Innovating Worthy Projects
- Assets
- $5.0m
- Revenue
- $510.5k
- Investments
- $4.9m
- Employees
- 0
- Location
- Green Cove Springs, FL
- Founding
- 06/1967
- Data as of
- 08/2021
- EIN
- 22-6083636
Organization Overview
Innovating Worthy Projects is located in Green Cove Springs, FL. The organization was established in 1967. 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. Innovating Worthy Projects 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 08/2021, Innovating Worthy Projects generated $510.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $364.9k during the year ending 08/2021. While expenses have increased by 5.5% per year over the past 3 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, Innovating Worthy Projects has awarded 61 individual grants totaling $379,455. 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 |
|---|---|---|---|
Dr Edward Packer Chairman/president | 10 | $48,000 | |
Howard Packer ESQ Trustee | 15 | $30,000 | |
Stephen P Weiss Secretary | 1 | $0 | |
Richard W Culbertson Jr Treasurer | 1 | $0 | |
Emily Zappa Trustee | 1 | $0 | |
Jeffrey Packer Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $154,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $356,220 |
| Capital Gain Net Income | $356,220 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $510,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,852 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,557 |
| Total operating and administrative expenses | $145,742 |
| Contributions, gifts, grants paid | $219,155 |
| Total expenses and disbursements | $364,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $3,805,428 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $23,878 |
| Total assets | $4,965,856 |
| 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 | $23,476 |
| Total liabilities | $23,476 |
Grants Awarded
Over the last fiscal year, Innovating Worthy Projects has awarded $219,155 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
SUNSHINE STATE SUPERKIDS PURPOSE: SPECIAL RACES WITH SPECIAL NEEDS CHILDREN | $12,930 |
Takoma Park, MD PURPOSE: BUILDING KINDERGARTEN AND HEALTH CLINIC FOR CHILDREN'S BASIC NEEDS | $12,500 |
KIDS EQUIPMENT NETWORK PURPOSE: FUND ADAPTIVE EQUIPMENT FOR SPECIAL NEEDS CHILDREN AND YOUNG ADULTS | $12,400 |
Charlottesville, VA PURPOSE: LAUNDRY FACILITIES FOR CAMP AND COVID-RESPONSE PROGRAMS ON-SITE | $12,000 |
New York, NY PURPOSE: VIRTUAL CHECK UP KITS FOR OUR PATIENTS | $10,000 |
Chicago, IL PURPOSE: RESOURCES FOR UNDERSERVED CHILDREN'S EDUCATIONAL DEVELOPMENT AT ALL AGES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |