Ellen Garretson Wade Memorial Fund
- Assets
- $42.6m
- Revenue
- $5.1m
- Investments
- $42.0m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 12/1944
- Data as of
- 12/2021
- EIN
- 34-6505729
Organization Overview
Ellen Garretson Wade Memorial Fund is located in Brooklyn, OH. The organization was established in 1944. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ellen Garretson Wade Memorial Fund 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, Ellen Garretson Wade Memorial Fund generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 4 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 2020, Ellen Garretson Wade Memorial Fund has awarded 43 individual grants totaling $4,064,129. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $263,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,693,049 |
| Capital Gain Net Income | $4,693,049 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $178,896 |
| Total Revenue | $5,135,545 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,985 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,079 |
| Total operating and administrative expenses | $195,106 |
| Contributions, gifts, grants paid | $2,036,295 |
| Total expenses and disbursements | $2,231,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $615,114 |
| 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 | $41,958,731 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,573,845 |
| 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, Ellen Garretson Wade Memorial Fund has awarded $2,036,295 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: GENERAL OPERATING | $614,708 |
BEECH BROOK CHILDREN'S HOME PURPOSE: GENERAL OPERATING | $266,380 |
RAINBOW BABIES CHILDRENS CORP PURPOSE: GENERAL OPERATING | $204,970 |
VISITING NURSE ASSOCIATION OF CLEVELAND PURPOSE: GENERAL OPERATING | $204,767 |
CLEVE CLINIC CHILDRENS HOSP PURPOSE: GENERAL OPERATING | $204,767 |
FIRST CHURCH OF CHRIST SCIENTIST PURPOSE: GENERAL OPERATING | $102,485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |