Wight Foundation
- Assets
- $12.0m
- Revenue
- $2.3m
- Investments
- $11.6m
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 22-2743349
Organization Overview
Wight Foundation is located in Newark, NJ. The organization was established in 1987. 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. Wight 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, Wight Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Wight Foundation has awarded 1,588 individual grants totaling $9,078,088. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Wight Trustee | 1 | $0 | |
Alfred Woods Trustee | 1 | $0 | |
James Adlam Trustee | 1 | $0 | |
Yvonne Goyins Trustee | 1 | $0 | |
Shakirah Miller-Harrington Trustee | 1 | $0 | |
Gwen Rukeyser Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $10,863 |
| Dividends & Interest | $322,061 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$49,581 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,283,343 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $634,384 |
| Pension plans, employee benefits | $115,983 |
| Interest | $0 |
| Taxes | $52,087 |
| Depreciation | $0 |
| Occupancy | $197,600 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $241,008 |
| Total operating and administrative expenses | $1,247,297 |
| Contributions, gifts, grants paid | $496,930 |
| Total expenses and disbursements | $1,744,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $400,180 |
| 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 | $15,475 |
| Total assets | $11,967,174 |
| 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, Wight Foundation has awarded $496,930 in support to 150 organizations.
| Grant Recipient | Amount |
|---|---|
A'KAYLA WILLIAMS PURPOSE: SCHOLARSHIPS FOR EDUCATION | $250 |
AHOEFA NANEVI PURPOSE: SCHOLARSHIPS FOR EDUCATION | $750 |
AIDAN SAINTE PURPOSE: SCHOLARSHIPS FOR EDUCATION | $2,075 |
ALEXANDRA BELTRAN PURPOSE: SCHOLARSHIPS FOR EDUCATION | $2,044 |
AISSAH PIERRE LOUIS PURPOSE: SCHOLARSHIPS FOR EDUCATION | $2,150 |
ALESSANDRA SALVE PURPOSE: SCHOLARSHIPS FOR EDUCATION | $3,000 |