Simon W Wardwell Foundation
- Assets
- $17.7m
- Revenue
- $19.3m
- Investments
- $15.9m
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 04/2013
- Data as of
- 12/2023
- EIN
- 45-3697597
Organization Overview
Simon W Wardwell Foundation is located in Cranston, RI. The organization was established in 2013. According to its NTEE Classification (M11) the organization is classified as: Single Organization Support, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simon W Wardwell 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 12/2023, Simon W Wardwell Foundation generated $19.3m in total revenue.
Since 2021, Simon W Wardwell Foundation has awarded 52 individual grants totaling $3,063,808. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND ASSIST PROGRAMS IN THE AREAS OF CENTRAL FALLS, PAWTUCKET, CUMBERLAND, AND LINCOLN, RI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS FUNDED IN NOVEMBER OF 2020 AND THERE WERE NO DISTRIBUTIONS IN THE INITIAL FUNDING YEAR.ORGANIZATION WAS CREATED TO PROVIDE GRANTS, SUPPORT, ENDOWMENT AND ASSISTANCE TO, OR TO ENGAGE DIRECTLY IN ACTIVITIES THAT SUPPORT THE STUDYING, PLANNING, DESIGNING, ERECTING, CONSTRUCTING, ENHANCING, IMPROVING OR MODERNIZING THE OPERATIONS IN RHODE ISLAND'S PUBLIC SERVICES INCLUDING HOSPITALS AND HEALTH CARE FACILITIES, EDUCATIONAL INSTITUTIONS, NURSING HOMES ETC. IN THE AREAS OF CENTRAL FALLS, PAWTUCKET, CUMBERLAND, AND LINCOLN, RHODE ISLAND.
THE ORGANIZATION WAS FUNDED IN NOVEMBER OF 2020 AND THERE WERE NO DISTRIBUTIONS IN THE INITIAL FUNDING YEAR.ORGANIZATION WAS CREATED TO PROVIDE GRANTS, SUPPORT, ENDOWMENT AND ASSISTANCE TO, OR TO ENGAGE DIRECTLY IN ACTIVITIES THAT SUPPORT THE STUDYING, PLANNING, DESIGNING, ERECTING, CONSTRUCTING, ENHANCING, IMPROVING OR MODERNIZING THE OPERATIONS IN RHODE ISLAND'S PUBLIC SERVICES INCLUDING HOSPITALS AND HEALTH CARE FACILITIES, EDUCATIONAL INSTITUTIONS, NURSING HOMES ETC. IN THE AREAS OF CENTRAL FALLS, PAWTUCKET, CUMBERLAND, AND LINCOLN, RHODE ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred P Degen President & Treasurer | 10 | $14,000 | |
John J Partridge Vice President | 10 | $13,000 | |
David E Farnum Secretary | 5 | $14,000 | |
Maureen Sheridan Executive Director | 20 | $49,594 | |
Jessica Waters Director | 5 | $14,000 | |
Kathleen Orovitz Director | 5 | $14,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,528,883 |
| Interest on Savings | $19,129 |
| Dividends & Interest | $793,579 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$47,061 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,191 |
| Total Revenue | $19,297,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $118,594 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,318 |
| Depreciation | $0 |
| Occupancy | $3,345 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,834 |
| Total operating and administrative expenses | $343,903 |
| Contributions, gifts, grants paid | $1,237,644 |
| Total expenses and disbursements | $1,581,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,979 |
| Savings and temporary cash investments | $1,694,349 |
| 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 | $1,565,375 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,702,322 |
| 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, Simon W Wardwell Foundation has awarded $1,237,644 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF N RI PURPOSE: PROGRAM/PROJECT EXPENSE | $50,000 |
BOYS & GIRLS CLUB OF PAWTUCKET PURPOSE: PROGRAM/PROJECT EXPENSE | $106,000 |
CENTRAL FALLS CHILDRENS FOUNDATION PURPOSE: PROGRAM/PROJECT EXPENSE | $50,000 |
LITTLE SISTERS OF THE POOR PURPOSE: PROGRAM/PROJECT EXPENSE | $70,000 |
FRIENDS OF PAWTUCKET LIBRARY PURPOSE: PROGRAM/PROJECT EXPENSE | $100,000 |
ONE NEIGHBORHOOD BUILDERS PURPOSE: PROGRAM/PROJECT EXPENSE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Simon W Wardwell Foundation Cranston, RI | $17,702,322 | $19,297,721 |
Town Of Darien Firefighters Foundation Inc Darien, CT | $155,900 | $0 |
Cos Cob Volunteer Services Foundation Inc Cos Cob, CT | $1,171,887 | -$2,636 |
Quaker Hill Voluinteer Fire Service Benefit Association Quaker Hill, CT | $206,181 | $0 |
Guilford Police Benevolent Association Inc Guilford, CT | $18,494 | $0 |
Cromwell Fire Department Members Association Inc Cromwell, CT | $28,705 | $0 |
Friends Of The@boston Police Inc Natick, MA | $13,034 | $0 |
Barnstable Police Dog Foundation Cotuit, MA | $0 | $0 |