American Water Charitable Foundation Inc
- Assets
- $69.3m
- Revenue
- $2.5m
- Investments
- $68.5m
- Employees
- 0
- Location
- Camden, NJ
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 27-4241172
Organization Overview
American Water Charitable Foundation Inc is located in Camden, NJ. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. American Water Charitable 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.
For the year ending 12/2023, American Water Charitable Foundation Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, American Water Charitable Foundation Inc has awarded 2,151 individual grants totaling $14,938,600. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO PUBLIC CHARITIES BASED ON MATCHING EMPLOYEE CONTRIBUTIONS, UP TO ANNUAL MAXIMUMS DEFINED IN THE PROGRAM. THE FOUNDATION ALSO MAKES GRANTS TO THESE PUBLIC CHARITIES BASED ON THE NUMBER OF HOURS THE EMPLOYEE VOLUNTEERS TO THE CHARITY.
THE FOUNDATION ALSO MAKES UNSOLICITED GRANTS TO PUBLIC CHARITIES SELECTED BY THE BOARD CONSISTENT WITH THEIR CHARITABLE GOALS, TYPICALLY IN THE AREAS OF DISASTER RELIEF, PRESERVING THE WATER & LAND, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Williams President | 36 | $0 | |
Maureen Duffy Chair | 0.5 | $0 | |
Justin Ettelson Secretary | 1 | $0 | |
Ann Weaver Treasurer | 0.5 | $0 | |
John Quinn Asst. Treasurer | 1 | $0 | |
David Bowler Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64,238 |
| Dividends & Interest | $1,627,612 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $767,826 |
| Capital Gain Net Income | $767,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,459,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $241,263 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73,339 |
| Total operating and administrative expenses | $432,490 |
| Contributions, gifts, grants paid | $3,690,770 |
| Total expenses and disbursements | $4,123,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,271 |
| Savings and temporary cash investments | $854,910 |
| 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 | $12,342 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,495 |
| Total assets | $69,344,684 |
| Accounts payable and accrued expenses | $158,151 |
| Grants payable | $125,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $185,816 |
| Total liabilities | $468,967 |
Grants Awarded
Over the last fiscal year, American Water Charitable Foundation Inc has awarded $3,214,522 in support to 228 organizations.
| Grant Recipient | Amount |
|---|---|
12TH JUDICIAL DISTRICT CHILDRENS ADVOCACY CENTER INC PURPOSE: GENERAL PURPOSE | $5,000 |
4 KIDS SAKE INC PURPOSE: GENERAL PURPOSE | $5,000 |
A SENIOR RETREAT SENIOR SERVICES INC PURPOSE: GENERAL PURPOSE | $10,000 |
ACLAMO FAMILY CENTERS PURPOSE: GENERAL PURPOSE | $25,000 |
AGRAJ SEVA KENDRA PURPOSE: GENERAL PURPOSE | $2,500 |
ACTIVE SOUTHERN WEST VIRGINIA INC PURPOSE: GENERAL PURPOSE | $2,500 |