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Nonprofiteer
← EASTWICK FOUNDATION INC

Form 990 for tax year 2023

Filed by EASTWICK FOUNDATION INC.

Totals

Total revenue
$255,791
Total expenses
$226,371
Contributions and grants received
$111,130
Grants paid
$180,011
Program service revenue
$0
Investment income
$95,624
Other revenue
$49,037
Total assets, end of year
$2,088,515
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,088,515
Program services expenses (Part IX)
$221,336
Management and general expenses
$5,035
Fundraising expenses
$0
Program service expenses (Part III)
$221,336

Program services were 97.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $111,130

  • 3 · Investment income

    total $95,687 · related or exempt $95,687

  • 7a · Gross sales of assets other than inventory

    securities $25,000

  • 7b · Less cost or other basis and sales expenses

    securities $25,063

  • 7c · Gain or loss

    securities -$63

  • 7d · Net gain or loss

    total -$63 · related or exempt -$63

  • 11a · Other revenue: MINOR REAL ESTATE INVESTMENTS

    total $49,037 · excluded $49,037

  • 11e · Other revenue, total

    $49,037

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $127,011 · program services $127,011

  • 2 · Grants to domestic individuals

    total $53,000 · program services $53,000

  • 7 · Other salaries and wages

    total $41,325 · program services $41,325

  • 11f · Fees: investment management

    total $5,035 · management and general $5,035

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200,566 · end of year $90,364

  • 2 · Savings and temporary cash investments

    beginning of year $1,309,259 · end of year $1,399,844

  • 15 · Other assets

    beginning of year $549,270 · end of year $598,307

  • 27 · Net assets without donor restrictions

    beginning of year $2,059,095 · end of year $2,088,515

Mission and programs · 2023

Mission

THE PURPOSE OF THE FOUNDATION IS TO HELP INDIVIDUALS EASE THE COST OF A COLLEGE EDUCATION BY OFFERING PARTIAL TO FULL SCHOLARSHIPS. THE ACTUAL AMOUNT TO BE DISTRIBUTED WILL DEPEND UPON THE DONATIONS RECEIVED. IN ADDITION, THE FOUNDATION IS ALSO INVOLVED IN MANY COMMUNITY PROJECTS INCLUDING "FEEDING THE HUNGRY- AND OTHER CHARITABLE ACTIVITIES.

  • SCHOLARSHIPS PROVIDED TO QUALIFIED STUDENTS

    Expenses $65,367 · Grants $53,000

  • CHARITABLE DONATIONS AND GRANTS

    Expenses $88,174 · Grants $71,711

  • CHARITABLE DONATIONS TO FOOD BANKS

    Expenses $67,795 · Grants $55,300

  • FILING FEES ADVISORY FEES

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Eastwick

    PRESIDENT

    Total calculated
    $0

  • Ian Eastwick

    TRUSTEE

    Total calculated
    $0

  • Angela Eastwick

    TRUSTEE

    Total calculated
    $0

  • Christy Delaguerra

    TRUSTEE

    Total calculated
    $0

  • Loan K Nguyen

    TRUSTEE

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • ALL OTHERS

    $85,111

  • PROJECT LITERACY PROJECT LITERACY

    $17,350

  • CORNERSTONE JAMAICA CORNERSTONE JAMAICA

    $11,000

  • BOYS AND GIRLS CLUB OF PATERSON BOYS AND GIRLS CLUB OF PATERSON

    $8,250

  • MEALS ON WHEELS MEALS ON WHEELS

    $5,300

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.0
Source object
202443209349302749

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