Waddell Foundation Inc
- Assets
- $770.3k
- Revenue
- $13.7k
- Investments
- $634.8k
- Employees
- 0
- Location
- Cambridge, MD
- Founding
- 01/1981
- Data as of
- 12/2023
- EIN
- 52-1166266
Organization Overview
Waddell Foundation Inc is located in Cambridge, MD. The organization was established in 1981. 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. Waddell 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 12/2023, Waddell Foundation Inc generated $13.7k 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 (15.4%) each year. All expenses for the organization totaled $51.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Waddell Foundation Inc has awarded 132 individual grants totaling $280,991. 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 |
|---|---|---|---|
J C Brooks President | 3 | $0 | |
Julia Moore Vice Preside | 1 | $0 | |
Laura A Cowin Secretary | 1 | $0 | |
Steven Adams Treasurer | 2 | $0 | |
Barbara Hubbard Director | 1 | $0 | |
G Philip Feldman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,858 |
| Dividends & Interest | $13,064 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,190 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72 |
| Total operating and administrative expenses | $7,275 |
| Contributions, gifts, grants paid | $44,500 |
| Total expenses and disbursements | $51,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $134,703 |
| 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 | $825 |
| Total assets | $770,308 |
| 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, Waddell Foundation Inc has awarded $44,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
FOUR ELEVEN KITCHEN INC PURPOSE: PINE ST GARDEN | $1,000 |
JAMES G BUSICK TENNIS FOUNDATION PURPOSE: COURT RESURFACE | $1,000 |
MID-SHORE COMMUNITY FOUNDATION INC PURPOSE: NEW CREATION MARCH UNIT FUND | $1,000 |
HABITAT FOR HUMANITY CHOPTANK PURPOSE: FUND PROGRAMS | $2,000 |
HARVESTING HOPE YOUTH & FAMILY SER PURPOSE: READING CAMBRIDGE & HURLOCK | $2,000 |
HARRIET'S HOUSE PURPOSE: PRIVATE FENCING AT REHAB LOCATION | $2,250 |