American Water Charitable Foundation Inc
- Assets
- $75.7m
- Revenue
- $47.0m
- Investments
- $29.8m
- Employees
- 0
- Location
- Camden, NJ
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 27-4241172
Organization Overview
American Water Charitable Foundation Inc is located in Camden, NJ. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. American Water Charitable 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 12/2021, American Water Charitable Foundation Inc generated $47.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 14.5% 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 2014, American Water Charitable Foundation Inc has awarded 1,914 individual grants totaling $10,366,498. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO PUBLIC CHARITIES BASED ON MATCHING EMPLOYEE CONTRIBUTIONS, UP TO ANNUAL MAXIMUMS DEFINED IN THE PROGRAM. THE FOUNDATION ALSO MAKES GRANTS TO THESE PUBLIC CHARITIES BASED ON THE NUMBER OF HOURS THE EMPLOYEE VOLUNTEERS TO THE CHARITY.
THE FOUNDATION ALSO MAKES UNSOLICITED GRANTS TO PUBLIC CHARITIES SELECTED BY THE BOARD CONSISTENT WITH THEIR CHARITABLE GOALS, TYPICALLY IN THE AREAS OF DISASTER RELIEF, PRESERVING THE WATER & LAND, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Ettelson Secretary As Of 9/21 | 1 | $0 | |
James Merante Treasurer As Of 11/21 | 0.5 | $0 | |
John Quinn Asst. Treasurer | 1 | $0 | |
Jeffrey M Taylor Secretary & Legal Advisor 6/21-9/21 | 0.5 | $0 | |
Maureen Duffy Chair As Of 9/21 | 0.5 | $0 | |
Kevin Tilden Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,000,000 |
| Interest on Savings | $268 |
| Dividends & Interest | $567,670 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,405,120 |
| Capital Gain Net Income | $1,405,120 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,973,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,806 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,318 |
| Total operating and administrative expenses | $130,776 |
| Contributions, gifts, grants paid | $1,720,976 |
| Total expenses and disbursements | $1,851,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,578 |
| Savings and temporary cash investments | $916,123 |
| 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 | $5,910 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $45,000,017 |
| Total assets | $75,731,575 |
| Accounts payable and accrued expenses | $143,091 |
| 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 | $147,713 |
| Total liabilities | $290,804 |
Grants Awarded
Over the last fiscal year, American Water Charitable Foundation Inc has awarded $1,629,026 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Ashburn, VA PURPOSE: GENERAL PURPOSE | $600,000 |
THE BENEVITY COMMUNITY IMPACT FUND PURPOSE: GENERAL PURPOSE | $319,486 |
CAMDEN CITY SCHOOL DISTRICT PURPOSE: GENERAL PURPOSE | $150,000 |
JACKIE JOYNER-KERSEE FOUNDATION PURPOSE: GENERAL PURPOSE | $150,000 |
THE BENEVITY COMMUNITY IMPACT FUND PURPOSE: GENERAL PURPOSE | $51,140 |
Greenwood Village, CO PURPOSE: GENERAL PURPOSE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |