George C Wadleigh Foundation Inc
- Assets
- $19.8m
- Revenue
- $11.5m
- Investments
- $19.2m
- Employees
- 0
- Location
- Haverhill, MA
- Founding
- 10/1982
- Data as of
- 12/2023
- EIN
- 04-2720087
Organization Overview
George C Wadleigh Foundation Inc is located in Haverhill, MA. The organization was established in 1982. 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. George C Wadleigh 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 12/2023, George C Wadleigh Foundation Inc generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George C Wadleigh Foundation Inc has awarded 204 individual grants totaling $6,708,387. 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 |
|---|---|---|---|
Scott Cote Director | 1 | $1,200 | |
Charles Traver Director | 1 | $7,200 | |
Michael Hart Director | 1 | $1,000 | |
William Klueber Former Treasurer | 5 | $13,200 | |
Peter Carbone Vice President | 1 | $9,000 | |
Thomas Mortimer President | 1 | $7,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $75,897 |
| Dividends & Interest | $295,417 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,161,557 |
| Capital Gain Net Income | $11,161,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,532,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $161,791 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,440 |
| Total operating and administrative expenses | $301,356 |
| Contributions, gifts, grants paid | $768,685 |
| Total expenses and disbursements | $1,070,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $531,499 |
| Net Accounts receivable | $47,274 |
| 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 | $28,117 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,804,175 |
| Accounts payable and accrued expenses | $150,359 |
| 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 | $768,685 |
| Total liabilities | $919,044 |
Grants Awarded
Over the last fiscal year, George C Wadleigh Foundation Inc has awarded $908,250 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ANCHOR OF HOPE DIAPER BANK PURPOSE: CHARITABLE | $3,000 |
ALL SAINTS PARISH FOOD PANTRY PURPOSE: CHARITABLE | $14,410 |
BETHANY PURPOSE: CHARITABLE | $65,000 |
BREAD AND ROSES HOUSING INC PURPOSE: CHARITABLE | $50,000 |
COMMUNITY ACTION PURPOSE: CHARITABLE | $60,000 |
COMMON GROUND CAFE PURPOSE: CHARITABLE | $60,000 |