Essex Avenue Foundation
- Assets
- $552.1m
- Revenue
- $114.9m
- Investments
- $474.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- EIN
- 85-1891431
Organization Overview
Essex Avenue Foundation is located in Wilmington, DE. 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. Essex Avenue 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, Essex Avenue Foundation generated $114.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.1%) each year.
Since 2021, Essex Avenue Foundation has awarded 131 individual grants totaling $46,027,752. 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 |
|---|---|---|---|
Valerie Crosswhite Sec | 20 | $0 | |
Ann Jenkins Dir, Pres | 10 | $0 | |
Greta Jenkins Dir | 1 | $0 | |
Leo Jenkins Dir | 1 | $0 | |
Michael Jenkins Dir | 1 | $0 | |
Sophia Jenkins Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/21 | $92,292 |
Kleinberg Kaplan Wolff & Cohen Pc | 12/30/21 | $56,967 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $113,000,000 |
| Interest on Savings | $1,461,972 |
| Dividends & Interest | $430,752 |
| 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 | $114,892,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $44 |
| Other expenses | $196,645 |
| Total operating and administrative expenses | $219,068 |
| Contributions, gifts, grants paid | $23,424,750 |
| Total expenses and disbursements | $23,643,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,870,888 |
| 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 | $458,800,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $552,099,185 |
| 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, Essex Avenue Foundation has awarded $23,424,750 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
ABORTION CARE NETWORK PURPOSE: KEEP OUR CLINICS FUND | $100,000 |
ALI FORNEY CENTER PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
ACTIVATE GLOBAL INC PURPOSE: ACTIVATE FELLOWSHIP PROGRAM | $250,000 |
AID FOR LIFE INTERNATIONAL INC PURPOSE: GENERAL & UNRESTRICTED | $150,000 |
ALLIANCE FOR A LIVING OCEAN PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
BIG INITIATIVES INCORPORATED PURPOSE: STREET TREE CARE FUND AND GENERAL SUPPORT | $250,000 |