Candace & Richard S Weeks Family Foundation
- Assets
- $8.4m
- Revenue
- $7.5m
- Investments
- $4.9m
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 27-6374990
Organization Overview
Candace & Richard S Weeks Family Foundation is located in Basking Ridge, NJ. The organization was established in 2010. 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. Candace & Richard S Weeks Family 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, Candace & Richard S Weeks Family Foundation generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $433.5k during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 8 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, Candace & Richard S Weeks Family Foundation has awarded 113 individual grants totaling $1,735,000. 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 |
|---|---|---|---|
Candace C Weeks Trustee | 1 | $0 | |
Alexandra E Weeks Trustee | 1 | $0 | |
Katherine W Konialian Trustee | 1 | $0 | |
Richard M Weeks Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,967,643 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $470,455 |
| Capital Gain Net Income | $2,142,680 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $109 |
| Total Revenue | $7,479,158 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $433,500 |
| Total expenses and disbursements | $433,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,916 |
| Savings and temporary cash investments | $3,481,104 |
| 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 | $332,390 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,431,113 |
| 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, Candace & Richard S Weeks Family Foundation has awarded $433,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AUTISM RESEARCH INSTITUTE PURPOSE: CONDUCTS RESEARCH AND DISSEMINATES THE RESULTS OF RESEARCH ON THE CAUSES OF AUTISM AND METHODS OF PREVENTING DIAGNOSING AND TREATING AUTISM. | $10,000 |
BRADY UROLOGICAL CENTER PURPOSE: RESEARCH IN THE FIELD OF UROLOGY AND TRAINING OF FUTURE UROLOGICAL SPECIALISTS. | $55,000 |
BOYS & GIRLS CLUB OF NEWARK NJ PURPOSE: PROVIDES OPPORTUNITIES FOR YOUTH THAT EMPOWERS THEM TO SUCCEED AND EXCEL AS CONTRIBUTING MEMBERS OF SOCIETY. | $50,000 |
CHURCHILL SCHOOL AND CENTER PURPOSE: TO HELP CHILDREN WITH LANGUAGE BASED LEARNING DISABILITIES REALIZE THEIR FULL POTENTIAL BY BUILDING UPON THEIR STRENGTHS. | $15,000 |
CENTRAL PARK CONSERVATORY PURPOSE: TO RESTORE, MANAGE, AND ENHANCE CENTRAL PARK IN PARTNERSHIP WITH THE PUBLIC. | $1,000 |
DOCTORS WITHOUT BORDERS USA INC PURPOSE: PROVIDE MEDICAL HUMANITARIAN AID TO PEOPLE IMPACTED BY CONFLICT, NATURAL DISASTERS, EPIDEMICS AND MORE. | $10,000 |