Joe R & Joella F Utley Foundation Inc
- Assets
- $6.9m
- Revenue
- $363.1k
- Investments
- $5.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 57-0974104
Organization Overview
Joe R & Joella F Utley Foundation Inc is located in Wilmington, DE. The organization was established in 1993. 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. Joe R & Joella F Utley 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, Joe R & Joella F Utley Foundation Inc generated $363.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $406.6k during the year ending 12/2023. While expenses have increased by 1.1% 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, Joe R & Joella F Utley Foundation Inc has awarded 48 individual grants totaling $1,606,474. 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:
PURCHASE, PHOTOGRAPH, CATALOG, MAINTAIN, AND DISPLAY A COLLECTION OF MUSICAL INSTRUMENTS
PURCHASE, PHOTOGRAPH, CATALOG, MAINTAIN, AND DISPLAY A COLLECTION OF MUSICAL INSTRUMENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Gunn Sec, Trustee | 1 | $0 | |
Frank Phillips Vp, Trustee | 1 | $0 | |
Jennifer Phillips Trustee, Pres | 1 | $0 | |
Katie Fowler Phillips Trustee | 1 | $0 | |
Bruce Schwartz Trustee, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,572 |
| Dividends & Interest | $137,133 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $175,335 |
| Capital Gain Net Income | $175,335 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,061 |
| Total Revenue | $363,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,044 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,782 |
| Total operating and administrative expenses | $119,126 |
| Contributions, gifts, grants paid | $287,461 |
| Total expenses and disbursements | $406,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,129,591 |
| 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 | $198,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,300 |
| Total assets | $6,853,992 |
| 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, Joe R & Joella F Utley Foundation Inc has awarded $287,461 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKE USA INC PURPOSE: DIVERTIMENTOS & DRESSAGE | $10,000 |
CHILD RESCUE COALITION INC PURPOSE: PROTECT A CHILD | $5,000 |
FOOTHILLS COMMUNITY CHAPEL PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
CHILDRENS THEATER FESTIVAL INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CONVERSE UNIVERSITY PURPOSE: CARLOS MOSELEY CHAMBER MUSIC SERIES | $2,500 |
GARY SINISE FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $5,000 |