Wharton Foundation Inc
- Assets
- $3.0m
- Revenue
- $167.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- Flagstaff, AZ
- Founding
- 11/1957
- Data as of
- 06/2022
- EIN
- 36-6130748
Organization Overview
Wharton Foundation Inc is located in Flagstaff, AZ. The organization was established in 1957. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Wharton 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 06/2022, Wharton Foundation Inc generated $167.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $307.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wharton Foundation Inc has awarded 18 individual grants totaling $349,382. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Pettitt President | 30 | $86,837 | |
Jean W Pettitt Vice President | 5 | $0 | |
Jeff Edwards Treasurer | 5 | $0 | |
Deandra Peterson Secretary | 3 | $0 | |
Kerry Blume Director | 2 | $0 | |
William Pettitt Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $239 |
| Dividends & Interest | $70,282 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $96,852 |
| Capital Gain Net Income | $96,852 |
| Net ST Capital Gain | $8,274 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $167,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $86,837 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,519 |
| Total operating and administrative expenses | $172,020 |
| Contributions, gifts, grants paid | $135,312 |
| Total expenses and disbursements | $307,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,693 |
| 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 | $2,950,085 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,017,778 |
| 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 | $13,479 |
| Total liabilities | $13,479 |
Grants Awarded
Over the last fiscal year, Wharton Foundation Inc has awarded $135,312 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF NORTHERN ARIZONA PURPOSE: BOARD DESIGNATED FUND | $21,112 |
ANTI-DEFAMATION LEAGUE PURPOSE: BOARD DESIGNATED FUND | $1,000 |
GRAND CANYON YOUTH PURPOSE: BOARD DESIGNATED FUND | $1,000 |
CANDELEN PURPOSE: BOARD DESIGNATED FUND | $105,000 |
ROMANIA LEADERSHIP MINISTRIES PURPOSE: BOARD DESIGNATED FUND | $4,000 |
SCHOOL FOR SALONE PURPOSE: BOARD DESIGNATED FUND | $2,000 |