Walter And Edward Bolanowski Foundation
- Assets
- $23.2k
- Revenue
- $1.5k
- Investments
- $18.0k
- Employees
- 0
- Location
- Ellicott City, MD
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 52-2204889
Organization Overview
Walter And Edward Bolanowski Foundation is located in Ellicott City, MD. The organization was established in 2000. 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. Walter And Edward Bolanowski 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 Edward Bolanowski Foundation generated $1.5k 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 (23.1%) each year. All expenses for the organization totaled $23.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Walter And Edward Bolanowski Foundation has awarded 30 individual grants totaling $813,766. 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
FINANCIAL SUPPORT GIVEN TO THE SPARROW FUND, A PUBLIC CHARITY.
FINANCIAL SUPPORT GIVEN TO FELLOWSHIP OF CHRISTIAN ATHLETES, A PUBLIC CHARITY
FINANCIAL SUPPORT GIVEN TO PRIORITY ONE, A PUBLIC CHARITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Newton B Hetrick President | 1 | $0 | |
Jeffrey D Ring Vice Pres. | 1 | $0 | |
Claire N Hetrick Sec/treas. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $1,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $389 |
| Capital Gain Net Income | $389 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $460 |
| Total operating and administrative expenses | $2,322 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $23,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,190 |
| 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 | $17,986 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,176 |
| 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 Edward Bolanowski Foundation has awarded $21,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PRIORITY ONE FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $1,000 |
THE SPARROW FUND PURPOSE: TO SUPPORT THE WORK OF THE SPARROW FUND AS THEY HELP FAMILIES AND CAREGIVERS WITH FOSTER CARE AND ADOPTION. | $10,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: TO SUPPORT THE WORK OF FCA IN THEIR WORK TO PRESENT THE GOSPEL TO COACHES AND ATHLETES AROUND THE WORLD. | $10,000 |