Owens Family Charitable Foundation
- Assets
- $9.0m
- Revenue
- $478.1k
- Investments
- $8.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-4183686
Organization Overview
Owens Family Charitable Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owens Family Charitable 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, Owens Family Charitable Foundation generated $478.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $544.8k during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 8 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 2014, Owens Family Charitable Foundation has awarded 257 individual grants totaling $2,463,973. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Lynn Arola Dir | 1 | $1,500 | |
James M Bymark Dir, VP | 1 | $4,500 | |
Michael P Heck Dir | 1 | $3,000 | |
Edward J Matonich Dir | 1 | $0 | |
John R Ryan Jr Pres, Dir | 1 | $4,500 | |
Todd A Scaia Dir, Sec, Treas | 1 | $5,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,247 |
| Dividends & Interest | $393,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,797 |
| Capital Gain Net Income | $33,797 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48,711 |
| Total Revenue | $478,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,644 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $216 |
| Printing and publications | $0 |
| Other expenses | $38,658 |
| Total operating and administrative expenses | $134,897 |
| Contributions, gifts, grants paid | $409,926 |
| Total expenses and disbursements | $544,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $68,437 |
| 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 | $1,438,187 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,014,273 |
| 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, Owens Family Charitable Foundation has awarded $409,926 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION OF UNIVERSITY WOMEN INC PURPOSE: CHARITABLE EVENT | $3,000 |
CENTRAL MESABI MEDICAL FOUNDATION PURPOSE: CHARITABLE EVENT | $2,500 |
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI PURPOSE: CHARITABLE EVENT | $2,500 |
ARROWHEAD ECONOMIC OPPORTUNITY AGENCY INCORPORATED PURPOSE: THE HOMELESS SHELTER PROGRAM IN HIBBING, MN | $25,000 |
CENTRAL MESABI MEDICAL FOUNDATION PURPOSE: THE TERASON ULTRASOUND MACHINE FUND | $40,000 |
CHISHOLM PUBLIC SCHOOL DISTRICT PURPOSE: ALL SCHOLARSHIP FUND | $12,000 |