705 Walnut Avenue Foundation Inc
- Assets
- $2.3m
- Revenue
- $325.1k
- Investments
- $2.2m
- Employees
- 0
- Location
- Newtown Square, PA
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-4608778
Organization Overview
705 Walnut Avenue Foundation Inc is located in Newtown Square, PA. The organization was established in 2017. 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. 705 Walnut Avenue 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.
Since 2020, 705 Walnut Avenue Foundation Inc has awarded 17 individual grants totaling $212,000. 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 |
|---|---|---|---|
Caren Irons President / Dir | 5 | $0 | |
Charlene Kurtz Sec / Dir | 5 | $0 | |
Elisabeth Naughton VP / Treas / Dir | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,338 |
| Dividends & Interest | $86,912 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $236,885 |
| Capital Gain Net Income | $233,327 |
| Net ST Capital Gain | $3,558 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $325,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,058 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,432 |
| Total operating and administrative expenses | $32,020 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $177,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,743 |
| Savings and temporary cash investments | $53,096 |
| 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 | $993 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,623,478 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,304,173 |
| Accounts payable and accrued expenses | $42,638 |
| 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 | $42,638 |
Grants Awarded
Over the last fiscal year, 705 Walnut Avenue Foundation Inc has awarded $145,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Syracuse, NY PURPOSE: SCHOLARSHIPSFOR STUDENTS WHOMEET QUALIFICATIONS | $65,000 |
MANCHESTER SCHOOL DISTRICT PURPOSE: CONYTRIBUTION TO SUPPORT THE SCHOOL ACTIVITIES | $20,000 |
Geneseo, NY PURPOSE: CONTRIBUTION TO PROVIDE COMMUNITYSERVICES | $20,000 |
Malvern, PA PURPOSE: SCHOLARSHIPS FOR STUDENTS WHOMEET QUALIFICATIONS | $20,000 |
CENTRAL NY CAT COALITION PURPOSE: CONTRIBUTION TO SUPPORT THE COALITION ACTIVITIES | $10,000 |
North Syracuse, NY PURPOSE: CONTRIBUTION TOSUPPORT THE RESCUE ACTIVITIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |