Harold D Wetterberg Foundation
- Assets
- $1.3m
- Revenue
- $78.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 05/1998
- Data as of
- 12/2022
- 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 12/2022, Harold D Wetterberg Foundation generated $78.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $166.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harold D Wetterberg Foundation has awarded 444 individual grants totaling $1,636,000. 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 | |
Samuel R Hoffer President/trustee | 1 | $5,000 | |
Scott Korf Vice Pres/trustee | 1 | $5,000 | |
Sandra P Searfoss Treasurer/trustee | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $93 |
| Dividends & Interest | $9,994 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,475 |
| Capital Gain Net Income | $68,475 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,435 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31 |
| Total operating and administrative expenses | $55,261 |
| Contributions, gifts, grants paid | $111,500 |
| Total expenses and disbursements | $166,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,775 |
| 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 | $1,298,735 |
| 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 $111,500 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL | $1,500 |
ADALYN ROSE FOUNDATION PURPOSE: GENERAL | $500 |
AMERICAN VETERINARY MEDICAL FOUNDATION PURPOSE: GENERAL | $12,000 |
ASBURY PARK LITTLE LEAGUE INC PURPOSE: GENERAL | $2,000 |
AUTISM FAMILY SERVICES OF NJ PURPOSE: GENERAL | $1,000 |
BOYS AND GIRLS CLUB OF MONMOUTH COUNTY PURPOSE: GENERAL | $500 |