Walpole Foundation
- Assets
- $11.7m
- Revenue
- $789.5k
- Investments
- $6.4m
- Employees
- 0
- Location
- Walpole, NH
- Founding
- 04/2005
- Data as of
- 12/2023
- EIN
- 61-1471434
Organization Overview
Walpole Foundation is located in Walpole, NH. The organization was established in 2005. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walpole Foundation 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, Walpole Foundation generated $789.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $644.8k during the year ending 12/2023. While expenses have increased by 13.9% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE, REHABILITATION, OPERATION AND MANAGEMENT OF HISTORICAL BUILDINGS IN WALPOLE, NH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raynie Laware Director | 1 | $0 | |
Peggy Pschirrer President | 1 | $0 | |
Mark Houghton Vice President/treasurer | 1 | $0 | |
Charles Shaw Director | 1 | $0 | |
Thomas Murray Director | 1 | $0 | |
James Suozzi Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58,386 |
| Dividends & Interest | $68,992 |
| Net Rental Income | $133,218 |
| Net Gain on Sale of Assets | $85,494 |
| Capital Gain Net Income | $85,494 |
| Net ST Capital Gain | $85,117 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $939 |
| Total Revenue | $789,531 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,126 |
| Other employee salaries and wages | $40,215 |
| Pension plans, employee benefits | $10,840 |
| Interest | $0 |
| Taxes | $125,392 |
| Depreciation | $154,287 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $178,921 |
| Total operating and administrative expenses | $615,117 |
| Contributions, gifts, grants paid | $29,681 |
| Total expenses and disbursements | $644,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,294 |
| Savings and temporary cash investments | $171,411 |
| Net Accounts receivable | $2,503 |
| 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 | $19,818 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,049,562 |
| Net Land, buildings, and equipment | $4,944,915 |
| Other assets | $29,499 |
| Total assets | $11,653,773 |
| Accounts payable and accrued expenses | $3,561 |
| 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 | $30,524 |
| Total liabilities | $34,085 |
Grants Awarded
Over the last fiscal year, Walpole Foundation has awarded $52,276 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF WALPOLE PURPOSE: ELECTRIC CAR CHARGING STATIONS, OLD HOME DAYS DONATION, AND AEDS TO THE TOWN OF WALPOLE | $20,676 |
JOHN LAWARE PURPOSE: THE ILLUSION BAND- OLD HOMEDAYS KICKOFF CONCERT | $500 |
HOOPER INSTITUTE PURPOSE: HOOPER INSTITUTE FUND DRIVE CONTRIBUTION | $25,000 |
FIRST CONGREGATIONAL CHURCH OF WALPOLE PURPOSE: SAVE THE STEEPLE CONTRIBUTION | $5,000 |
MOOVER BUS PURPOSE: PUBLIC TRANSPORTATION | $1,000 |
WALPOLE FIRE-EMS PURPOSE: CONTRIBUTION IN MEMORY OF A COMMUNITY MEMBER | $100 |