Harold A Winstead Charitable Foundation
- Assets
- $1.7m
- Revenue
- $114.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 01/2005
- Data as of
- 06/2024
- EIN
- 30-0273736
Organization Overview
Harold A Winstead Charitable Foundation is located in Westerly, RI. The organization was established in 2005. 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. Harold A Winstead Charitable 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 06/2024, Harold A Winstead Charitable Foundation generated $114.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $169.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harold A Winstead Charitable Foundation has awarded 209 individual grants totaling $995,500. 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 |
|---|---|---|---|
The Washington Trust Company Trustee | 1 | $20,700 | |
Benjamin G Pastor ESQ Distribution Committee | 1 | $6,000 | |
Norman J Bolotow ESQ Distribution Committee | 1 | $6,000 | |
Philip M Weinstein ESQ Distribution Committee | 1 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,370 |
| Capital Gain Net Income | $62,370 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,975 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,621 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $42,571 |
| Contributions, gifts, grants paid | $126,500 |
| Total expenses and disbursements | $169,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $183,876 |
| 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 | $1,651,172 |
| 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, Harold A Winstead Charitable Foundation has awarded $126,500 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD UNIVERSITY HILLEL PURPOSE: GENERAL | $5,000 |
PARTNERS IN HEALTH PURPOSE: GENERAL | $2,500 |
CLASSICAL HIGH SCHOOL ALUMNI ASSOCIATION PURPOSE: GENERAL SUPPORT | $5,000 |
TEMPLE BETH-EL PURPOSE: GENERAL | $12,000 |
SAVE THE BAY PURPOSE: CONSERVATION | $1,500 |
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL | $2,500 |