Werth Family Foundation Inc
- Assets
- $9.9m
- Revenue
- $1.3m
- Investments
- $9.1m
- Employees
- 0
- Location
- Woodbridge, CT
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 80-0024133
Organization Overview
Werth Family Foundation Inc is located in Woodbridge, CT. The organization was established in 2002. 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. Werth Family 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 06/2022, Werth Family Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Werth Family Foundation Inc has awarded 115 individual grants totaling $8,725,294. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter J Werth Jr President | 0 | $0 | |
Peter J Werth III Treasurer | 0 | $0 | |
Deborah K Bachard Secretary | 0 | $0 | |
Jaqueline A Moore Director | 0 | $0 | |
Suzanne Werth Director | 0 | $0 | |
Dave Moore Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $213,462 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,104,407 |
| Capital Gain Net Income | $1,104,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,413 |
| Total Revenue | $1,332,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $16,851 |
| Taxes | $22,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $128,219 |
| Total operating and administrative expenses | $167,270 |
| Contributions, gifts, grants paid | $1,226,037 |
| Total expenses and disbursements | $1,393,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $803,731 |
| 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 | $674,434 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,870,720 |
| 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 | $76,056 |
| Total liabilities | $76,056 |
Grants Awarded
Over the last fiscal year, Werth Family Foundation Inc has awarded $1,022,224 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
BETHANY HISTORICAL SOCIETY PURPOSE: CHARITABLE | $5,000 |
HIMALAYA CURRENTS PURPOSE: CHARITABLE | $55,000 |
CARDINAL SHEHAN CENTER PURPOSE: CHARITABLE | $30,000 |
GATHER NEW HAVEN PURPOSE: CHARITABLE | $25,000 |
LITERACY VOLUNTEERS OF GNH PURPOSE: CHARITABLE | $30,000 |
SAVE OUR SOUND PURPOSE: CHARITABLE | $20,000 |