Essex Avenue Foundation
- Assets
- $378.5m
- Revenue
- $128.8m
- Investments
- $322.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2021
- 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 12/2021, Essex Avenue Foundation generated $128.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.9%) each year.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
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 | |
Sophia Jenkins Dir | 1 | $0 | |
Michael Jenkins Dir | 1 | $0 | |
Elizabeth Lasorte Treas | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kleinberg Kaplan Wolff & Cohen Pc | 12/30/21 | $56,967 |
Foundation Source | 12/30/21 | $92,292 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $128,800,000 |
| Interest on Savings | $528 |
| 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 | $128,800,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $94,162 |
| Total operating and administrative expenses | $169,529 |
| Contributions, gifts, grants paid | $5,158,000 |
| Total expenses and disbursements | $5,327,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,182,999 |
| 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 | $322,300,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $378,482,999 |
| 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 $5,158,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Ithaca, NY PURPOSE: IN SUPPORT OF THE SAMUEL CURTIS JOHNSON GRADUATE SCHOOL OF MANAGEMENT AT CORNELL | $2,000,000 |
MEMORIAL SLOAN-KETTERING CANCER CENTER PURPOSE: IN SUPPORT OF DR. ANDREA CERCEK'S YOUNG ONSET DIGESTIVE CANCER RESEARCH EFFORTS AND IN SUPPORT OF DR. JAE PARK'S LEUKEMIA RESEARCH EFFORTS | $2,000,000 |
New York, NY PURPOSE: GENERAL & UNRESTRICTED | $1,000,000 |
New York, NY PURPOSE: IN SUPPORT OF THE PSOT SCHOLARSHIP FUND AND TRAINING FUND | $120,000 |
DOULA PROGRAM TO ACCOMPANY AND COMFORT INC PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
WETLANDS AND WILDLIFE CARE CENTER PURPOSE: GENERAL & UNRESTRICTED | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
F M Kirby Foundation Inc Morristown, NJ | $303,494,554 | $34,334,700 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Victoria Foundation Inc Newark, NJ | $335,393,283 | $24,137,337 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |