N C Wyeth Research Foundation And Reading Libraries Inc
- Assets
- $4.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Cumberland Foreside, ME
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-3950221
Organization Overview
N C Wyeth Research Foundation And Reading Libraries Inc is located in Cumberland Foreside, ME. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. N C Wyeth Research Foundation And Reading Libraries 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, N C Wyeth Research Foundation And Reading Libraries Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $391.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTIAL ACQUISITION OF A COLLECTION OF N.C. WYETH BOOKS PRINTS MAGAZINES FLAT FILE EPHEMERA CALENDARS POSTERS PHOTOGRAPHS MANUSCRIPTS LETTERS AND OTHER PAPER ARTWORKS AND EFFECTS THAT WILL BE PLACED ON PUBLIC DISPLAY TO EDUCATE STUDENTS OF AMERICAN ART ILLUSTRATION AND HISTORY ON THE SIGNIFICANCE OF THE LIFE AND TIMES OF N.C. WYETH THE PATRIARCH OF AMERICAS FIRST FAMILY OF ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Bean President Treasurer Director | 4 | $0 | |
Benjamin Lombard Clerk | 1 | $0 | |
Christopher Long Director | 1 | $0 | |
Veronika Carlson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,164,720 |
| Interest on Savings | $79 |
| 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 | $77,379 |
| Other Income | $3,605 |
| Total Revenue | $1,245,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $129,372 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,859 |
| Depreciation | $0 |
| Occupancy | $82,049 |
| Travel, conferences, and meetings | $5,117 |
| Printing and publications | $0 |
| Other expenses | $65,450 |
| Total operating and administrative expenses | $371,193 |
| Contributions, gifts, grants paid | $20,100 |
| Total expenses and disbursements | $391,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,347 |
| 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 | $78,697 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,143,823 |
| Other assets | $629,524 |
| Total assets | $4,904,391 |
| 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, N C Wyeth Research Foundation And Reading Libraries Inc has awarded $20,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAINE HISTORICAL SOCIETY PURPOSE: GIFT TO SPONSOR GALA EVENT | $20,000 |
MAINE LOBSTER ASSOCIATION PURPOSE: CASH DONATION TO ORGANIZATION | $100 |