Way Charitable Foundation
- Assets
- $164.5k
- Revenue
- $96.6k
- Investments
- $135.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-1961526
Organization Overview
Way Charitable Foundation is located in Wilmington, DE. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Way Charitable 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, Way Charitable Foundation generated $96.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $113.4k during the year ending 12/2023. While expenses have increased by 18.3% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Alexander Way VP | 1 | $0 | |
Mary Alexander Coleman Way Vp, Dir | 1 | $0 | |
John Griffith Way VP | 2 | $0 | |
Patricia Shields Way VP | 1 | $0 | |
William G Way Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $176 |
| Dividends & Interest | $17,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,361 |
| Capital Gain Net Income | $90,353 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $508 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,088 |
| Total operating and administrative expenses | $5,596 |
| Contributions, gifts, grants paid | $107,775 |
| Total expenses and disbursements | $113,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,020 |
| 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 | $164,524 |
| 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, Way Charitable Foundation has awarded $107,775 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HUMAN LIBRARY INITIATIVE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
MCE SOCIAL CAPITAL PURPOSE: FUNDS FOR ANNUAL OPERATING EXPENSES AND LOSSES INCURRED FROM DEFAULTED LOANS | $22,775 |
PHOENIX ART MUSEUM PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
SOUTHWEST SHAKESPEARE COMPANY INC PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
THE NATURE CONVSERVANCY PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
WHITMAN COLLEGE BOARD OF TRUSTEES PURPOSE: IN HONOR OF PETER HARVEY AND THE NEW DORM FUND | $20,000 |