Willow Grove Foundation
- Assets
- $263.8k
- Revenue
- $75.3k
- Investments
- $262.8k
- Employees
- 0
- Location
- Jenkintown, PA
- Founding
- 12/2000
- Data as of
- 06/2018
- EIN
- 23-3002286
Organization Overview
Willow Grove Foundation is located in Jenkintown, PA. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 06/2018, Willow Grove Foundation generated $75.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.3% each year . All expenses for the organization totaled $256.7k during the year ending 06/2018. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles F Kremp 3rd Chairman | 1 | $0 | |
Laura Kremp Executive Director | 3 | $10,000 | |
Senator Stewart J Greenleaf Director | 1 | $0 | |
Shirley M Dennis Director | 1 | $0 | |
William B Weihenmayer Vice Chairman | 1 | $0 | |
Frederick A Marcell Jr Director/secretary/treas. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,378 |
| Capital Gain Net Income | $63,378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,759 |
| Total operating and administrative expenses | $18,594 |
| Contributions, gifts, grants paid | $238,100 |
| Total expenses and disbursements | $256,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991 |
| 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 | $262,844 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $263,835 |
| 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, Willow Grove Foundation has awarded $238,100 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ABINGTON FREE LIBRARY PURPOSE: TO SUPPORT THE ADULT LITERACY PROGRAM | $2,000 |
ABINGTON HEALTH FOUNDATION PURPOSE: TO SUPPORT FINANCIAL ASSISTANCE TO CANCER PATIENTS | $25,000 |
ABINGTON JEFFERSON HEALTH PURPOSE: TO SUPPORT THE ASPLUNDH CANCER CENTER | $500 |
ABINGTON PAL PURPOSE: TO SUPPORT PROGRAMMING FOR CHILDREN | $500 |
ABINGTON YMCA PURPOSE: TO SUPPORT THE ORGANIZATION'S PURPOSE | $1,500 |
ACCESS SERVICES PURPOSE: TO SUPPORT SPECIAL NEEDS CHILDREN PROGRAMMING | $500 |