Waymark Foundation
- Assets
- $105.8m
- Revenue
- $745.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-7150256
Organization Overview
Waymark Foundation is located in Wilmington, DE. The organization was established in 2016. 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. Waymark Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles D Royal Sec, Treas, Trustee | 38 | $0 | |
Michael F Royal Chair, Trustee | 2 | $0 | |
Susannah R Whelan Trustee, Vice Chairman | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pareto Asset Management | 12/30/22 | $461,413 |
Foundation Source | 12/30/22 | $79,555 |
Sabine & Waters Inc | 12/30/22 | $59,737 |
Bank Of America | 12/30/22 | $56,299 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $177,082 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,507 |
| Capital Gain Net Income | $110,668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $538,098 |
| Total Revenue | $745,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,961 |
| Depreciation | $788 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $128,531 |
| Total operating and administrative expenses | $753,588 |
| Contributions, gifts, grants paid | $1,000,000 |
| Total expenses and disbursements | $1,753,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,823,397 |
| Net Accounts receivable | $230 |
| 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 | $91,958,322 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,600 |
| Total assets | $105,792,549 |
| Accounts payable and accrued expenses | $288 |
| 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 | $288 |