Westervelt Charitable Tr Ua 06302000
- Assets
- $1.4m
- Revenue
- $49.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2009
- Data as of
- 06/2022
- EIN
- 59-7270530
Organization Overview
Westervelt Charitable Tr Ua 06302000 is located in Washington, DC. The organization was established in 2009. 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. Westervelt Charitable Tr Ua 06302000 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 06/2022, Westervelt Charitable Tr Ua 06302000 generated $49.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $69.2k during the year ending 06/2022. While expenses have increased by 4.7% 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 2015, Westervelt Charitable Tr Ua 06302000 has awarded 181 individual grants totaling $438,738. 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 |
|---|---|---|---|
Theron Westervelt Trustee | 2 | $0 | |
Letitia W Smith Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $38,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,900 |
| Capital Gain Net Income | $10,900 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $117 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,616 |
| Contributions, gifts, grants paid | $65,600 |
| Total expenses and disbursements | $69,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,853 |
| 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 | $287 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $108,267 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,353,954 |
| 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, Westervelt Charitable Tr Ua 06302000 has awarded $65,600 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Cabot, VT PURPOSE: GENERAL OPERATIONS | $14,800 |
Washington, DC PURPOSE: GENERAL OPERATIONS | $10,000 |
Los Angeles, CA PURPOSE: GENERAL OPERATIONS | $10,000 |
CAMBRIDGE IN AMERICA PURPOSE: GENERAL OPERATIONS | $5,000 |
PLANNED PARENTHOOD PURPOSE: GENERAL OPERATIONS | $5,000 |
UNITED CHURCH OF CABOT PURPOSE: GENERAL OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |
Sylvan C Herman Foundation Inc Washington, DC | $0 | $6,659,474 |
Naomi And Nehemiah Cohen Foundation Virginia Corporation Bethesda, MD | $106,455,928 | $12,590,743 |
Philip E And Carole R Ratcliffe Foundation Inc Annapolis, MD | $79,583,237 | $1,732,443 |
Robert W Deutsch Foundation Inc Baltimore, MD | $100,203,455 | $8,883,703 |
Osprey Foundation Inc Towson, MD | $44,691,331 | $9,367,079 |
Cornell Douglas Foundation Inc Bethesda, MD | $57,870,904 | $7,716,389 |