Ctw Foundation Inc
- Assets
- $11.0m
- Revenue
- $674.8k
- Investments
- $10.8m
- Employees
- 0
- Location
- Newark, DE
- Founding
- 05/1954
- Data as of
- 12/2023
- EIN
- 51-6011637
Organization Overview
Ctw Foundation Inc is located in Newark, DE. The organization was established in 1954. 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. Ctw 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 12/2023, Ctw Foundation Inc generated $674.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $687.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Ctw Foundation Inc has awarded 24 individual grants totaling $617,500. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce R Tucker Treasurer/director | 1 | $0 | |
Finn M W Caspersen Jr Vice President/director | 1 | $0 | |
Gerald L Holm President/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $942 |
| Dividends & Interest | $398,179 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $275,655 |
| Capital Gain Net Income | $275,655 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $674,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,958 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,522 |
| Total operating and administrative expenses | $69,580 |
| Contributions, gifts, grants paid | $617,500 |
| Total expenses and disbursements | $687,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,362 |
| Savings and temporary cash investments | $120,184 |
| 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 | $9,486 |
| Total assets | $10,979,809 |
| 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, Ctw Foundation Inc has awarded $617,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AGASSIZ VILLAGE PURPOSE: SOCIAL | $15,000 |
CARDIGAN MOUNTAIN SCHOOL PURPOSE: EDUCATION | $12,500 |
EL SOL JUPITER'S NEIGHBORHOOD RESOURCE CENTER INC PURPOSE: SOCIAL | $35,000 |
FISHER HOUSE FOUNDATION INC PURPOSE: SOCIAL | $25,000 |
HARRIET L WILKES HONORS COLLEGE FLORIDA ATLANTIC UNIVERSITY PURPOSE: SOCIAL | $40,000 |
FREEDOM HOUSE PURPOSE: SOCIAL | $20,000 |