Harold D Wetterberg Foundation
- Assets
- $2.2m
- Revenue
- $366.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 22-6042915
Organization Overview
Harold D Wetterberg Foundation is located in Morristown, NJ. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harold D Wetterberg 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, Harold D Wetterberg Foundation generated $366.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $260.0k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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, Harold D Wetterberg Foundation has awarded 411 individual grants totaling $1,533,000. 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 |
|---|---|---|---|
Gene R Korf Secretary/trustee | 2 | $5,000 | |
Albert G Besser Former Trustee | 1 | $5,000 | |
Samuel R Hoffer President/trustee | 1 | $5,000 | |
Scott Korf Vice Pres/trustee | 1 | $0 | |
Sandra P Searfoss Treasurer/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $9,620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $356,630 |
| Capital Gain Net Income | $356,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $366,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,386 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,886 |
| Total operating and administrative expenses | $55,022 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $260,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $108,744 |
| 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 | $0 |
| Total assets | $2,164,308 |
| 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, Harold D Wetterberg Foundation has awarded $205,000 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
Schaumburg, IL PURPOSE: GENERAL | $30,000 |
Davis, CA PURPOSE: SCHOLARSHIP | $12,500 |
MIAMI DOLPHINS FOUNDATION PURPOSE: GENERAL | $10,000 |
Miami, FL PURPOSE: GENERAL | $10,000 |
UNIVERSITY OF PENNSYLVANIA (PALENA) PURPOSE: SCHOLARSHIP | $10,000 |
East Lansing, MI PURPOSE: SCHOLARSHIP | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Mayanot Institute Inc New York, NY | $1,023,168 | $4,053,714 |
Four-Four Foundation Inc New York, NY | $21,732,131 | $6,162,056 |
Jkw Foundation Tr Ua 092597 New York, NY | $38,873,662 | $1,124,358 |
Olean General Hospital Foundation Olean, NY | $48,066,140 | $6,076,941 |
Agudath Israel Of America Foundation New York, NY | $3,877,624 | $1,631,561 |
Cranaleith Spiritual Center Philadelphia, PA | $5,535,511 | $615,387 |
Adam R Rose Foundation New York, NY | $2,822,495 | $728,738 |
Westmoreland Human Services Inc Greensburg, PA | $2,474,468 | $644,876 |
Martha Lloyd Services Inc Troy, PA | $1,951,761 | $271,501 |
Harold D Wetterberg Foundation Morristown, NJ | $2,164,308 | $366,268 |
The Community Service Foundation Wilmington, DE | $579,514 | $219,327 |
Louis Greenspan Charitable Tr Poughkeepsie, NY | $3,331,686 | $170,192 |