William H Chapman Foundation
- Assets
- $1.4m
- Revenue
- $238.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- New London, CT
- Founding
- 04/1972
- Data as of
- 03/2024
- EIN
- 06-6034290
Organization Overview
William H Chapman Foundation is located in New London, CT. The organization was established in 1972. 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. William H Chapman 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 03/2024, William H Chapman Foundation generated $238.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $311.0k during the year ending 03/2024. While expenses have increased by 6.0% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO POST HIGH SCHOOL STUDENTS FOR HIGHER EDUCATION. ALL STUDENTS ARE NEW LONDON COUNTY,CT RESIDENTS WITH A FINANCIAL NEED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delia Foye Trustee | 0.5 | $0 | |
Caroline Driscoll Secretary | 4 | $29,823 | |
Deborah Weller Treasurer | 1 | $0 | |
Carole Cone President | 0.5 | $0 | |
Michael James Trustee | 0.5 | $0 | |
Cynthia White Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $3,503 |
| Dividends & Interest | $161,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,918 |
| Capital Gain Net Income | $59,918 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,756 |
| Total Revenue | $238,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,823 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,410 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $666 |
| Printing and publications | $0 |
| Other expenses | $737 |
| Total operating and administrative expenses | $61,394 |
| Contributions, gifts, grants paid | $249,600 |
| Total expenses and disbursements | $310,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,349 |
| Savings and temporary cash investments | $45,068 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,363,388 |
| 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 | $849 |
| Total liabilities | $849 |