Walbridge Family Foundation Inc
- Assets
- $2.4m
- Revenue
- $64.1k
- Investments
- $2.3m
- Employees
- 0
- Location
- Blue Bell, PA
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 80-0817353
Organization Overview
Walbridge Family Foundation Inc is located in Blue Bell, PA. The organization was established in 2012. 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. Walbridge Family 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, Walbridge Family Foundation Inc generated $64.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $187.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Walbridge Family Foundation Inc has awarded 136 individual grants totaling $1,390,950. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret B Walbridge President & Secretary | 0.25 | $0 | |
Charles C Walbridge Vice President & Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,656 |
| Dividends & Interest | $80,824 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,890 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $510 |
| Total Revenue | $64,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $216 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $34,931 |
| Contributions, gifts, grants paid | $153,000 |
| Total expenses and disbursements | $187,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,606 |
| Savings and temporary cash investments | $69,394 |
| 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 | $474,474 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,375,450 |
| 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, Walbridge Family Foundation Inc has awarded $153,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
A SPRING OF HOPE PURPOSE: GENERAL CONTRIBUTION | $5,000 |
AMERICAN WHITEWATER PURPOSE: GENERAL CONTRIBUTION | $15,000 |
FCNL EDUCATION FUND PURPOSE: GENERAL CONTRIBUTION | $25,000 |
FOOD BANK OF SOUTHERN TIER (ELMIRA) PURPOSE: GENERAL CONTRIBUTION | $3,000 |
FRIENDS OF THE CHEAT RIVER WATERSHED PURPOSE: GENERAL CONTRIBUTION | $25,000 |
HOLT ELWELL MEMORIAL FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $10,000 |