Willowcroft Foundation
- Assets
- $1.9m
- Revenue
- $79.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Leesburg, VA
- Founding
- 12/2009
- Data as of
- 06/2022
- EIN
- 27-0560959
Organization Overview
Willowcroft Foundation is located in Leesburg, VA. The organization was established in 2009. 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. Willowcroft 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 06/2022, Willowcroft Foundation generated $79.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $225.1k during the year ending 06/2022. While expenses have increased by 20.8% per year over the past 7 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 2015, Willowcroft Foundation has awarded 24 individual grants totaling $1,175,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVIEWED THE INVESTMENT PORTFOLIO FOR THE FUND AND INITIATED CHANGES TO INCREASE INCOME FOR FUTURE GRANTS.
REVIEWED NINE APPLICATION REQUESTS WITH QUALIFYING SCIENCE AND SELECTED FIVE AND FUNDED THREE.
REVIEWED THE PARTICIPATING TYPES OF MEDICAL SCIENCES TO SEE IF THERE WERE NEEDED ADDITIONS.
CONTINUED THE EXPANDED GRANT RELATIONSHIP WITH JOHN HOPKINS SCHOOL OF MEDICINE DEPARTMENT OF SURGERY FOR RESEARCH WORK OF MULTIPLE DIFFERENT DOCTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis E S Parker President | 1 | $0 | |
Andrea L Cox Director | 0 | $0 | |
Lara Parker Major Director | 0 | $0 | |
Wayne M Zell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $169 |
| Dividends & Interest | $39,096 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,826 |
| Capital Gain Net Income | $39,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $164 |
| Taxes | $1,659 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $338 |
| Total operating and administrative expenses | $25,087 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $225,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,614 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,936,574 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,020 |
| 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 | $3,020 |
Grants Awarded
Over the last fiscal year, Willowcroft Foundation has awarded $200,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY PURPOSE: GRANT 2203 - DR. JELANI ZAROF | $50,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GRANT 2202 - DR. SUDIPO GANGULY | $50,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GRANT 2201 - DR. FRANCK HOUSSEAU | $50,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GRANT 2204 - DR. PRANITA TAMMA | $50,000 |