Ernest L Sweet & Mildred Roberts Sweet Foundation
- Assets
- $3.4m
- Revenue
- $213.1k
- Investments
- $3.2m
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 03/1986
- Data as of
- 12/2023
- EIN
- 22-6408974
Organization Overview
Ernest L Sweet & Mildred Roberts Sweet Foundation is located in Wellsboro, PA. The organization was established in 1986. 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. Ernest L Sweet & Mildred Roberts Sweet 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 12/2023, Ernest L Sweet & Mildred Roberts Sweet Foundation generated $213.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $155.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ernest L Sweet & Mildred Roberts Sweet Foundation has awarded 135 individual grants totaling $1,105,452. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PRIMARILY BENEFITS THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF 501(C)(3) ORGANIZATIONS IN THE WELLSBORO PA AREA. DIRECTORS ARE APPOINTED TO THE BOARD OF THE ERNEST L. & MILDRED
ROBERTS SWEET FOUNDATION BY SPECIFIC WELLSBORO PA 501(C)(3) AND GOVERNMENTAL ORGANIZATIONS. THE ORGANIZATIONS THAT APPOINT DIRECTORS TO THE BOARD OF THE SWEET FOUNDATION EITHER CONDUCT OR
OVERSEE THE CHARITABLE ACTIVITIES FUNDED BY THE SWEET FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 10 | $31,607 | |
Amy Wood Trustee | 1 | $0 | |
Hilma Cooper Pres Of Green Free Library | 1 | $0 | |
Rev Michael Birbeck Minister Of 1st Presb Ch Of Wellsboro | 1 | $0 | |
Dr Brenda Freeman Wasd Superintendent | 1 | $0 | |
Julie Vanness Exec Dir Chamber Of Commerce | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,335 |
| Dividends & Interest | $93,463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,304 |
| Capital Gain Net Income | $113,304 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $213,102 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,607 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $204 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $32,937 |
| Contributions, gifts, grants paid | $122,046 |
| Total expenses and disbursements | $154,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $196,510 |
| 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 | $342,025 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,389,754 |
| 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, Ernest L Sweet & Mildred Roberts Sweet Foundation has awarded $122,046 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
WELLSBORO FOUNDATION INC PURPOSE: WASD COMPETITIONS,PARK SURVEILLANCE & ELMTREE MAINTENANCE | $11,447 |
ENDLESS MOUNTAIN MUSIC FESTIVAL PURPOSE: ENHANCINGEDUCATIONAL ANDCULTURAL OUTREACH | $2,500 |
WELLSBORO SHARED HOMES INC PURPOSE: 2 ANNUNCIATORS | $4,654 |
WELLSBORO COMMUNITY CONCERT ASSOC PURPOSE: ASSISTANCE WITHUPCOMING SEASONCOSTS | $1,500 |
LAUREL MOUNTAIN K9 SEARCH & RESCUE PURPOSE: CANINE TRAINING | $1,000 |
DEANE CENTER FOR THE PERFORMING ARTS INC PURPOSE: OUTDOOR SUMMERCONCERT SERIES | $1,500 |