Ernest L Sweet & Mildred Roberts Sweet Foundation
- Assets
- $3.3m
- Revenue
- $395.4k
- Investments
- $3.2m
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 22-6408974
Organization Overview
Ernest L Sweet & Mildred Roberts Sweet Foundation is located in Wellsboro, PA. The organization was established in 1986. 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. Ernest L Sweet & Mildred Roberts Sweet 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, Ernest L Sweet & Mildred Roberts Sweet Foundation generated $395.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $182.4k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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 2015, Ernest L Sweet & Mildred Roberts Sweet Foundation has awarded 113 individual grants totaling $859,501. 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
THE ORGANIZATION PRIMARILY BENEFITS THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF 501(C)(3) ORGANIZATIONS IN THE WELLSBORO PA AREA. DIRECTORS ARE APPOINTED TO THE BOARD OF THE ERNEST L. & MILDRED
ROBERTS SWEET FOUNDATION BY SPECIFIC WELLSBORO PA 501(C)(3) AND GOVERNMENTAL ORGANIZATIONS. THE ORGANIZATIONS THAT APPOINT DIRECTORS TO THE BOARD OF THE SWEET FOUNDATION EITHER CONDUCT OR
OVERSEE THE CHARITABLE ACTIVITIES FUNDED BY THE SWEET FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 10 | $33,292 | |
Rev Michael Birbeck Minister Of 1st Presb Ch Of Wellsboro | 1 | $0 | |
Dr Brenda Freeman Wasd Superintendent | 1 | $0 | |
Amy Wood Trustee | 1 | $0 | |
Shawn Bryant Bd Member Chamber Of Commerce | 1 | $0 | |
Julie Vanness Exec Dir Chamber Of Commerce | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $101,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $294,124 |
| Capital Gain Net Income | $294,124 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $395,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,292 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,095 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7 |
| Total operating and administrative expenses | $39,364 |
| Contributions, gifts, grants paid | $143,017 |
| Total expenses and disbursements | $182,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $153,496 |
| 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 | $376,072 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,310,049 |
| 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, Ernest L Sweet & Mildred Roberts Sweet Foundation has awarded $143,017 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH OF WELLSBORO PURPOSE: REPAIRS TO RAILINGSSTAINED GLASSAND NEW ELEVATOR | $60,000 |
WELLSBORO ELEMENTARY SCHOOL PARENT TEACHER ORGANIZATION PURPOSE: WASD ELEMENTARYPLAYGROUND PROJECT | $20,000 |
TIOGA COUNTY HOMELESS INITIATIVE PURPOSE: HOMELESS SHELTERPROJECT | $12,500 |
Wellsboro, PA PURPOSE: MARSH CREEKGREENWAY EXTENSION | $12,500 |
TIOGA COUNTY AGRICULTURAL ASSOCIATION INC PURPOSE: HANDICAPPEDWALKWAY | $12,000 |
Wellsboro, PA PURPOSE: MAINTENANCE OFHISTORIC ELM TREEIN FRONT OF COURTHOUSE | $5,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |