Sbw Foundation
- Assets
- $455.6k
- Revenue
- $53.1k
- Investments
- $442.4k
- Employees
- 0
- Location
- Middletown, CT
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 20-0703467
Organization Overview
Sbw Foundation is located in Middletown, CT. The organization was established in 2004. 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. Sbw 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 12/2022, Sbw Foundation generated $53.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $76.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sbw Foundation has awarded 279 individual grants totaling $1,353,945. 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 |
|---|---|---|---|
William K Wasch Trustee | 1 | $0 | |
Christina Wasch Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $12,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,948 |
| Capital Gain Net Income | $37,948 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,203 |
| Total Revenue | $53,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $185 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $317 |
| Total operating and administrative expenses | $7,994 |
| Contributions, gifts, grants paid | $68,400 |
| Total expenses and disbursements | $76,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,126 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $455,564 |
| 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, Sbw Foundation has awarded $68,400 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE HOLY TRINITY PURPOSE: FURTHER PURPOSE OF RELIGIOUS INSTITUTION | $18,152 |
CENTRAL CONNECTICUT ROWING INC PURPOSE: TO PROMOTE ROWINGIN THE COMMUNITY | $5,500 |
CT PUBLIC BROADCASTING NETWORK PURPOSE: FURTHER PURPOSE OF PUBLIC BROADCASTING | $400 |
COMMUNITY FOUNDATION OF MIDDLESEX COUNTY PURPOSE: TO SUPPORT SOCIAL ANDENVIRONMENTAL JUSTICE | $1,000 |
CT RIVER CONSERVANCY PURPOSE: TO PRESERVE THECT RIVER AND ITS TRIBUTARIES | $3,500 |
HOMEFRONT PURPOSE: TO FUND HOMELESSNESSPREVENTION PROGRAMS | $7,500 |