Joseph R Takats Foundation
- Assets
- $2.4m
- Revenue
- $91.0k
- Investments
- $2.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/1978
- Data as of
- 12/2023
- EIN
- 16-1098026
Organization Overview
Joseph R Takats Foundation is located in Wilmington, DE. The organization was established in 1978. 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. Joseph R Takats 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 12/2023, Joseph R Takats Foundation generated $91.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $190.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Joseph R Takats Foundation has awarded 511 individual grants totaling $581,400. 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 |
|---|---|---|---|
Joseph R Takats III Trustee | 1 | $0 | |
Lee A Takats Trustee | 1 | $0 | |
Maura Lynn Leavitt Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,848 |
| Capital Gain Net Income | $25,848 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,771 |
| Total Revenue | $91,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,637 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,605 |
| Total operating and administrative expenses | $58,183 |
| Contributions, gifts, grants paid | $132,200 |
| Total expenses and disbursements | $190,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,639 |
| 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 | $940,928 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,358,913 |
| 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, Joseph R Takats Foundation has awarded $132,200 in support to 123 organizations.
| Grant Recipient | Amount |
|---|---|
AHIRA HALL MEMORIAL LIBRARY PURPOSE: EDUCATIONAL PURPOSES | $500 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION OF WNY PURPOSE: ALZHEIMER'S DISEASE CARE, SUPPORT, AND RESARCH | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT CANCER PATIENTS AND RESEARCH | $1,000 |
AMERICAN HEART ASSOCIATION OF WNY PURPOSE: CARDIOVASCULAR MEDICAL RESEARCH | $2,000 |
AMERICAN DIABETES ASSOCIATION OF WNY PURPOSE: DIABETES RESEARCH TO MANAGE, CURE, AND PREVENT DIABETES | $1,000 |
AMERICAN LUNG ASSOCIATION OF WESTERN NY INC PURPOSE: IMPROVING LUNG HEALTH AND PREVENTING LUNG DISEASE | $850 |