Carol & Arnold Wolowitz Foundation Inc
- Assets
- $2.5m
- Revenue
- -$84.5k
- Investments
- $2.4m
- Employees
- 0
- Location
- Hauppauge, NY
- Founding
- 03/1973
- Data as of
- 12/2022
- EIN
- 23-7201382
Organization Overview
Carol & Arnold Wolowitz Foundation Inc is located in Hauppauge, NY. The organization was established in 1973. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Carol & Arnold Wolowitz Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Carol & Arnold Wolowitz Foundation Inc has awarded 136 individual grants totaling $468,957. 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 |
|---|---|---|---|
Carol Wolowitz President | 1 | $0 | |
Denise Lamattina Secretary/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,237 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$137,748 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$84,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $316 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120 |
| Total operating and administrative expenses | $46,543 |
| Contributions, gifts, grants paid | $192,985 |
| Total expenses and disbursements | $239,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,672 |
| Savings and temporary cash investments | $32,514 |
| 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 | $621,564 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,461,123 |
| 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, Carol & Arnold Wolowitz Foundation Inc has awarded $192,985 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $300 |
AMERICAN FILM INSTITUTE PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $125 |
AMERICAN FRIENDS OF HEBREW UNIVERSITY PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $7,500 |
AMERICAN FRIENDS OF ISRAEL PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $2,500 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $1,260 |
AMERICAN INSTITUTE FOR CANCER RESEARCH PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C) (3) | $250 |