Hyde And Watson Foundation
- Assets
- $97.1m
- Revenue
- $14.5m
- Investments
- $90.6m
- Employees
- 0
- Location
- Warren Township, NJ
- Founding
- 03/1983
- Data as of
- 12/2021
- EIN
- 22-2425725
Organization Overview
Hyde And Watson Foundation is located in Warren Township, NJ. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hyde And Watson 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 12/2021, Hyde And Watson Foundation generated $14.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $9.0m during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 4 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 2020, Hyde And Watson Foundation has awarded 1,053 individual grants totaling $12,687,700. 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 |
|---|---|---|---|
Brunilda Moriarty President/director | 35 | $220,000 | |
Sarah A Kalra Assistant Secretary | 35 | $113,000 | |
Maureen T Mccutcheon Assistant Treasurer | 28 | $95,000 | |
Allison J Pena Assistant Secretary | 35 | $78,700 | |
William V Engel Chairperson/director | 14 | $70,667 | |
Thomas H Maccowatt Treasurer/director | 1 | $1,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ashford Capital Management Inc | 12/30/21 | $315,796 |
Monticello Associates Inc | 12/30/21 | $200,000 |
Eagle Capital Management Llc | 12/30/21 | $71,935 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $203 |
| Dividends & Interest | $1,088,178 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,139,798 |
| Capital Gain Net Income | $10,173,098 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $251,270 |
| Total Revenue | $14,479,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $301,667 |
| Other employee salaries and wages | $305,812 |
| Pension plans, employee benefits | $362,213 |
| Interest | $45,554 |
| Taxes | $169,124 |
| Depreciation | $30,200 |
| Occupancy | $45,487 |
| Travel, conferences, and meetings | $1,693 |
| Printing and publications | $0 |
| Other expenses | $68,065 |
| Total operating and administrative expenses | $2,371,050 |
| Contributions, gifts, grants paid | $6,654,800 |
| Total expenses and disbursements | $9,025,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,251 |
| Savings and temporary cash investments | $4,761,697 |
| Net Accounts receivable | $0 |
| 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 | $67,865,375 |
| Net Land, buildings, and equipment | $638,909 |
| Other assets | $1,000,000 |
| Total assets | $97,089,662 |
| 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, Hyde And Watson Foundation has awarded $6,654,800 in support to 515 organizations.
| Grant Recipient | Amount |
|---|---|
Morristown, NJ PURPOSE: DONOR ADVISED FUND. | $300,000 |
HARLEM ACADEMY PURPOSE: HARD COSTS RELATED TO THE CONSTRUCTION OF A NEW FACILITY. | $100,000 |
Elizabeth, NJ PURPOSE: PURCHASE OF FURNISHINGS AND EQUIPMENT. | $75,000 |
Union, NJ PURPOSE: HARD COSTS RELATED TO BUILDING RENOVATIONS AND IMPROVEMENTS. | $50,000 |
Mountainside, NJ PURPOSE: HARD COSTS RELATED TO FACILITY RENOVATIONS, AND PURCHASE OF EQUIPMENT AND FURNISHINGS FOR THE UNION OUTPATIENT CENTER. | $50,000 |
Newark, NJ PURPOSE: PURCHASE AND INSTALLATION OF EQUIPMENT FOR THE NEW OFFICE IN NEWARK, NJ. | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hyde And Watson Foundation has recieved totaling $11,200.
| Awarding Organization | Amount |
|---|---|
Playhouse Association Incorporated Summit, NJ PURPOSE: Property Repairs/Production Equipment | $11,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |