Garrett Williamson
- Assets
- $7.9m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 111
- Location
- Newtown Square, PA
- Founding
- 02/1920
- Data as of
- 12/2022
- 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 12/2022, Garrett Williamson employed 111 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 12/2022, Garrett Williamson generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 6 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
2022
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 | $152,342 |
Sherrill Davidson Board Member | Trustee | 6 | $0 |
Mark Graham Board Member | Trustee | 6 | $0 |
Carl Holden Board Member | Trustee | 6 | $0 |
Richard Johnson Treasurer | OfficerTrustee | 6 | $0 |
Terri Mccarthy Secretary | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $405,006 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $503,776 |
| Total Program Service Revenue | $2,649,839 |
| Investment income | $140,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $664,929 |
| Net Gain/Loss on Asset Sales | -$65,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,910,098 |
| 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. | $152,342 |
| Compensation of current officers, directors, key employees. | $152,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,308,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $176,699 |
| Payroll taxes | $194,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,500 |
| Fees for services: Accounting | $20,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,659 |
| Fees for services: Other | $245,819 |
| Advertising and promotion | $18,785 |
| Office expenses | $59,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,746 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,376 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,129 |
| Insurance | $84,894 |
| All other expenses | $208,332 |
| Total functional expenses | $3,983,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,512 |
| Savings and temporary cash investments | $1,882,458 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,369 |
| 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 | $5,183 |
| Net Land, buildings, and equipment | $1,579,314 |
| Investments—publicly traded securities | $4,177,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,860,155 |
| Accounts payable and accrued expenses | $129,398 |
| Grants payable | $0 |
| Deferred revenue | $20,517 |
| 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 | $163,689 |
| Net assets without donor restrictions | $7,018,436 |
| Net assets with donor restrictions | $678,030 |
| 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 | $7,860,155 |
Grants Awarded
Over the last fiscal year, Garrett Williamson has awarded $675 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEWTOWN SQUARE FIRE CO #1 INC PURPOSE: FIRE PROTECTION | $175 |
THE TIGER FOUNDATION PURPOSE: TO SUPPORT THE MARPLE NEWTOWN HIGH SCHOOL FOUNDATION | $500 |