Essential Initiatives Inc
- Assets
- $895.1k
- Revenue
- $263.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bryn Mawr, PA
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 82-5049381
Organization Overview
Essential Initiatives Inc is located in Bryn Mawr, PA. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Essential Initiatives 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, Essential Initiatives Inc generated $263.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 66.9% each year .
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $263,024 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $263,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,578 |
| Total operating and administrative expenses | $47,578 |
| Contributions, gifts, grants paid | $55,710 |
| Total expenses and disbursements | $103,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $895,057 |
| 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 | $895,057 |
| 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, Essential Initiatives Inc has awarded $55,710 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: GRANT RECIPIENTS APPLY TO THE ASSISTANCE WITH THEIR UTILITY OBLIGATIONS THROUGH THE AQUAAID PROGRAM. RECIPIENTS ARE UNRELATED TO THE FOUNDATION MANAGER OR SUBSTANTIAL CONTRIBUTOR. | $10,010 |
TOGETHER WE CAN PURPOSE: GRANT TO TOGETHER WE CAN ORGANIZATION TO SUPPORT THE GOAL OF PROVIDING MEALS TO FAMILIES IN NEED. | $45,700 |