Joan M Wismer Foundation
- Assets
- $45.0m
- Revenue
- $3.0m
- Investments
- $43.6m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 23-3089181
Organization Overview
Joan M Wismer Foundation is located in Philadelphia, PA. The organization was established in 2001. 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. Joan M Wismer 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 12/2022, Joan M Wismer Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 4 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 2020, Joan M Wismer Foundation has awarded 91 individual grants totaling $12,332,982. 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
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Iskrant ESQ Trustee | 20 | $275,351 | |
Susan P Dilday Trustee | 20 | $146,354 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 12/30/22 | $86,468 | |
| 12/30/22 | $67,625 | |
First Financial Equity Corp | 12/30/22 | $0 |
Foundation Services | 12/30/22 | $0 |
| 12/30/22 | $143,298 | |
Lpl Financial | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,132 |
| Interest on Savings | $2,420 |
| Dividends & Interest | $975,407 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,987,720 |
| Capital Gain Net Income | $1,987,720 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,022,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $421,704 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,320 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $768,130 |
| Contributions, gifts, grants paid | $2,762,994 |
| Total expenses and disbursements | $3,531,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,407,396 |
| 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 | $40,429,705 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,042,786 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $760,000 |
| 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 | $760,000 |
Grants Awarded
Over the last fiscal year, Joan M Wismer Foundation has awarded $4,462,982 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
CRISTO REY PHILADELPHIA HIGH SCHOOL PURPOSE: EDUCATION PROGRAMS & SCHOLARSHIPS | $50,000 |
KIPP PHILADELPHIA CHARTER SCHOOL PURPOSE: EDUCATION PROGRAMS & SCHOLARSHIPS | $50,000 |
LAS FLORISTAS INC PURPOSE: PEDIATRIC REHABILITATION SUPPORT | $50,000 |
THE MARSHALL LEGACY INSTITUTE PURPOSE: LANDMINE ERADICATION & MEDICAL RELIEF | $140,000 |
MEMORIAL MEDICAL CENTER FOUNDATION PURPOSE: CYSTIC FIBROSIS GENETIC COUNSELOR | $55,000 |
NORTHERN LAKES FOOD BANK PURPOSE: HUNGER RELIEF | $50,000 |