Iwfs Foundation Inc
- Assets
- $524.8k
- Revenue
- $93.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bedminster, NJ
- Founding
- 10/1989
- Data as of
- 09/2022
- EIN
- 52-1645260
Organization Overview
Iwfs Foundation Inc is located in Bedminster, NJ. The organization was established in 1989. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iwfs 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 09/2022, Iwfs Foundation Inc generated $93.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $46.6k during the year ending 09/2022. While expenses have increased by 23.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING OF SCHOLARSHIPS FOR THE STUDY OF THE CULINARY ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE SCHOLARSHIP GRANTS FOR QUALIFIED STUDENTS IN THE FIELDS OF OENOLOGY, VITICULTURE AND THE CULINARY ARTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Jones Chairman/direct | OfficerTrustee | 2 | $0 |
Antonio Escudera-Viera Secretary | Officer | 1 | $0 |
Dwight Catherwood Treasurer | Officer | 2 | $0 |
Ira Green Director | Trustee | 1 | $0 |
James Storfer Director | Trustee | 1 | $0 |
Jose Garrigo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,800 |
| Total Program Service Revenue | $0 |
| Investment income | $44,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,742 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $881 |
| All other expenses | $0 |
| Total functional expenses | $46,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,652 |
| Savings and temporary cash investments | $15,954 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $459,152 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $524,758 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $13,332 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,332 |
| Net assets without donor restrictions | $511,426 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $524,758 |
Grants Awarded
Over the last fiscal year, Iwfs Foundation Inc has awarded $40,784 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hyde Park, NY PURPOSE: Scholarships | $34,284 |
Davis, CA PURPOSE: Scholarships | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iwfs Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Robert G And Ellen S Gutenstein Foundation Inc Sarasota, FL PURPOSE: SUPPORT IN FUNDING SCHOLARSHIPS WHICH FUND THE TUITION FEES OF QUALIFIED STUDENTS WISHING TO STUDY OENOLOGY, VITICULTURE, CULINARY ARTS AND HOSPITALITY MANAGEMENT AT RECOGNIZED NON-PROFIT COLLEGES IN THE UNITED STATES AND CANADA. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chester County Food Bank Exton, PA | $14,718,999 | $9,745,576 |
Model Organic Farm Foundation New York, NY | $4,881,242 | $2,948,859 |
Refed Inc Long Island City, NY | $3,245,213 | $3,044,504 |
White Feather Farm Inc Saugerties, NY | $1,952,913 | $1,416,686 |
Delaware Restaurant Association Newark, DE | $1,419,640 | $1,758,498 |
White Feather Forest Inc Saugerties, NY | $359,824 | $75,416 |
Common Market Mid-Atlantic Incorporated Philadelphia, PA | $1,938,202 | $6,499,769 |
Pitney Meadows Community Farm Inc Saratoga Springs, NY | $3,433,291 | $1,027,311 |
Common Ground Farm Inc Beacon, NY | $214,026 | $737,294 |
Hudson Farm Foundation Inc Andover, NJ | $827,533 | $765,826 |
Urban Creators Philadelphia, PA | $367,166 | $665,737 |
Foodshot Global Inc New York, NY | $602,916 | $551,507 |