Wyman-Gordon Foundation
- Assets
- $6.5m
- Revenue
- $45.7k
- Investments
- $6.4m
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 12/1966
- Data as of
- 12/2022
- EIN
- 04-6142600
Organization Overview
Wyman-Gordon Foundation is located in Worcester, MA. The organization was established in 1966. 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. Wyman-Gordon 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 12/2022, Wyman-Gordon Foundation generated $45.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.2%) each year. All expenses for the organization totaled $436.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wyman-Gordon Foundation has awarded 199 individual grants totaling $1,750,050. 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 |
|---|---|---|---|
Wallace F Whitney Jr President | 1 | $6,000 | |
Warner S Fletcher Secretary | 1 | $6,000 | |
Sanjay Shah Treasurer | 1 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $107,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$62,456 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $593 |
| Total Revenue | $45,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,699 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $352 |
| Total operating and administrative expenses | $111,508 |
| Contributions, gifts, grants paid | $325,000 |
| Total expenses and disbursements | $436,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,806 |
| Savings and temporary cash investments | $18,069 |
| 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 | $6,441,304 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,545,179 |
| 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, Wyman-Gordon Foundation has awarded $325,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF CENTRAL MASSA PURPOSE: UNSOLICITED GRANT | $1,000 |
GIRLS INC OF WORCESTER PURPOSE: 2022 UNSOLICITED GRANT | $10,000 |
HORACE MANN EDUCATIONAL ASSOCIATES PURPOSE: SUPPORT THE MARANOOK ROAD PROJECT | $5,000 |
HEART OF NEW ENGLAND COUNCIL PURPOSE: UNSOLICITED GRANT | $1,000 |
HANOVER THEATRE AND CONSERVATORY FO PURPOSE: UNSOLICITED GRANT | $1,000 |
MECHANICS HALL PURPOSE: UNSOLICITED GRANT | $1,000 |