Garrett Williamson
- Assets
- $8.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 96
- Location
- Newtown Square, PA
- Founding
- 02/1920
- Data as of
- 12/2021
- EIN
- 23-1433892
Organization Overview
Garrett Williamson is located in Newtown Square, PA. The organization was established in 1920. 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. As of 12/2021, Garrett Williamson employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garrett Williamson 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, Garrett Williamson generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY EDUCATIONAL AND RECREATIONAL PROGRAMS FOR THE BENEFIT OF CHILDREN OF FINACIALLY CHALLENGED FAMILIES AND KEEP THE PROPERTY IN A FARM-LIKE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY EDUCATIONAL AND RECREATIONAL PROGRAMS FOR CHILDREN OF FINANCIALLY CHALLENGED FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Kaplan Ruark Executive Di | Officer | 40 | $125,794 |
Terri Mccarthy Secretary | OfficerTrustee | 6 | $0 |
David Panczner Vice Preside | OfficerTrustee | 6 | $0 |
Steven J Videon President | OfficerTrustee | 6 | $0 |
Rich Johnson Board Member | Trustee | 6 | $0 |
David Shea Board Member | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,388,215 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,471,891 |
| Total Program Service Revenue | $2,092,521 |
| Investment income | $567,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $712,450 |
| Net Gain/Loss on Asset Sales | $54,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,996,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,794 |
| Compensation of current officers, directors, key employees. | $125,794 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,889,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,044 |
| Payroll taxes | $157,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,531 |
| Fees for services: Accounting | $18,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,703 |
| Fees for services: Other | $25,781 |
| Advertising and promotion | $11,639 |
| Office expenses | $39,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,091 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,517 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,893 |
| Insurance | $71,225 |
| All other expenses | $175,643 |
| Total functional expenses | $3,095,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,061 |
| Savings and temporary cash investments | $1,842,747 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,386 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,712 |
| Net Land, buildings, and equipment | $1,505,635 |
| Investments—publicly traded securities | $5,266,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,935,528 |
| Accounts payable and accrued expenses | $189,732 |
| Grants payable | $0 |
| Deferred revenue | $61,426 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,774 |
| Total liabilities | $264,932 |
| Net assets without donor restrictions | $7,754,326 |
| Net assets with donor restrictions | $916,270 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,935,528 |
Grants Awarded
Over the last fiscal year, Garrett Williamson has awarded $675 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Newtown Square, PA PURPOSE: TO SUPPORT THE MARPLE NEWTOWN HIGH SCHOOL FOUNDATION | $500 |
Newtown Square, PA PURPOSE: FIRE PROTECTION | $175 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Garrett Williamson has recieved totaling $15,500.
| Awarding Organization | Amount |
|---|---|
Justamere Foundation Wilmington, DE PURPOSE: FOR WINTERIZING AND IMPROVEMENT PROJECTS | $12,000 |
The@dale L Reese Foundation Blue Bell, PA PURPOSE: GENERAL FUND | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |