Wayne M Densch Charities Inc
- Assets
- $16.7m
- Revenue
- $1.1m
- Investments
- $15.6m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 05/1993
- Data as of
- 12/2023
- EIN
- 58-2013696
Organization Overview
Wayne M Densch Charities Inc is located in Orlando, FL. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne M Densch Charities 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, Wayne M Densch Charities Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Wayne M Densch Charities Inc has awarded 30 individual grants totaling $2,980,673. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME
SCHOLARSHIP AWARDS
OTHER GRANTS
FOOD & PERSONAL ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Williams Treas/direct | 0 | $0 | |
Leonard E Williams Jr Pres/directo | 40 | $186,750 | |
Michael J Williams Sec/director | 0 | $0 | |
George J Linzmayer Manager | 0 | $116,019 | |
J Garth Olson Manager | 0 | $115,887 | |
Debra Gosney Manager | 0 | $52,191 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $83,750 |
| Dividends & Interest | $272,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $206,651 |
| Capital Gain Net Income | $206,651 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $535,124 |
| Total Revenue | $1,097,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $186,750 |
| Other employee salaries and wages | $290,691 |
| Pension plans, employee benefits | $76,859 |
| Interest | $0 |
| Taxes | $9,054 |
| Depreciation | $26,751 |
| Occupancy | $22,634 |
| Travel, conferences, and meetings | $31,853 |
| Printing and publications | $0 |
| Other expenses | $49,426 |
| Total operating and administrative expenses | $767,351 |
| Contributions, gifts, grants paid | $461,973 |
| Total expenses and disbursements | $1,229,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,351 |
| Savings and temporary cash investments | $560,015 |
| 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 | $228,827 |
| Other assets | $80,909 |
| Total assets | $16,676,276 |
| Accounts payable and accrued expenses | $1,890 |
| 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 | $1,890 |
Grants Awarded
Over the last fiscal year, Wayne M Densch Charities Inc has awarded $461,973 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DETAIL ATTACHED PURPOSE: FOOD & PERSONAL ASSISTANCE | $6,063 |
DETAIL ATTACHED PURPOSE: CONTRACT LABOR NURSING HOMES | $248,635 |
DETAIL ATTACHED PURPOSE: OTHER GRANTS | $29,775 |
DETAIL ATTACHED PURPOSE: MISCELLANEOUS | $1,000 |
DETAIL ATTACHED PURPOSE: SCHOLARSHIP AWARDS | $176,500 |