Horace B Packer Foundation Inc
- Assets
- $215.5k
- Revenue
- $264.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 01/1974
- Data as of
- 12/2022
- EIN
- 23-6390932
Organization Overview
Horace B Packer Foundation Inc is located in Wellsboro, PA. The organization was established in 1974. 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. Horace B Packer 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, Horace B Packer Foundation Inc generated $264.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $276.6k during the year ending 12/2022. While expenses have increased by 5.3% 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 2016, Horace B Packer Foundation Inc has awarded 159 individual grants totaling $1,394,870. 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
BENEFITED LOCAL CHARITIES BY PROVIDING GRANT DISTRIBUTIONS TO IMPROVE THE QUALITY OF LIFE IN TIOGA COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Freeman Director | 0.5 | $0 | |
Eugene Seelye Vice-President | 0.5 | $0 | |
Deborah Davenport Director | 0.5 | $0 | |
Brian Tevlin Director | 0.5 | $0 | |
Jeffrey A Fetzer President | 0.5 | $0 | |
Brian S Duff Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $263,545 |
| Interest on Savings | $790 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $264,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $798 |
| Total operating and administrative expenses | $7,471 |
| Contributions, gifts, grants paid | $269,178 |
| Total expenses and disbursements | $276,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,152 |
| Savings and temporary cash investments | $213,346 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $215,498 |
| 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, Horace B Packer Foundation Inc has awarded $269,178 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS-TIOGA COUNTY PURPOSE: DISASTERASSISTANCE | $13,000 |
HAMILTON-GIBSON PRODUCTIONS PURPOSE: PRODUCTIONEXPENSES | $16,820 |
DEANE CENTER FOR PERFORMING ARTS PURPOSE: PHASE II MUSIC PARK | $7,000 |
WELLSBORO COMM CONCERT ASSOC PURPOSE: PERFORMEREXPENSES | $1,500 |
WELLSBORO TEEN CENTER PURPOSE: ROOF REPLACEMENTEQUIPMENT PURCHASE | $4,840 |
MAKE-A-WISH PURPOSE: FUND ONE WISH | $4,400 |