Headwaters Charitable Tr
- Assets
- $3.3m
- Revenue
- $325.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Curwensville, PA
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 32-0056445
Organization Overview
Headwaters Charitable Tr is located in Curwensville, PA. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Headwaters Charitable Tr employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headwaters Charitable Tr 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 12/2021, Headwaters Charitable Tr generated $325.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $391.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SECURE PUBLIC AND PRIVATE FUNDING TO BETTER THE LIVES OF THE CITIZENS OF NORTH CENTRAL PENNSYLVANIA THROUGH WISE USE, DEVELOPMENT, AND PROTECTION OF THE REGION'S NATURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURE PUBLIC AND PRIVATE GRANT FUNDING TO FURTHER CONSERVATION EFFORTS AND PROMOTE GENERAL AWARENESS OF ENVIRONMENT. INSTRUMENTAL IN REMEDIATING AREA STREAMS AND WATERWAYS FROM ACID MINE DRAINAGE, AND PROVIDING ASSISTANCE WITH THE RAILS TO TRAILS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Holland Sec / Treas | OfficerTrustee | 1 | $0 |
Jeff Deitrich Vice Chair | OfficerTrustee | 1 | $0 |
Joshua Brock Chairman | OfficerTrustee | 1 | $0 |
Ray Learn Trustee | Trustee | 1 | $0 |
J Alan Stewart Trustee | Trustee | 1 | $0 |
Travis Lesser Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Earthmovers Unlimited Inc Construction | 12/30/16 | $356,051 |
Dietz Gourley Consulting Llc Engineering | 12/30/16 | $111,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $248,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,841 |
| Total Program Service Revenue | $0 |
| Investment income | $853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,487 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $325,330 |
| 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 | $34,538 |
| Pension plan accruals and contributions | $945 |
| Other employee benefits | $0 |
| Payroll taxes | $3,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,789 |
| Advertising and promotion | $0 |
| Office expenses | $2,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,362 |
| Travel | $67 |
| 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 | $0 |
| Insurance | $8,740 |
| All other expenses | $0 |
| Total functional expenses | $391,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $482,999 |
| Pledges and grants receivable | $779,165 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,020,063 |
| Investments—publicly traded securities | $8,213 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,290,440 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $814,522 |
| 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 | $0 |
| Total liabilities | $814,522 |
| Net assets without donor restrictions | $2,276,918 |
| Net assets with donor restrictions | $199,000 |
| 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 | $3,290,440 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Headwaters Charitable Tr has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Northwest Charitable Foundation Warren, PA PURPOSE: GREEN JOB CREATION PROGRAM 3 OF 3 | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clark Charitable Foundation Inc Bethesda, MD | $421,128,793 | $429,131,785 |
Kendeda Fund Wilmington, DE | $107,220,402 | $29,360,526 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |