The Crosswicks Foundation Inc
- Assets
- $743.1k
- Revenue
- $23.3k
- Investments
- $93.2k
- Employees
- 0
- Location
- Crosswicks, NJ
- Founding
- 05/1996
- Data as of
- 12/2023
- EIN
- 22-3406306
Organization Overview
The Crosswicks Foundation Inc is located in Crosswicks, NJ. The organization was established in 1996. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crosswicks 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 12/2023, Crosswicks Foundation Inc generated $23.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $75.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Crosswicks Foundation Inc has awarded 14 individual grants totaling $158,400. 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 B Brick President | 5 | $10,000 | |
Andrew Brick Secretary | 0 | $1,000 | |
William D Brick Treasurer | 0 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,723 |
| Dividends & Interest | $1,585 |
| Net Rental Income | -$39,715 |
| Net Gain on Sale of Assets | $14,927 |
| Capital Gain Net Income | $14,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $269 |
| Total Revenue | $23,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $79 |
| Depreciation | $27,062 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,380 |
| Total operating and administrative expenses | $60,243 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $75,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,794 |
| 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 | $608,691 |
| Other assets | $2,465 |
| Total assets | $743,142 |
| 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, The Crosswicks Foundation Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHESTERFIELD TWP HISTORICAL SOCIETY PURPOSE: MUSEUM RESTORATION | $5,000 |
CROSSWICKS MONTHLY MEETING PURPOSE: RESTORATION BULIDING EXTERIOR | $10,000 |