Walter S Roberts Charitable Foundation Inc
- Assets
- $1.0m
- Revenue
- $240.0k
- Investments
- $755.2k
- Employees
- 0
- Location
- Montclair, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 87-4098833
Organization Overview
Walter S Roberts Charitable Foundation Inc is located in Montclair, NJ. 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. Walter S Roberts Charitable 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.
For the year ending 12/2022, Walter S Roberts Charitable Foundation Inc generated $240.0k 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 (51.1%) each year.
Since 2022, Walter S Roberts Charitable Foundation Inc has awarded 14 individual grants totaling $217,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION HAS BEEN ORGANIZED EXCLUSIVLY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, EDUCATIONAL AND LITERARY PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT AND PROVIDE SUPPORT FOR NEEDY INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADMINISTER AND RECIEVE FUNDS FOR EDUCATIONAL AND CHARITABLE PURPOSES.
THE FOUNDATION HAS BEEN ORGANIZED EXCLUSIVLY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, EDUCATIONAL AND LITERARY PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT AND PROVIDE SUPPORT FOR NEEDY INDIVIDUALS
N/A
N/A
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 |
|---|---|---|---|
Jeffrey Schechter Director | 5 | $0 | |
Cynthia Schechter Director | 5 | $0 | |
W Scott Roberts Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $486 |
| Dividends & Interest | $18,650 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$29,137 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $239,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $76 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,654 |
| Total operating and administrative expenses | $3,730 |
| Contributions, gifts, grants paid | $217,500 |
| Total expenses and disbursements | $221,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $259,938 |
| 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 | $1,015,177 |
| 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, Walter S Roberts Charitable Foundation Inc has awarded $217,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSN PURPOSE: TO IMPROVE TREATMENT, CARE AND PREVENTION OF ALZHEIMERS DISEASE | $85,000 |
ANIMAL RESCUE LEAGUE OF BOSTON PURPOSE: TO PROVIDE HEALTHCARE AND HABITATS FOR AMIMALS IN NEED | $7,500 |
BOYS AND GIRLS CLUB OF AMERICA PURPOSE: ENABLE YOUNG PEOPLE TO REACH THEIR FULL POTENTIAL | $20,000 |
CASH DONATIONS FOR INDIVIDUALS PURPOSE: TO PROVIDE ASSITANCE WITH MEALS | $7,500 |
FRESH AIR FUND PURPOSE: PROVIDE AN OPPORTUNITY FOR YOUNG PEOPLE TO LEARN, GROW, AND THRIVE | $7,500 |
FROST VALLEY YMCA PURPOSE: CAMP, RETREAT DESTINATION, AND ENVIRONMENTAL EDUCATION CENTER | $5,000 |