Waynesboro Beneficial Fund Association
- Assets
- $856.0k
- Revenue
- $49.4k
- Investments
- $838.8k
- Employees
- 0
- Location
- Waynesboro, PA
- Founding
- 07/1984
- Data as of
- 10/2021
- EIN
- 23-6279080
Organization Overview
Waynesboro Beneficial Fund Association is located in Waynesboro, PA. The organization was established in 1984. 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. Waynesboro Beneficial Fund Association 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 10/2021, Waynesboro Beneficial Fund Association generated $49.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $107.3k during the year ending 10/2021. While expenses have increased by 5.0% 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.
Since 2014, Waynesboro Beneficial Fund Association has awarded 111 individual grants totaling $861,306. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BURNS PROPERTY MAINTENANCE - UPKEEP
TOLL GATE HOUSE - UPKEEP
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Henicle Director | 1 | $0 | |
Rev Dr Bruce Druckenmiller Director | 1 | $0 | |
Brian Shook President | 1 | $0 | |
David George Director | 1 | $0 | |
Jackie Mowen Secr/treasurer | 1 | $0 | |
Mayor Richard Starliper Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,655 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,558 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,194 |
| Capital Gain Net Income | $28,194 |
| Net ST Capital Gain | $28,194 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $942 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,264 |
| Total operating and administrative expenses | $4,206 |
| Contributions, gifts, grants paid | $103,078 |
| Total expenses and disbursements | $107,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,808 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,400 |
| 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 | $838,754 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $855,962 |
| 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, Waynesboro Beneficial Fund Association has awarded $103,078 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
WAYNESBORO AREA SCHOOL DISTRICT PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $20,000 |
SCHOLARSHIPS PURPOSE: SUPPORT QUALIFIED NEEDY STUDENTS | $11,000 |
Waynesboro, PA PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $10,100 |
HEARTHSTONE RETIREMENT HOME PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $10,000 |
Waynesboro, PA PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $7,500 |
WAYNESBORO HOSPITAL PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE PURPOSE | $6,227 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |