W Parsons Todd Foundation Inc
- Assets
- $3.8m
- Revenue
- $29.6k
- Investments
- $3.3m
- Employees
- 0
- Location
- Ewing, NJ
- Founding
- 04/1959
- Data as of
- 12/2023
- EIN
- 13-6116488
Organization Overview
W Parsons Todd Foundation Inc is located in Ewing, NJ. The organization was established in 1959. 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. W Parsons Todd 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 12/2023, W Parsons Todd Foundation Inc generated $29.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $277.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, W Parsons Todd Foundation Inc has awarded 22 individual grants totaling $1,351,148. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin S Heller Trustee | 1 | $0 | |
Douglas A Propp Trustee | 1 | $0 | |
Rodney M Propp Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $145 |
| Dividends & Interest | $123,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$93,965 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $11,674 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,444 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,368 |
| Total operating and administrative expenses | $40,692 |
| Contributions, gifts, grants paid | $236,945 |
| Total expenses and disbursements | $277,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,190 |
| 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 | $0 |
| Net Land, buildings, and equipment | $254,976 |
| Other assets | $4,099 |
| Total assets | $3,785,339 |
| 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, W Parsons Todd Foundation Inc has awarded $236,945 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE REDEEMER PURPOSE: FOR OPERATING EXPENSES OF THE RECIPENT CHARITY | $3,000 |
MACCULLOCH HALL HISTORICAL MUSEUM PURPOSE: FOR OPERATING EXPENSES OF THE RECIPENT CHARITY | $233,445 |
FRIEND OF HISTORIC SPEEDWELL PURPOSE: FOR OPERATING EXPENSES OF THE RECIPENT CHARITY | $500 |