The Prince Of Wales Foundation
- Assets
- $2.4m
- Revenue
- $8.6m
- Investments
- $64.8k
- Employees
- 2
- Location
- Washington, DC
- Founding
- Data as of
- 12/2018
- EIN
- 36-3820023
Organization Overview
The Prince Of Wales Foundation is located in Washington, DC. As of 12/2018, Prince Of Wales Foundation employed 2 individuals. Prince Of Wales 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 12/2018, Prince Of Wales Foundation generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $9.6m during the year ending 12/2018. While expenses have increased by 11.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROJECTS INVOLVING EDUCATION, HEALTH CARE, DISADVANTAGED YOUNG PEOPLE, ARTS AND CULTURAL PROGRAMS, URBAN AND RURAL RENEWAL, AND THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUMFRIES HOUSE TRUST - DUMFRIES HOUSE TRUST IS A SCOTTISH REGISTERED CHARITY ORGANIZED TO ACCOMPLISH, AMONG OTHER THINGS, THE PRESERVATION OF BUILDINGS OF HISTORIC AND/OR ARCHITECTURAL IMPORTANCE; THE PRESERVATION OF A UNIQUE COLLECTION OF CHIPPENDALE FURNITURE; THE HISTORICAL AND ARCHITECTURAL EDUCATION OF THE PUBLIC AND TO INFLUENCE ECONOMIC REGENERATION FOR EAST AYRSHIRE REGION AND BEYOND.
ROYAL DRAWING SCHOOL - THE ROYAL DRAWING SCHOOL IS A BRITISH REGISTERED CHARITY ORGANIZED TO ACCOMPLISH, AMONG OTHER THINGS, THE ADVANCEMENT OF EDUCATION AND TRAINING IN THE FINE ARTS, ESPECIALLY DRAWING.
DONOR DIRECTED FUNDING - THE DISTRIBUTION OF DONOR DIRECTED FUNDS TO VARIOUS INTERNATIONAL ORGANIZATIONS BASED ON THE CHARITABLE OBJECTIVES OF THE PRINCE OF WALES.
ROSETOWN SUSTAINABILITY PROJECT SUPPORTING THE ADVANCEMENT OF CONSERVATION, CONSTRUCTION, AND EDUCATIONAL INITIATIVES OF A SUSTAINABLE COMMUNITY ON THE ISLAND OF JAMAICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sallie Mckinney Executive Director | Officer | 45 | $250,000 |
Paul Beirne Treasurer | OfficerTrustee | 1 | $0 |
Amelia Fawcett Chairman | OfficerTrustee | 1 | $0 |
Paul Pohl Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,445,997 |
| Noncash contributions included in lines 1a–1f | $15,172 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,445,997 |
| Total Program Service Revenue | $0 |
| Investment income | $39,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,042 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,565,428 |
| 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 | $8,902,142 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $297,902 |
| Compensation of current officers, directors, key employees. | $79,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,000 |
| Pension plan accruals and contributions | $2,400 |
| Other employee benefits | $7,068 |
| Payroll taxes | $18,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,753 |
| Fees for services: Accounting | $14,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,082 |
| Fees for services: Other | $2,058 |
| Advertising and promotion | $0 |
| Office expenses | $28,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,982 |
| Travel | $23,906 |
| 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 | $8,864 |
| All other expenses | $14,056 |
| Total functional expenses | $9,634,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,745 |
| Savings and temporary cash investments | $1,375,438 |
| Pledges and grants receivable | $855,720 |
| 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 | $0 |
| Investments—publicly traded securities | $364 |
| Investments—other securities | $64,811 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,400,078 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $51 |
| Deferred revenue | $0 |
| 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 | $51 |
| Unrestricted restricted net Assets | $1,544,307 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $855,720 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,400,027 |
Grants Awarded
Over the last fiscal year, The Prince Of Wales Foundation has awarded $45,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $25,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $10,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Prince Of Wales Foundation has recieved totaling $630,000.
| Awarding Organization | Amount |
|---|---|
David And Molly Pyott Foundation Avon, CO PURPOSE: CHILD DEVELOPMENT | $590,000 |
Jane Nicol Trust St Louis, MO PURPOSE: GENERAL SUPPORT | $30,000 |
Dart Group Foundation Inc Bethesda, MD PURPOSE: GENERAL USE | $10,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Center For Global Development Washington, DC | $65,777,264 | $14,319,773 |
Results For America Washington, DC | $34,611,584 | $37,342,488 |
Humanim Inc Columbia, MD | $20,769,725 | $20,890,295 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Senior Total Life Care Gastonia, NC | $7,534,285 | $22,491,131 |
Duke Integrated Network Inc Durham, NC | $2,381,377 | $12,476,427 |
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Community Legal Services Inc Philadelphia, PA | $20,694,601 | $20,774,549 |