The Wilson Foundation
- Assets
- $2.0m
- Revenue
- $83.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Boonton, NJ
- Founding
- 11/1935
- Data as of
- 06/2022
- EIN
- 22-1613656
Organization Overview
The Wilson Foundation is located in Boonton, NJ. The organization was established in 1935. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilson 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 06/2022, Wilson Foundation generated $83.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (43.7%) each year. All expenses for the organization totaled $168.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wilson Foundation has awarded 18 individual grants totaling $177,414. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO OFFER STUDENTS AND EDUCATORS OF ALL AGES THE OPPORTUNITY TO APPLY FOR FUNDS TO HELP OFFSET EXPENSES NEEDED FOR EDUCATIONAL PROGRAMS, WHETHER IN THE FORM OF TUITION OR EXTRACURRICULAR ACTIVITIES SUCH AS EDUCATION TRAVEL PRGRAMS, CAMPS AND COLLEGE CLASSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION IS TO OFFER STUDENTS AND EDUCATORS OF ALL AGES THE OPPORTUNITY TO APPLY FOR FUNDS TO HELP OFFSET EXPENSES NEEDED FOR EDUCATIONAL PROGRAMS, WHETHER IN THE FORM OF TUITION OR EXTRACURRICULAR ACTIVITIES SUCH AS EDUCATION TRAVEL PRGRAMS, CAMPS AND COLLEGE CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Borlo Treasurer | OfficerTrustee | 20 | $0 |
Betsy Chandler Vice President | OfficerTrustee | 10 | $0 |
Melissa Burnside President | Trustee | 10 | $0 |
Rev Dr Debra Duke Trustee | Trustee | 5 | $0 |
James M Cook Trustee | Trustee | 5 | $0 |
Henry Modzelewski Trustee | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171 |
| Total Program Service Revenue | $0 |
| Investment income | $69,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,315 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,138 |
| Advertising and promotion | $0 |
| Office expenses | $1,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $168,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,527 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,672,849 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,014,376 |
| Accounts payable and accrued expenses | $10,355 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,355 |
| Net assets without donor restrictions | $2,004,021 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,014,376 |
Grants Awarded
Over the last fiscal year, The Wilson Foundation has awarded $107,914 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BERKLEE COLLEGE OF MUSIC PURPOSE: TUITION AWARD | $10,000 |
ANGEL MAULDIN PURPOSE: RENT AID | $8,000 |
CLEMSON UNIVERSITY PURPOSE: TUITION AWARD | $5,414 |
CRAIG SCHOOL PURPOSE: TUITION AWARD | $24,000 |
LUMEN GENTIUM ACADEMY PURPOSE: PERRY JOHNSON'S 2 STUDENT TUITION | $10,000 |
GRUB PURPOSE: 10 STUDENT STIPENDS | $10,000 |