Wilpon Foundation Inc
- Assets
- $345.6k
- Revenue
- $1.8m
- Investments
- $6.0k
- Employees
- 0
- Location
- Great Neck, NY
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 11-2626618
Organization Overview
Wilpon Foundation Inc is located in Great Neck, NY. The organization was established in 1983. 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. Wilpon 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 12/2022, Wilpon Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wilpon Foundation Inc has awarded 12 individual grants totaling $1,991,666. 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 |
|---|---|---|---|
Fred Wilpon President | 0 | $0 | |
Judith Wilpon Director | 0 | $0 | |
Jeffrey Wilpon Director | 0 | $0 | |
Robin Wilpon Wachtler Director/secy/treas | 40 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,248,910 |
| Interest on Savings | $0 |
| Dividends & Interest | $6 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $510,974 |
| Total Revenue | $1,759,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $265,764 |
| Pension plans, employee benefits | $44,044 |
| Interest | $182 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $34,837 |
| Travel, conferences, and meetings | $47,709 |
| Printing and publications | $0 |
| Other expenses | $191,253 |
| Total operating and administrative expenses | $733,789 |
| Contributions, gifts, grants paid | $750,105 |
| Total expenses and disbursements | $1,483,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,731 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $40,800 |
| 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 | $4,000 |
| Total assets | $345,575 |
| Accounts payable and accrued expenses | $62,479 |
| 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 | $62,479 |
Grants Awarded
Over the last fiscal year, Wilpon Foundation Inc has awarded $1,991,666 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
QUEENS COLLEGE FOUNDATION PURPOSE: GENERALGENERAL | $166,666 |
BROWN RISD HILLEL PURPOSE: GENERALGENERAL | $40,000 |
CORNELL UNIVERSITY PURPOSE: IRENE AND MORRIS B KESSLER PRESIDENTIAL SCHOLARS PROGRAM; DEAN MICHAEL D JOHNSON SCHOLARSHIP; VETERINARY SCHOOLVETERINARY SCHOOL;KESSLER SCHOLARSHIPS; DEAN JOHNSON SCHOLARSHIVETERINARY SCHOOL; KESSLER SCHOLARSHIPS; DEAN JOHNSON SCHOLARSHIP | $20,000 |
PROJECT SUNSHINE PURPOSE: GENERAL2019 BENEFIT | $25,000 |
STFRANCIS COLLEGE PURPOSE: GENERAL | $300,000 |
PLAYWRIGHTS HORIZONS PURPOSE: GENERALGENERAL2 | $10,000 |