John T And Jane A Wiederhold Foundation

The information for John T And Jane A Wiederhold Foundation is as of the organization's most recent filing in December '22. This organization is located in Torrington, CT. It has been in existence for 4 years, following its founding in 2018.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The John T And Jane A Wiederhold Foundation's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the John T And Jane A Wiederhold Foundation is to protect and improve the welfare of animals of all kinds, with a focus on cats and dogs. They also aim to promote veterinary programs and the protection of wildlife, including endangered species, flora, and fauna.

Program Areas

The organization's program area involves protecting and improving the welfare of animals, with a particular focus on cats and dogs. They also promote veterinary programs and work towards the protection of wildlife, including endangered species and various flora and fauna.

Board Governance

The John T and Jane A Wiederhold Foundation appears to be well-governed based on the provided information. The organization has a total of 8 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further enhances the organization's credibility and ensures that decisions are made in the best interest of the foundation's mission. The documentation of both board and committee meetings is a positive sign of transparency and accountability within the organization. This practice allows for clear records of discussions, decisions, and actions taken, ensuring that all members are well-informed and involved in the decision-making process. The presence of a conflict of interest policy, along with the requirement for disclosure of conflicts, demonstrates the foundation's commitment to ethical practices and avoiding any potential conflicts that may compromise its mission. Additionally, the existence of a written whistleblower policy and a document retention policy further highlights the organization's dedication to transparency and accountability. Although the information does not specify whether the foundation substantiates and reviews leadership and officer's salaries, the fact that the organization provides copies of the 990 to the board prior to filing indicates a commitment to financial transparency. Overall, the John T and Jane A Wiederhold Foundation appears to be well-governed, with strong policies and practices in place to ensure transparency, accountability, and the avoidance of conflicts of interest.

Grant History

Our dataset contains five years of grant history for the John T And Jane A Wiederhold Foundation. During this time, they have awarded a total of 121 grants, with an average check size of $49,025. On average, the organization awards 24 grants each year. The majority of their grants, 121 in total, were awarded in the Philanthropy, Voluntarism & Grantmaking Foundations sector. In terms of geographic distribution, the organization has awarded the most grants in the states of New York (40), Connecticut (48), and Massachusetts (24). They have also awarded a smaller number of grants in Maine (1), New Hampshire (2), Oregon (2), California (1), New Jersey (1), Ohio (1), and Florida (1).

Organization Growth

The John T And Jane A Wiederhold Foundation has experienced growth over the given time period. The organization's investment income increased from $1.4M in 2017 to $2.1M in 2022, indicating a positive trend. Additionally, their total revenue also increased from $1.4M to $2.1M over the same time period. This growth is further supported by the increase in grants paid, which rose from $657.3K to $1.0M. Furthermore, the total expenses of the foundation increased from $862.4K to $1.3M, suggesting that the organization has expanded its activities and operations. Overall, the nonprofit organization has demonstrated growth in various financial aspects over the given time period.