Dr Richard D Williams Foundation
- Assets
- $832.4k
- Revenue
- $41.8k
- Investments
- $764.2k
- Employees
- 0
- Location
- Palmerton, PA
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 52-6490235
Organization Overview
Dr Richard D Williams Foundation is located in Palmerton, PA. The organization was established in 1992. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Dr Richard D Williams 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, Dr Richard D Williams Foundation generated $41.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $133.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Dr Richard D Williams Foundation has awarded 24 individual grants totaling $350,830. 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
STUDENT TUITION FOR THE FOLLOWING COLLEGES & UNIVERSITIES: ROCHESTER MORAVIAN MARYWOOD DELAWARE VALLEY TEMPLE.
CONTRIBUTIONS OF 18,605 TO THE PALMERTON & SLATINGTON LIBRARIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,050 |
| Dividends & Interest | $36,702 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,300 |
| 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 | $1,170 |
| Total operating and administrative expenses | $23,518 |
| Contributions, gifts, grants paid | $109,928 |
| Total expenses and disbursements | $133,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,224 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $832,413 |
| 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, Dr Richard D Williams Foundation has awarded $109,928 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PALMERTON LIBRARY PURPOSE: EDUCATION | $18,605 |
CHARLES FLEISHMAN PURPOSE: EDUCATION | $14,750 |
SLATINGTON LIBRARY PURPOSE: EDUCATION | $18,605 |
MORGAN HOFFNER PURPOSE: EDUCATION | $16,450 |
ALEXIA MAKOS PURPOSE: EDUCATION | $17,473 |
HANNAH CITRON PURPOSE: EDUCATION | $13,295 |