Crestlea Foundation Inc
- Assets
- $19.2m
- Revenue
- $854.7k
- Investments
- $19.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/1957
- Data as of
- 12/2022
- EIN
- 51-6015638
Organization Overview
Crestlea Foundation Inc is located in Wilmington, DE. The organization was established in 1957. 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. Crestlea Foundation Inc 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, Crestlea Foundation Inc generated $854.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $639.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Crestlea Foundation Inc has awarded 281 individual grants totaling $5,163,184. 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 |
|---|---|---|---|
E Bradford Du Pont Jr President | 1 | $0 | |
M Lynne Du Pont Vice President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glenmede | 12/30/21 | $55,773 |
Wilmington Trust | 12/30/21 | $50,618 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,601 |
| Dividends & Interest | $428,351 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $422,774 |
| Capital Gain Net Income | $422,774 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $854,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $91,667 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,497 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,379 |
| Total operating and administrative expenses | $247,435 |
| Contributions, gifts, grants paid | $392,454 |
| Total expenses and disbursements | $639,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,096 |
| Savings and temporary cash investments | $0 |
| 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 | $2,760,277 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,206,313 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $15,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,227 |
| Total liabilities | $16,227 |
Grants Awarded
Over the last fiscal year, Crestlea Foundation Inc has awarded $377,454 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
1 IN 7B FOUNDATION PURPOSE: PICKUP TRUCK IN PULL 1 IN 7B TRAILERS | $30,000 |
ALL 4 PAWS RESCUE PURPOSE: COMMERCIAL BREEDING DOG RESCUE EFFORTS | $30,000 |
ACADEMIA ANTONIA ALONSO CHARTER SCHOOL PURPOSE: AAACS: SAFETY IMPROVEMENTS | $30,000 |
BOYS & GIRLS CLUB OF DELAWARE PURPOSE: TRIPLE PLAY TRAINING CENTER | $15,000 |
BRANDYWINE RED CLAY ALLIANCE PURPOSE: MERGER OF BRC AND TLC | $25,000 |
BRINGING HOPE HOME INC PURPOSE: LIGHT OF HOPE FAMILY PROGRAM | $15,000 |