705 Walnut Avenue Foundation Inc
- Assets
- $2.0m
- Revenue
- $55.2k
- Investments
- $1.9m
- Employees
- 0
- Location
- Newtown Square, PA
- Founding
- 01/2017
- Data as of
- 12/2022
- EIN
- 81-4608778
Organization Overview
705 Walnut Avenue Foundation Inc is located in Newtown Square, PA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. 705 Walnut Avenue 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.
Since 2020, 705 Walnut Avenue Foundation Inc has awarded 28 individual grants totaling $516,000. 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 |
|---|---|---|---|
Elisabeth Naughton VP / Treas / Dir | 5 | $0 | |
Caren Irons President / Dir | 5 | $0 | |
Charlene Kurtz Sec / Dir | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,033 |
| Dividends & Interest | $72,341 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,200 |
| Capital Gain Net Income | $2,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $743 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $639 |
| Total operating and administrative expenses | $28,321 |
| Contributions, gifts, grants paid | $304,000 |
| Total expenses and disbursements | $332,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,663 |
| Savings and temporary cash investments | $73,739 |
| 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 | $1,328,452 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,001,082 |
| Accounts payable and accrued expenses | $18,385 |
| 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 | $18,385 |
Grants Awarded
Over the last fiscal year, 705 Walnut Avenue Foundation Inc has awarded $304,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SYRACUSE UNIVERSITY PURPOSE: SCHOLARSHIPSFOR STUDENTS WHOMEET QUALIFICATIONS | $194,000 |
DARTMOUTH COLLEGE PURPOSE: SCHOLARSHIPSFOR STUDENTS WHOMEET QUALIFICATIONS | $20,000 |
FIDELITY INVESTMENTS PURPOSE: SCHOLARSHIPSFOR STUDENTS WHOMEET QUALIFICATIONS | $30,000 |
UNIVERSITY OF DELAWARE PURPOSE: SCHOLARSHIPSFOR STUDENTS WHO MEET QUALIFICAITONS | $0 |
UNIVERSITY AT ALBANY - SUNY PURPOSE: SCHOLARSHIPSFOR STUDENTS WHOMEET QUALIFICATIONS | $0 |
NORTHEASTERN UNIVERSITY PURPOSE: SCHOLARSHIPS FOR STUDENTS WHOMEET QUALIFICATIONS | $10,000 |