Wyeth Foundation
- Assets
- $6.1m
- Revenue
- $191.0k
- Investments
- $4.1m
- Employees
- 0
- Location
- Chadds Ford, PA
- Founding
- 02/2002
- Data as of
- 12/2023
- EIN
- 26-0002833
Organization Overview
Wyeth Foundation is located in Chadds Ford, PA. The organization was established in 2002. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Wyeth 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, Wyeth Foundation generated $191.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (35.2%) each year. All expenses for the organization totaled $527.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Wyeth Foundation has awarded 190 individual grants totaling $4,279,600. 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
COORDINATED PUBLIC EXHIBITION AT MUSEUMS OF CELEBRATED ARTISTS WORKS. THE EXHIBITS WERE DESIGNED FOR THE ENJOYMENT & EDUCATION OF THE PUBLIC. ALSO ALLOWED USE OF ONE OF THE IMAGES IN A MUSEUMS HOLIDAY BROCHURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Wyeth Trustee | 1 | $0 | |
Mary Beth Dolan Trustee | 1 | $0 | |
Gregory F Fields Trustee | 1 | $12,000 | |
Sophie Derrickson Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richards Layton & Finger | 12/30/21 | $156,137 |
B-103 Corporation | 12/30/21 | $72,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $118,509 |
| Capital Gain Net Income | $128,002 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $708 |
| Other Income | $13,812 |
| Total Revenue | $190,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $970 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $210 |
| Printing and publications | $0 |
| Other expenses | $2,237 |
| Total operating and administrative expenses | $155,772 |
| Contributions, gifts, grants paid | $371,500 |
| Total expenses and disbursements | $527,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,630 |
| Savings and temporary cash investments | $13,335 |
| 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 | $1,406 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $840,024 |
| Net Land, buildings, and equipment | $53,636 |
| Other assets | $1,868,550 |
| Total assets | $6,051,816 |
| Accounts payable and accrued expenses | $360 |
| 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 | $360 |
Grants Awarded
Over the last fiscal year, Wyeth Foundation has awarded $371,500 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
FARNSWORTH ART MUSEUM PURPOSE: SUPPORT SPECIAL PROGRAMMINGDESIGNED TO ENCOURAGECOMMUNITY VISITS TO MUSEUM | $29,500 |
POINT LOOKOUT FOUNDATION PURPOSE: ENVIRONMENTALEDUCATION | $40,000 |
BRANDYWINE BATTLEFIELD PARK ASSN PURPOSE: SUPPORT OPERATIONS AT SITE OF IMPORTANTREVOLUTIONARY WAR BATTLE | $5,000 |
GEORGES RIVER LAND TRUST PURPOSE: SUPPORTCONSERVATION OFLAND IN MAINE | $10,000 |
HURRICANE ISLAND OUTWARD BOUND PURPOSE: SUPPORT SCHOLARSHIP PROGRAM | $10,000 |
LIFEFLIGHT FOUNDATION PURPOSE: SUPPORT CRITICALCARE TRANSPORTIN MAINE | $5,000 |