Wesbury Foundation
- Assets
- $16.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Meadville, PA
- Founding
- 07/1996
- Data as of
- 12/2022
- EIN
- 25-1778886
Organization Overview
Wesbury Foundation is located in Meadville, PA. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public 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. Wesbury 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 12/2022, Wesbury Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $429.3k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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 SUPPORTIVE SERVICES EXCLUSIVELY FOR THE BENEFIT OF WESBURY: A UNITED METHODIST RETIREMENT COMMUNITY, A PENNSYLVANIA NONPROFIT CORPORATION WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND OF FURTHERING WESBURY'S LONG-TERM GOALS AND PROGRAMS RELATING TO THE GENERAL HEALTH AND WELL-BEING OF THE AGING THROUGH A COMMON RELIGIOUS HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE MONIES FOR THE SUPPORT OF WESBURY UNITED METHODIST COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance A Johnson Chairperson | OfficerTrustee | 1 | $0 |
Robert S Waid Secretary / Treasurer | OfficerTrustee | 1 | $0 |
Brian Nageotte President/ceo | OfficerTrustee | 1 | $0 |
Debra Spence Board Member | Trustee | 1 | $0 |
Phyllis Easley Sunset Auxiliary President | OfficerTrustee | 1 | $0 |
Joseph Palmiero CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,153,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,153,710 |
| Total Program Service Revenue | $73,200 |
| Investment income | $106,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $77,879 |
| Net Gain/Loss on Asset Sales | -$29,339 |
| Net Income from Fundraising Events | $12,582 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,441,089 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,382 |
| Travel | $139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,706 |
| Insurance | $10,980 |
| All other expenses | $0 |
| Total functional expenses | $429,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,000 |
| Savings and temporary cash investments | $2,737,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,648 |
| 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 | $1,761 |
| Net Land, buildings, and equipment | $3,510,655 |
| Investments—publicly traded securities | $6,682,338 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,347,280 |
| Total assets | $16,519,050 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $31,365 |
| 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 | $52,132 |
| Total liabilities | $83,497 |
| Net assets without donor restrictions | $13,088,273 |
| Net assets with donor restrictions | $3,347,280 |
| 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 | $16,519,050 |