Armstrong World Industries Charitable Foundation
- Assets
- $9.9m
- Revenue
- $336.4k
- Investments
- $9.8m
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 06/1986
- Data as of
- 12/2023
- EIN
- 23-2387950
Organization Overview
Armstrong World Industries Charitable Foundation is located in Lancaster, PA. The organization was established in 1986. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armstrong World Industries Charitable 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 12/2023, Armstrong World Industries Charitable Foundation generated $336.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $629.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Armstrong World Industries Charitable Foundation has awarded 82 individual grants totaling $859,966. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARMSTRONG FOUNDATION CONTRIBUTES TO NUMEROUS CHARITABLE ORGANIZATIONS AND COLLEGES (SEE LIST OF CONTRIBUTIONS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Salena Coachman President | 0 | $0 | |
Jennifer Gaalswyk Director | 0 | $0 | |
Kelly Strunk Director | 0 | $0 | |
John Steller Director | 0 | $0 | |
Theresa Womble Director | 0 | $0 | |
Sally Kresge Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $269,304 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,046 |
| Capital Gain Net Income | $67,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $336,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,528 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,314 |
| Total operating and administrative expenses | $35,927 |
| Contributions, gifts, grants paid | $593,161 |
| Total expenses and disbursements | $629,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,581 |
| Savings and temporary cash investments | $0 |
| 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 | $9,823,180 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,898,761 |
| 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, Armstrong World Industries Charitable Foundation has awarded $598,561 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
THE PENNSYLVANIA STATE UN PURPOSE: IMPROVE QUALITY OF AMERICAN EDUCATIO | $100 |
THE SUSQUEHANNA CHORALE I PURPOSE: IMPROVE QUALITY OF LIFE IN COMMUNITI | $500 |
GEORGIA TECH FOUNDATION PURPOSE: IMPROVE QUALITY OF AMERICAN EDUCATIO | $100 |
THE SALVATION ARMY PURPOSE: IMPROVE QUALITY OF LIFE IN COMMUNITI | $250 |
NATIONAL MERIT SCHOLARSHIP PURPOSE: IMPROVE QUALITY OF AMERICAN EDUCATIO | $7,067 |
MOVEMBER FOUNDATION PURPOSE: IMPROVE QUALITY OF LIFE IN COMMUNITI | $50 |