Corad Foundation Dba Wellingtonwarren
- Assets
- $585.1k
- Revenue
- $31.4k
- Investments
- $563.1k
- Employees
- 0
- Location
- Pennsburg, PA
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 23-2443194
Organization Overview
Corad Foundation Dba Wellingtonwarren is located in Pennsburg, PA. The organization was established in 2010. 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. Corad Foundation Dba Wellingtonwarren 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, Corad Foundation Dba Wellingtonwarren generated $31.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $27.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Corad Foundation Dba Wellingtonwarren has awarded 88 individual grants totaling $203,835. 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 |
|---|---|---|---|
Clare M Moyer Trustee | 1 | $0 | |
Christine E Moyer Trustee | 1 | $0 | |
Chad V Moyer Trustee | 1 | $0 | |
Corinna L Garis Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,010 |
| Interest on Savings | $26,151 |
| Dividends & Interest | $250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,176 |
| Contributions, gifts, grants paid | $25,500 |
| Total expenses and disbursements | $27,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,793 |
| Savings and temporary cash investments | $20,142 |
| 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 | $5,154 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $585,083 |
| 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, Corad Foundation Dba Wellingtonwarren has awarded $25,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MORNING STAR MINISTRIES PURPOSE: TO FURTHER EXEMPT PURPOSE | $1,400 |
NEW LIFE ISLAND PURPOSE: TO FURTHER EXEMPT PURPOSE | $1,100 |
SAMARITAN'S PURSE PURPOSE: TO FURTHER EXEMPT PURPOSE | $10,000 |
THE SALVATION ARMY BOYERTOWN PURPOSE: TO FURTHER EXEMPT PURPOSE | $1,000 |
SANDY COVE MINISTRIES PURPOSE: TO FURTHER EXEMPT PURPOSE | $2,000 |
SWEATSHIRT OF HOPE PURPOSE: TO FURTHER EXEMPT PURPOSE | $5,000 |