Wyomissing Foundation Inc
- Assets
- $33.1m
- Revenue
- $2.0m
- Investments
- $30.9m
- Employees
- 0
- Location
- Wyomissing, PA
- Founding
- 12/1957
- Data as of
- 12/2022
- EIN
- 23-1980570
Organization Overview
Wyomissing Foundation Inc is located in Wyomissing, PA. The organization was established in 1957. 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. Wyomissing 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 12/2022, Wyomissing Foundation Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wyomissing Foundation Inc has awarded 369 individual grants totaling $12,562,201. 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
NOT APPLICABLE - QUALIFYING DISTRIBUTIONS ARE MADE TO VARIOUS GRANTEE ORGANIZATIONS WHICH HELP TO ACCOMPLISH THE GRANTEE ORGANIZATION'S CHARITABLE, EDUCATIONAL, OR SIMILAR EXEMPT PURPOSE. QUALIFYING DISTRIBUTIONS ARE NOT USED BY THE FOUNDATION ITSELF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Giles President | 36 | $97,330 | |
Mary Kargbo Chairperson | 2 | $0 | |
Andrew Buckman Vice Chairperson | 2 | $0 | |
Tod Aumann Treasurer | 2 | $0 | |
Timothy Lake Secretary | 2 | $0 | |
Lenin Agudo Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $427,974 |
| Net Rental Income | -$23,007 |
| Net Gain on Sale of Assets | $1,514,603 |
| Capital Gain Net Income | $1,514,603 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,013 |
| Total Revenue | $1,976,590 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,000 |
| Other employee salaries and wages | $217,467 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78,501 |
| Depreciation | $8,520 |
| Occupancy | $32,082 |
| Travel, conferences, and meetings | $8,334 |
| Printing and publications | $0 |
| Other expenses | $79,594 |
| Total operating and administrative expenses | $622,311 |
| Contributions, gifts, grants paid | $1,493,465 |
| Total expenses and disbursements | $2,115,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,832 |
| Savings and temporary cash investments | $776,424 |
| 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 | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,421 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $27,076,210 |
| Net Land, buildings, and equipment | $273,868 |
| Other assets | $9,000 |
| Total assets | $33,056,679 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $246,865 |
| 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 | $246,865 |
Grants Awarded
Over the last fiscal year, Wyomissing Foundation Inc has awarded $2,801,606 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS4BIKES PURPOSE: FAMILY SMALL GRANT PROGRAM | $15,000 |
ALBRIGHT COLLEGE PURPOSE: COMMUNITY DEVELOPMENT GRANT - 13TH STREET | $50,000 |
ALVERNIA UNIVERSITY PURPOSE: CAPITAL CAMPAIGN | $100,000 |
BARRIO ALEGRIA PURPOSE: COMMUNITY DEVELOPMENT GRANTS - READING IRON NEIGHBORS | $5,000 |
BARRIO ALEGRIA PURPOSE: COMMUNITY DEVELOPMENT GRANTS - FINANCIAL LITERACY PROGRAM | $10,000 |
BARRIO ALEGRIA PURPOSE: STRATEGIC INITIATIVE | $71,500 |