Honesdale National Bank Foundation
- Assets
- $1.0m
- Revenue
- $1.0m
- Investments
- $700.0k
- Employees
- 0
- Location
- Honesdale, PA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2654176
Organization Overview
Honesdale National Bank Foundation is located in Honesdale, PA. The organization was established in 2019. 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. Honesdale National Bank 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 12/2022, Honesdale National Bank Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.2% each year . All expenses for the organization totaled $156.0k during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 4 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 2020, Honesdale National Bank Foundation has awarded 46 individual grants totaling $383,012. 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 |
|---|---|---|---|
William Schweighofer Director/president | 0.46 | $0 | |
Charles Curtin Secretary | 0.46 | $0 | |
Elizabeth Nagy Treasurer | 0.46 | $0 | |
Robert Grimm Director | 0.23 | $0 | |
Dr John Burlein Director | 0.23 | $0 | |
Paul Meagher Director | 0.23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $1,852 |
| Dividends & Interest | $11,410 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,119 |
| Capital Gain Net Income | $1,119 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,014,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,144 |
| Total operating and administrative expenses | $3,644 |
| Contributions, gifts, grants paid | $152,356 |
| Total expenses and disbursements | $156,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $348,479 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,048,479 |
| 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, Honesdale National Bank Foundation has awarded $152,356 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
FM KIRBY CENTER FOR PERFORMANCE ARTS PURPOSE: YOUNG PEOPLE'S THEATRE | $2,500 |
WAYNE COUNTY COMMUNITY FOUNDATION PURPOSE: WAYNE PIKE TRAILS AND WATERWAYS ALLIANCE | $10,000 |
LACAWAC SANCTUARY PURPOSE: AES PROGRAM | $5,000 |
WAYNE MEMORIAL HOSPITAL PURPOSE: SECOND CENTURY FUND GENERAL USE | $50,000 |
WOMEN'S RESOURCE CENTER INC PURPOSE: TEEN COUNSELOR ADVOCATE PROGRAM | $10,000 |
WESTERN WAYNE EDUCATION FOUNDATION PURPOSE: GREENHOUSE PROJECT | $10,000 |