Walter And Pauline Calderwood Foundation
- Assets
- $742.7k
- Revenue
- $16.7k
- Investments
- $700.0k
- Employees
- 0
- Location
- Wells, ME
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-5416046
Organization Overview
Walter And Pauline Calderwood Foundation is located in Wells, ME. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walter And Pauline Calderwood 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, Walter And Pauline Calderwood Foundation generated $16.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $78.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Walter And Pauline Calderwood Foundation has awarded 205 individual grants totaling $603,897. 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 Program Activity:
Part 3 - Line 4a
THIS SCHOLARSHIP PROGRAM PROVIDES FINANCIAL SUPPORT TO QUALIFIED STUDENTS IN NEED OF FINANCIAL AID FOR THE PURPOSE OF ATTENDING A TWO OR FOUR YEAR COLLEGE OR UNIVERSITY AFTER GRADUATION FROM HIGH SCHOOL. EACH SCHOLARSHIP AWARD WILL RANGE IN AMOUNT FROM $3,000 TO $20,000. THE AMOUNT AWARDED TO ANY PARTICULAR STUDENT WILL DEPEND UPON THE STUDENT'S FINANCIAL NEED AND THE FOUNDATION'S EVALUATION OF THE STUDENT'S APPLICATION. AWARDS WILL BE GRANTED FOR UP TO FOUR YEARS PER STUDENT, SO LONG AS THE STUDENT REMAINS ENROLLED AS A FULL-TIME STUDENT IN AN ACCREDITED COLLEGE OR UNIVERSITY, MAINTAINS A SUFFICIENT GRADE POINT AVERAGE AND PROVIDES THE FOUNDATION WITH ANNUAL REPORTS REGARDING THE STUDENT'S ACADEMIC PROGRESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Garfield Trustee | 5 | $0 | |
James Garfield Trustee | 1 | $0 | |
Benjamin Garfield Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,399 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$696 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $222 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,329 |
| Total operating and administrative expenses | $5,036 |
| Contributions, gifts, grants paid | $73,147 |
| Total expenses and disbursements | $78,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,714 |
| 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 | $742,723 |
| 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, Walter And Pauline Calderwood Foundation has awarded $73,147 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALICIA DIAMANT PURPOSE: TO SUPPORT QUALIFIED STUDENTS IN NEED OF FINANCIAL AID FOR THE PURPOSE OF ATTENDING A TWO OR FOUR YEAR COLLEGE OR UNIVERSITY AFTER GRADUATION FROM HIGH SCHOOL. | $3,000 |
AMARA CARTIER PURPOSE: TO SUPPORT QUALIFIED STUDENTS IN NEED OF FINANCIAL AID FOR THE PURPOSE OF ATTENDING A TWO OR FOUR YEAR COLLEGE OR UNIVERSITY AFTER GRADUATION FROM HIGH SCHOOL. | $4,500 |
ANGELINA OROH PURPOSE: TO SUPPORT QUALIFIED STUDENTS IN NEED OF FINANCIAL AID FOR THE PURPOSE OF ATTENDING A TWO OR FOUR YEAR COLLEGE OR UNIVERSITY AFTER GRADUATION FROM HIGH SCHOOL. | $3,000 |
CIERA DEE PURPOSE: TO SUPPORT QUALIFIED STUDENTS IN NEED OF FINANCIAL AID FOR THE PURPOSE OF ATTENDING A TWO OR FOUR YEAR COLLEGE OR UNIVERSITY AFTER GRADUATION FROM HIGH SCHOOL. | $5,000 |
AMELIA ZHENG PURPOSE: TO SUPPORT QUALIFIED STUDENTS IN NEED OF FINANCIAL AID FOR THE PURPOSE OF ATTENDING A TWO OR FOUR YEAR COLLEGE OR UNIVERSITY AFTER GRADUATION FROM HIGH SCHOOL. | $3,000 |
JAMES BRACKETT PURPOSE: TO SUPPORT QUALIFIED STUDENTS IN NEED OF FINANCIAL AID FOR THE PURPOSE OF ATTENDING A TWO OR FOUR YEAR COLLEGE OR UNIVERSITY AFTER GRADUATION FROM HIGH SCHOOL. | $1,500 |