Grace H Westerfield Tr Uw
- Assets
- $359.8k
- Revenue
- $11.5k
- Investments
- $240.1k
- Employees
- 0
- Location
- Camden, ME
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 01-6044199
Organization Overview
Grace H Westerfield Tr Uw is located in Camden, ME. The organization was established in 1997. 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. Grace H Westerfield Tr Uw 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, Grace H Westerfield Tr Uw generated $11.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $22.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Grace H Westerfield Tr Uw has awarded 24 individual grants totaling $151,414. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ACCORDANCE WITH THE WILL OF THE DECEDENT, INCOME EARNED ON THE INITIAL INVESTMENT ESTABLISHED BY THE WILL IS DISTRIBUTED IN EQUAL MEASURE TO 3 LOCAL ORGANIZATIONS: CAMDEN HEALTH CARE CENTER/QUARRY HILL (FORMERLY CAMDEN COMMUNITY HOSPITAL); CAMDEN PUBLIC LIBRARY OF CAMDEN, MAINE; AND PEN BAY WALDO HEALTHCARE FOUNDATION (FORMERLY KNOX COUNTY GENERAL HOSPITAL). THE DISTRIBUTIONS TO ALL THREE ORGANIZATIONS ARE GIVEN TO FUND THE GENERAL OPERATIONS OF EACH ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rendle A Jones ESQ Trustee's Agent | 0.25 | $2,841 | |
James G Elliot Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $277 |
| Dividends & Interest | $9,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,332 |
| Capital Gain Net Income | $1,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,113 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $328 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $383 |
| Total operating and administrative expenses | $7,074 |
| Contributions, gifts, grants paid | $14,950 |
| Total expenses and disbursements | $22,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,740 |
| Savings and temporary cash investments | $0 |
| 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 | $40,894 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $359,796 |
| 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, Grace H Westerfield Tr Uw has awarded $14,950 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CAMDEN HEALTH CARE CENTERQUARRY HI PURPOSE: GENERAL OPERATIONS | $5,550 |
CAMDEN PUBLIC LIBRARY PURPOSE: GENERAL OPERATIONS | $5,550 |
PEN BAY WALDO HEALTHCARE FOUNDATION PURPOSE: GENERAL OPERATIONS | $3,850 |