Thomas P Waters Foundation
- Assets
- $4.4m
- Revenue
- $360.9k
- Investments
- $4.1m
- Employees
- 0
- Location
- Riverton, NJ
- Founding
- 08/1996
- Data as of
- 08/2023
- EIN
- 23-7836361
Organization Overview
Thomas P Waters Foundation is located in Riverton, NJ. The organization was established in 1996. 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. Thomas P Waters 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 08/2023, Thomas P Waters Foundation generated $360.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.1% each year . All expenses for the organization totaled $344.6k during the year ending 08/2023. While expenses have increased by 3.2% 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, Thomas P Waters Foundation has awarded 209 individual grants totaling $1,011,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Devin Waters-Burbach Trustee | 1 | $0 | |
Dr T Patrick Waters III Trustee | 1 | $0 | |
Christina G Alt Trustee | 0.5 | $0 | |
Damon C Waters Trustee | 1 | $0 | |
Brenden Waters Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $109,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $250,972 |
| Capital Gain Net Income | $250,972 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $360,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,203 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $35,393 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $74,561 |
| Contributions, gifts, grants paid | $270,000 |
| Total expenses and disbursements | $344,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,080 |
| 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 | $611,922 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,428,687 |
| 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, Thomas P Waters Foundation has awarded $270,000 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
ALL HANDS AND HEARTS - SMART RESPONSE PURPOSE: GENERAL | $3,000 |
AMERICA'S MIGHTY WARRIORS PURPOSE: GENERAL | $4,000 |
APPALACHIAN SUSTAINABLE AGRICULTURE PROJECT PURPOSE: TO SUPPORT THE GROWING MINDS PROGRAM | $6,500 |
ASHEVILLE GREENWORKS PURPOSE: TRASH TROUT PROGRAM | $5,000 |
ATLANTA CENTER FOR SELF SUFFICIENCY PURPOSE: TO SUPPORT CAFE 458 | $8,000 |
BEYOND THE BRICKS INC PURPOSE: SCHOOL FOR THE DEAF | $3,500 |