Blanche M And George L Watts Mountainside Community Foudation
- Assets
- $4.0m
- Revenue
- $352.6k
- Investments
- $3.9m
- Employees
- 0
- Location
- Westfield, NJ
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 20-2942228
Organization Overview
Blanche M And George L Watts Mountainside Community Foudation is located in Westfield, NJ. The organization was established in 2006. 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. Blanche M And George L Watts Mountainside Community Foudation 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, Blanche M And George L Watts Mountainside Community Foudation generated $352.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $347.6k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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 2014, Blanche M And George L Watts Mountainside Community Foudation has awarded 245 individual grants totaling $2,078,796. 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
PROVIDE PUBLIC SUPPORT THROUGH GRANTS AND SCHOLARSHIPS TO QUALIFYING ORGANIZATIONS AND STUDENTS IN NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Bradshaw President | 5 | $0 | |
Sue Winans Vice President | 2 | $0 | |
Dewey Moser Treasurer | 2 | $0 | |
Gina Perrotta Secretary | 2 | $0 | |
Tricia Yurochko Trustee | 2 | $0 | |
Mark Dipietro Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,488 |
| Dividends & Interest | $186,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $160,578 |
| Capital Gain Net Income | $160,578 |
| Net ST Capital Gain | $9,317 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $352,561 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $452 |
| Total operating and administrative expenses | $95,986 |
| Contributions, gifts, grants paid | $251,602 |
| Total expenses and disbursements | $347,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,788 |
| 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 | $3,986,136 |
| Accounts payable and accrued expenses | $2,850 |
| Grants payable | $14,363 |
| 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 | $17,213 |
Grants Awarded
Over the last fiscal year, Blanche M And George L Watts Mountainside Community Foudation has awarded $251,602 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
STEVENS INSTITUTE OF TECHNOLOGY PURPOSE: TUITION ASSISTANCE | $3,000 |
WILLIAM PATERSON UNIVERSITY PURPOSE: TUITION ASSISTANCE | $4,502 |
LOYOLA UNIVERSITY PURPOSE: TUITION ASSISTANCE | $5,000 |
IMAGINE PURPOSE: GENERAL OPERATING EXPENSE | $5,000 |
MOUNTAINSIDE POLICE DEPARTMENT PURPOSE: GENERAL OPERATING EXPENSE | $2,000 |
MOUNTAINSIDE FIRE DEPARTMENT PURPOSE: GENERAL OPERATING EXPENSE | $29,432 |