Jean T And Heyward G Pelham Foundation
- Assets
- $38.1m
- Revenue
- $8.3m
- Investments
- $33.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 20-3291660
Organization Overview
Jean T And Heyward G Pelham Foundation is located in Wilmington, DE. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jean T And Heyward G Pelham Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Jean T And Heyward G Pelham Foundation generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 8.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jean T And Heyward G Pelham Foundation has awarded 322 individual grants totaling $11,372,362. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann P Cullen Trustee, Chairperson | 1 | $0 | |
Richard T Pelham Trustee | 1 | $0 | |
William H Pelham Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/23 | $75,750 |
Brown Advisory | 12/30/23 | $90,874 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,134,590 |
| Interest on Savings | $146,102 |
| Dividends & Interest | $633,258 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,364,043 |
| Capital Gain Net Income | $5,364,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,906 |
| Total Revenue | $8,327,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,766 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $91,252 |
| Total operating and administrative expenses | $209,904 |
| Contributions, gifts, grants paid | $1,526,112 |
| Total expenses and disbursements | $1,736,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,992,351 |
| Net Accounts receivable | $165,361 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,184,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,140,414 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jean T And Heyward G Pelham Foundation has awarded $1,526,112 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN TORTOISE RESCUE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ANACOSTIA WATERSHED SOCIETY INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
ARLINGTON FREE CLINIC INC PURPOSE: GENERAL & UNRESTRICTED | $35,000 |
CAPITAL AREA FOOD BANK PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CHESAPEAKE BAY FOUNDATION INC PURPOSE: JON MUELLER FUND | $10,000 |
ARROWMONT SCHOOL OF ARTS AND CRAFTS PURPOSE: KAABO CLAY ARTIST AWARDS FUND | $5,000 |