Townsend Foundation
- Assets
- $736.4k
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Voorhees, NJ
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 22-3435514
Organization Overview
Townsend Foundation is located in Voorhees, NJ. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Townsend 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 12/2022, Townsend Foundation generated $6.9m in total revenue. All expenses for the organization totaled $6.2m during the year ending 12/2022. While expenses have increased by 12.3% per year over the past 8 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, Townsend Foundation has awarded 289 individual grants totaling $33,320,484. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP FUND TUITION FOR DEVELOPMENTAL COLLEGE STUDENTS
TO HELP UNDERPRIVILEGED CITY RESIDENTS THROUGH EDUCATION AND COUNSELING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Langan Trustee | 0.5 | $0 | |
Judith Nadell Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,875,969 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,526 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$43,650 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,855,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,558 |
| Printing and publications | $0 |
| Other expenses | $100,559 |
| Total operating and administrative expenses | $102,117 |
| Contributions, gifts, grants paid | $6,086,125 |
| Total expenses and disbursements | $6,188,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,191 |
| Savings and temporary cash investments | $666,086 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,154 |
| Total assets | $736,431 |
| 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 | $1,000 |
| Total liabilities | $1,000 |
Grants Awarded
Over the last fiscal year, Townsend Foundation has awarded $6,086,125 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC PARTNERSHIP SCHOOLS PURPOSE: SUPPORT EDUC PROGRAMS FOR LOW-INCOME | $750,000 |
AFTER SCHOOL ACTIVITIES PARTNERSHIP PURPOSE: SUPPORT ENRICHMENT PROGR FOR LOW-INC | $25,000 |
AFTER SCHOOL ACTIVITIES PARTNERSHIP PURPOSE: SUPPORT ENRICHMENT PROGR FOR LOW-INC | $25,000 |
AMERICAN CIVIL LIBERTIES UNION PURPOSE: SUPPORT EFFORTS IN DEFENSE OF AMER R | $250,000 |
BERKS CATHOLIC HIGH SCHOOL PURPOSE: PROVIDE SCHOLARSHIPS FOR LOW-INCOME | $150,000 |
MIGHTY WRITERS PURPOSE: SUPPORT EDUC PROGRAMS FOR LOW-INCOME | $600,000 |