Utay Family Foundation
- Assets
- $2.8m
- Revenue
- -$129.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-4156036
Organization Overview
Utay Family Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Utay Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Utay Family Foundation has awarded 167 individual grants totaling $2,566,285. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Utay Dir | 1 | $0 | |
Eric Utay Dir | 1 | $0 | |
Marc A Utay Pres, Dir, Sec, Treas | 1 | $0 | |
Mindy Utay Vp, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,123 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$160,642 |
| Capital Gain Net Income | $486,415 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$129,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $130 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,986 |
| Total operating and administrative expenses | $15,116 |
| Contributions, gifts, grants paid | $228,500 |
| Total expenses and disbursements | $243,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,004,407 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,761,116 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $500,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $500,000 |
Grants Awarded
Over the last fiscal year, Utay Family Foundation has awarded $228,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COMMITTEE FOR THE WEIZMANN INSTITUTE OF S PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
MINOR MEMORIAL LIBRARY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
PROSTATE CANCER FOUNDATION PURPOSE: PRECISION ONCOLOGY CENTER FOR EXCELLENCE AT THE VA PHILADELPHIA | $225,000 |