David P Wheatland Char Tr
- Assets
- $13.5m
- Revenue
- $5.9m
- Investments
- $12.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1994
- Data as of
- 12/2023
- EIN
- 04-6744379
Organization Overview
David P Wheatland Char Tr is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. David P Wheatland Char Tr 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, David P Wheatland Char Tr generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.3% each year . All expenses for the organization totaled $448.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David P Wheatland Char Tr has awarded 44 individual grants totaling $3,675,035. 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 |
|---|---|---|---|
Anne S Biglow Trustee | 1 | $0 | |
Melissa S Conover Trustee | 1 | $0 | |
Martha W Lunt Trustee | 1 | $0 | |
Peter O Stauffer Trustee | 1 | $0 | |
Rebecca Wheatland Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,088 |
| Dividends & Interest | $346,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,507,756 |
| Capital Gain Net Income | $5,507,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,885,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $193 |
| Total operating and administrative expenses | $90,268 |
| Contributions, gifts, grants paid | $358,191 |
| Total expenses and disbursements | $448,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $743,402 |
| 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 | $1,670,870 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,479,891 |
| 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, David P Wheatland Char Tr has awarded $358,191 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALDER PLANTARIUM PURPOSE: PARTIAL STORAGE CABINET REPLACEMENT PROJECT | $50,000 |
MID PENNINSULA HIGH SCHOOL PURPOSE: DESIGN AND DEVELOPMENT AND CONSTRUCTION DOCUMENT PHASE FOR MAKERSPACE | $30,000 |
PEABODY ESSEX MUSEUM PURPOSE: REPAINTING OF THREE SEPARATE CEILINGS, GRAIN PAINTING OF THREE EXTERIOR DOORS, ADA COMPLIANCE AND FASIBILITY STUDY | $75,000 |
HOUGHTON LIBRARY PURPOSE: SEVEN GIOVANNI DOMENICO CASSINI RARE WORKS | $65,000 |
NEW ENGLAND AQUARIUM PURPOSE: REPLACE THE RESCUE REHAB OZONE GENERATOR | $60,000 |
LOVELANE PURPOSE: 4 LARGE COMMERCIAL GRADE FANS, THERAPY MEETING ROOM | $46,691 |