Earl And Kathryn Congdon Family Foundation
- Assets
- $70.2m
- Revenue
- $3.5m
- Investments
- $21.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-2962822
Organization Overview
Earl And Kathryn Congdon Family Foundation is located in Wilmington, DE. The organization was established in 2015. 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. Earl And Kathryn Congdon 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.
For the year ending 12/2022, Earl And Kathryn Congdon Family Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $8.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Earl And Kathryn Congdon Family Foundation has awarded 110 individual grants totaling $20,632,858. 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 |
|---|---|---|---|
Audrey L Congdon Dir, Sec | 1 | $0 | |
David S Congdon Pres, Dir, Treas | 1 | $0 | |
Earl Congdon Chair, Dir | 1 | $0 | |
Kathryn Congdon Dir, VP | 1 | $0 | |
Karen C Pigman Dir, VP | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Landmark Builders Inc | 12/30/22 | $8,834,338 |
Edcor Data Services Llc | 12/30/22 | $704,417 |
Barbour Spangle Design Group | 12/30/22 | $575,292 |
Louis Cherry Architecture Pllc | 12/30/22 | $174,792 |
Foundation Source | 12/30/22 | $121,811 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $999,619 |
| Interest on Savings | $37,653 |
| Dividends & Interest | $239,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,222,019 |
| Capital Gain Net Income | $3,181,686 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $75 |
| Total Revenue | $3,498,552 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $100,000 |
| Pension plans, employee benefits | $37,219 |
| Interest | $0 |
| Taxes | $314,837 |
| Depreciation | $732,262 |
| Occupancy | $7,200 |
| Travel, conferences, and meetings | $583 |
| Printing and publications | $0 |
| Other expenses | $180,006 |
| Total operating and administrative expenses | $2,643,800 |
| Contributions, gifts, grants paid | $5,870,949 |
| Total expenses and disbursements | $8,514,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,822,895 |
| 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 | $3,955,944 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $39,536,519 |
| Other assets | $3,500,000 |
| Total assets | $70,169,769 |
| 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, Earl And Kathryn Congdon Family Foundation has awarded $5,870,949 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION - NORTH CAROLINA PURPOSE: HEART MOBILE KITCHEN AND THREE MEALS A DAY INITIATIVES | $100,000 |
BOYS & GIRLS CLUB OF GREATER HIGH POINT INC PURPOSE: RANKIN MEMORIAL CHURCH PROPERTY CAMPAIGN (SEE GENERAL EXPLANATION) | $1,940,994 |
CHALLENGER LEARNING CENTER OF KENTUCKY INC PURPOSE: MODERNIZATION OPERATIONAL EXPENSES | $35,000 |
COLLEGE PREPARATORY & LEADERSHIP ACADEMY OF HIGH P PURPOSE: STEM LAB | $47,000 |
D-UP INC PURPOSE: GENERAL & UNRESTRICTED | $200,000 |
GO FAR PURPOSE: GENERAL & UNRESTRICTED | $40,000 |