Frank X Weny & Mary Ethel Weny Charitable Trust
- Assets
- $6.4m
- Revenue
- $1.1m
- Investments
- $4.5m
- Employees
- 0
- Location
- Wayne, NJ
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 31-6636669
Organization Overview
Frank X Weny & Mary Ethel Weny Charitable Trust is located in Wayne, NJ. The organization was established in 2000. 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. Frank X Weny & Mary Ethel Weny Charitable Trust 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 12/2022, Frank X Weny & Mary Ethel Weny Charitable Trust generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $730.8k during the year ending 12/2022. While expenses have increased by 3.3% 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 2015, Frank X Weny & Mary Ethel Weny Charitable Trust has awarded 207 individual grants totaling $5,876,000. 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 |
|---|---|---|---|
William Hanse Trustee | 0 | $28,272 | |
Anthony Ludwig Trustee | 0 | $28,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,066 |
| Dividends & Interest | $78,794 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $925,187 |
| Capital Gain Net Income | $767,703 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $131,651 |
| Total Revenue | $1,137,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,544 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,863 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,467 |
| Total operating and administrative expenses | $131,799 |
| Contributions, gifts, grants paid | $599,000 |
| Total expenses and disbursements | $730,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,805 |
| Savings and temporary cash investments | $1,871,817 |
| 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 | $2,477,846 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,251 |
| Total assets | $6,388,583 |
| 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, Frank X Weny & Mary Ethel Weny Charitable Trust has awarded $301,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE PURPOSE: GENERAL FUND | $300,000 |
SCORE ASSOCIATION PURPOSE: SMALL BUSINESS MENTORING | $1,000 |