Joan M Wismer Foundation
- Assets
- $45.7m
- Revenue
- $3.8m
- Investments
- $44.7m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 23-3089181
Organization Overview
Joan M Wismer Foundation is located in Philadelphia, PA. The organization was established in 2001. 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. Joan M Wismer 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 12/2021, Joan M Wismer Foundation generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joan M Wismer Foundation has awarded 61 individual grants totaling $7,870,000. 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 |
|---|---|---|---|
John D Iskrant ESQ Trustee | 20 | $260,004 | |
Susan P Dilday Trustee | 20 | $144,840 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Financial Equity Corp | 12/30/21 | $0 |
Foundation Services | 12/30/21 | $0 |
| 12/30/21 | $135,190 | |
| 12/30/21 | $128,501 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $97 |
| Dividends & Interest | $890,523 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,916,145 |
| Capital Gain Net Income | $2,916,145 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,806,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $404,844 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $66,159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,167 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $735,861 |
| Contributions, gifts, grants paid | $3,215,000 |
| Total expenses and disbursements | $3,950,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,029,205 |
| 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 | $44,662,027 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,691,232 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $900,000 |
| 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 | $900,000 |
Grants Awarded
Over the last fiscal year, Joan M Wismer Foundation has awarded $5,115,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: MEDICAL & DISASTER RELIEF | $1,800,000 |
PHILADELPHIA SCHOOL PARTNERSHIP PURPOSE: TRAINING PROGRAMS & SCHOOL SUPPORT | $350,000 |
Los Angeles, CA PURPOSE: MEDICAL ASSISTANCE & DISASTER RELIEF WORLDWIDE | $350,000 |
YMCA OF GREATER LONG BEACH PURPOSE: YOUTH & SAFETY PROGRAMS | $350,000 |
Philadelphia, PA PURPOSE: HOUSING WITH WHOLE-PERSON CARE | $325,000 |
New York, NY PURPOSE: FAMILY PLANNING & PRE-NATAL EDUCATION | $300,000 |
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 |