Wake Family Charitable Foundation
- Assets
- $2.1m
- Revenue
- $209.5k
- Investments
- $2.0m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 81-1684715
Organization Overview
Wake Family Charitable Foundation is located in Pennington, NJ. The organization was established in 2016. 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. Wake Family Charitable 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, Wake Family Charitable Foundation generated $209.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $880.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wake Family Charitable Foundation has awarded 58 individual grants totaling $1,646,096. 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 |
|---|---|---|---|
Harold E Wake President | 4 | $0 | |
George H Wake Vice President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $157,242 |
| Capital Gain Net Income | $157,242 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,122 |
| Total Revenue | $209,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,352 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,266 |
| Total operating and administrative expenses | $41,352 |
| Contributions, gifts, grants paid | $839,096 |
| Total expenses and disbursements | $880,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408 |
| Savings and temporary cash investments | $49,052 |
| 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 | $2,072,111 |
| 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, Wake Family Charitable Foundation has awarded $839,096 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: UNRESTRICTED GENERAL | $15,000 |
MINERVA FREE LIBRARY PURPOSE: UNRESTRICTED GENERAL | $50,000 |
COMMUNITY CHURCH OF SHERMAN NY PURPOSE: UNRESTRICTED GENERAL | $10,000 |
CHATAUQUA REGION COMMUNITY FDN INC PURPOSE: UNRESTRICTED GENERAL | $45,000 |
VILLAGE OF SHERMAN PURPOSE: GEORGE D EDMUNDS MEMORIAL | $109,096 |
YOUNG AMERICA'S FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $10,000 |