Robert F & Valerie Wright Charitable Foundation
- Assets
- $579.8k
- Revenue
- $45.3k
- Investments
- $502.2k
- Employees
- 0
- Location
- Holmdel, NJ
- Founding
- 03/1994
- Data as of
- 06/2024
- EIN
- 22-6617118
Organization Overview
Robert F & Valerie Wright Charitable Foundation is located in Holmdel, NJ. The organization was established in 1994. 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. Robert F & Valerie Wright Charitable 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 06/2024, Robert F & Valerie Wright Charitable Foundation generated $45.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $42.9k during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 9 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, Robert F & Valerie Wright Charitable Foundation has awarded 243 individual grants totaling $311,180. 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 |
|---|---|---|---|
Valerie Wright Trustee | 2 | $0 | |
Leonard C Green Trustee | 0.5 | $0 | |
George W Wright Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,897 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,411 |
| Capital Gain Net Income | $25,411 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,983 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,809 |
| Contributions, gifts, grants paid | $32,085 |
| Total expenses and disbursements | $42,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $77,592 |
| 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 | $579,828 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $61,792 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,792 |
Grants Awarded
Over the last fiscal year, Robert F & Valerie Wright Charitable Foundation has awarded $32,085 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: UNRESTRICTED | $100 |
AMERICAN ASSOC OF UNIVERSITY WOMEN PURPOSE: UNRESTRICTED | $35 |
AMERICAN CANCER SOCIETY PURPOSE: UNRESTRICTED | $200 |
AMERICAN INSTITUTE FOR CANCER RESEARCH PURPOSE: UNRESTRICTED | $100 |
CATHOLIC EXTENSION PURPOSE: UNRESTRICTED | $250 |
CATHOLIC RELIEF SERVICES PURPOSE: UNRESTRICTED | $250 |