Wight Foundation
- Assets
- $11.4m
- Revenue
- $440.0k
- Investments
- $11.3m
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 01/1987
- Data as of
- 12/2021
- 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 12/2021, Wight Foundation generated $440.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Wight Foundation has awarded 1,438 individual grants totaling $8,581,158. 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
2021
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 |
|---|---|---|---|
Rhonda Auguste Executive Director | 40 | $210,279 | |
Amadi J Slaughter College Advisor | 40 | $58,123 | |
William D Wilson Step Director | 40 | $56,086 | |
Catherine Torres Office Manager | 40 | $52,495 | |
Daniel Rowe Recruitment Coordina | 40 | $51,826 | |
Alfred Woods Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,344 |
| Dividends & Interest | $168,867 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $260,782 |
| Capital Gain Net Income | $260,782 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $439,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $636,493 |
| Pension plans, employee benefits | $124,029 |
| Interest | $0 |
| Taxes | $45,901 |
| Depreciation | $0 |
| Occupancy | $189,424 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $224,262 |
| Total operating and administrative expenses | $1,222,451 |
| Contributions, gifts, grants paid | $473,170 |
| Total expenses and disbursements | $1,695,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,838 |
| 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 | $11,428,058 |
| 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 $473,170 in support to 142 organizations.
| Grant Recipient | Amount |
|---|---|
NATHANIEL WILSON PURPOSE: SCHOLARSHIPS FOR EDUCATION | $65,791 |
WEST NOTLINGHAM ACADEMY PURPOSE: SCHOLARSHIPS FOR EDUCATION | $41,500 |
PHILLIPS ACADEMY SUMMER SESSION PURPOSE: SCHOLARSHIPS FOR EDUCATION | $38,750 |
MAKE A WISH FOUNDATION PURPOSE: CHARITABLE ASSISTANCE | $20,000 |
OHIO WESLEGEN UNIVERSITY PURPOSE: SCHOLARSHIPS FOR EDUCATION | $13,052 |
SMART LLC PURPOSE: SCHOLARSHIPS FOR EDUCATION | $10,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |