Abel-Weatherwax Foundation
- Assets
- $3.1m
- Revenue
- $118.2k
- Investments
- $3.0m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/2003
- Data as of
- 08/2023
- EIN
- 91-2146653
Organization Overview
Abel-Weatherwax Foundation is located in Pennington, NJ. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Abel-Weatherwax 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 08/2023, Abel-Weatherwax Foundation generated $118.2k 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 (23.6%) each year. All expenses for the organization totaled $207.1k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abel-Weatherwax Foundation has awarded 33 individual grants totaling $639,500. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,053 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,175 |
| Capital Gain Net Income | $54,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,513 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $165 |
| Total operating and administrative expenses | $40,563 |
| Contributions, gifts, grants paid | $166,500 |
| Total expenses and disbursements | $207,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $839 |
| Savings and temporary cash investments | $123,586 |
| 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 | $3,121,734 |
| 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, Abel-Weatherwax Foundation has awarded $166,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GOLDEN WEST COLLEGE FDN PURPOSE: UNRESTRICTED GENERAL | $5,000 |
TRABUCO HILLS CHEER BOOSTERS PEP SQUAD PURPOSE: UNRESTRICTED GENEERAL | $8,000 |
INTERNATIONAL OUTREACH MINISTRIES INC PURPOSE: UNRESTRICTED GENERAL | $8,000 |
UNIVERSITY OF PUGET SOUND PURPOSE: UNRESTRICTED GENERAL | $2,500 |
CITY OF FOUNTAIN VALLEY PURPOSE: UNRESTRICTED GENERAL | $10,000 |
GRAYS HARBOR COMMUNITY FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $122,500 |