The White Horse Group Foundation Inc
- Assets
- $19.8m
- Revenue
- $1.9m
- Investments
- $17.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2005
- Data as of
- 12/2022
- EIN
- 20-0674318
Organization Overview
The White Horse Group Foundation Inc is located in Wilmington, DE. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. White Horse Group 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, White Horse Group Foundation Inc generated $1.9m 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 (11.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, White Horse Group Foundation Inc has awarded 39 individual grants totaling $1,776,538. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
TRAIL PROJECT: TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS BY BUILDING UPON EXISTING TRAIL NETWORKS AND EXTENDING NETWORKS TO CREATE A CONTINUOUS TRAIL LOOP IN KENNETT AREA
SCCON: TO ALLEVIATE POVERTY USING THE BRIDGES OUT OF POVERTY MODEL AND TO GATHER COMMUNITY MEMBERS AND LEADERS TOGETHER TO IDENTIFY AND ADDRESS KEY POVERTY ISSUES IN THE COMMUNITY
SUSTAINABLE COMMUNITY DEVELOPMENT: TO CREATE DIALOGUE IN KENNETT SQ AREA TO PROMOTE SOCIAL WELFARE, COMBAT COMMUNITY DETERIORATION & PROMOTE THRIVING FOR ALL KENNETT SQ RESIDNTS
RED CLAY PARK PROJECT: TO CREATE A PUBLIC PARK IN KENNETT SQ BORO WHICH WILL INCLUDE TRAILS & COMMON GATHERING SPACES. ITS DVLPMT WILL IMPROVE STORMWATER MGMT & STREAM RESTORATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Bontrager VP | 1 | $0 | |
J Michael Bontrager Pres, Dir, Sec | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Square Roots Holding Llc | 12/30/21 | $640,076 |
Penn Praxis | 12/30/21 | $50,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,658 |
| Dividends & Interest | $198,568 |
| Net Rental Income | $8,870 |
| Net Gain on Sale of Assets | $1,471,642 |
| Capital Gain Net Income | $1,466,914 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,413 |
| Total Revenue | $1,851,984 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,610 |
| Depreciation | $42,450 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $38,471 |
| Printing and publications | $635 |
| Other expenses | $271,170 |
| Total operating and administrative expenses | $912,395 |
| Contributions, gifts, grants paid | $515,931 |
| Total expenses and disbursements | $1,428,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,123 |
| Savings and temporary cash investments | $539,976 |
| Net Accounts receivable | $1,841 |
| 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 | $966,305 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,826,573 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $342,229 |
| Total assets | $19,844,634 |
| Accounts payable and accrued expenses | $4,555 |
| 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 | $8,839 |
| Total liabilities | $13,394 |
Grants Awarded
Over the last fiscal year, The White Horse Group Foundation Inc has awarded $515,931 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KENNETT COLLABORATIVE PURPOSE: GENERAL & UNRESTRICTED | $13,431 |
PRAXIS INC PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
WHEATON COLLEGE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |