Adele & Harold J Westbrook Foundation Inc
- Assets
- $5.3m
- Revenue
- $3.1m
- Investments
- $4.9m
- Employees
- 0
- Location
- Kinnelon, NJ
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 57-1075664
Organization Overview
Adele & Harold J Westbrook Foundation Inc is located in Kinnelon, NJ. The organization was established in 1999. 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. Adele & Harold J Westbrook 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, Adele & Harold J Westbrook Foundation Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 45.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Adele & Harold J Westbrook Foundation Inc has awarded 311 individual grants totaling $3,759,532. 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 |
|---|---|---|---|
Charles J Westbrook Corporate Se | 35 | $55,200 | |
Edward J Westbrook President/tresu | 2 | $0 | |
Harold J Westbrook Vice President | 1 | $0 | |
Richard J Westbrook Vice President | 1 | $0 | |
Jessica Westbrook Board Member | 1 | $0 | |
Daniel Yates Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,288,271 |
| Interest on Savings | $12,137 |
| Dividends & Interest | $208,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $610,400 |
| Capital Gain Net Income | $610,400 |
| Net ST Capital Gain | $593,429 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,119,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,253 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,050 |
| Total operating and administrative expenses | $64,611 |
| Contributions, gifts, grants paid | $1,214,500 |
| Total expenses and disbursements | $1,279,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,830 |
| 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 | $5,254,658 |
| 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, Adele & Harold J Westbrook Foundation Inc has awarded $1,214,500 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
EVA'S VILLAGE PURPOSE: UNRESTRICTED | $3,000 |
WATER MISSION PURPOSE: UNRESTRICTED | $10,000 |
FARMERS HUNTERS PURPOSE: UNRESTRICTED | $3,000 |
GIVE BACK TO HUMANITY PURPOSE: UNRESTRICTED | $4,000 |
MERCY MEDICAL ANGELS PURPOSE: UNRESTRICTED | $3,000 |
SHELTER BOX USA PURPOSE: UNRESTRICTED | $10,000 |