Boatwright Foundation Inc
- Assets
- $1.5m
- Revenue
- $182.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Parsippany, NJ
- Founding
- 10/1981
- Data as of
- 12/2021
- EIN
- 13-3048884
Organization Overview
Boatwright Foundation Inc is located in Parsippany, NJ. The organization was established in 1981. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boatwright 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 12/2021, Boatwright Foundation Inc generated $182.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $157.6k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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.
Since 2015, Boatwright Foundation Inc has awarded 95 individual grants totaling $649,700. 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 |
|---|---|---|---|
Erik A Hanson Secretary/ Treasurer | 1 | $0 | |
James S Sligar Director | 1 | $0 | |
Jane Watson Stetson Vice President | 1 | $0 | |
Eugene W Stetson III President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $37,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $144,488 |
| Capital Gain Net Income | $144,488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $621 |
| Total Revenue | $182,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,217 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,703 |
| Total operating and administrative expenses | $27,620 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $157,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,599 |
| Savings and temporary cash investments | $0 |
| 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 | $1,034,726 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $756 |
| Total assets | $1,481,270 |
| 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, Boatwright Foundation Inc has awarded $130,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Florence, MA PURPOSE: GEN'L CONTRIBUTION | $35,000 |
ATLANTIC COUNCIL PURPOSE: GEN'L CONTRIBUTION | $20,000 |
THE ENVIRONMENTAL FILM FESTIVAL IN THE NATION'S CAPITAL PURPOSE: GEN'L CONTRIBUTION | $10,000 |
NATURE CONSERVANCY PURPOSE: GEN'L CONTRIBUTION | $10,000 |
DARTMOUTH-HITCHCOCK MEDICAL CENTER PURPOSE: GEN'L CONTRIBUTION | $10,000 |
POINTS NORTH INSTITUTE TO SUPPORT SHORTWELL DRIVE PURPOSE: GEN'L CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Junior Tennis League Inc Long Island City, NY | $15,745,055 | $13,403,069 |
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
South Jersey Aquatic Club Voorhees, NJ | $176,269 | $1,185,963 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Saltaire Yacht Club Inc Franklin Square, NY | $2,486,867 | $986,689 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |
Nomahegan Swim Club Westfield, NJ | $1,955,204 | $1,200,408 |
Usa Swimming Inc Wall, NJ | $576,031 | $866,958 |