BRYN MAWR, PA

Essential Initiatives Inc.

Also known as: (F/K/A Aqua Assistance Initiatives Inc)

Quick Facts

EIN: 825049381
Location: BRYN MAWR, PA
Phone: (610) 645-4202
Category: General
Total Assets: $1.1M
Annual Income: $267K
IRS Ruling Year: 2019
Organization Type: Non-Operating Foundation
Principal Officer: % Directors Of Essential Initi
Tax Deductibility: Contributions are deductible

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About This Foundation

Essential Initiatives Inc. is a private corporation based in BRYN MAWR, PA. The foundation received its IRS ruling in 2019. The principal officer is % Directors Of Essential Initi. It holds total assets of $1.1M. Annual income is reported at $267K. According to available records, Essential Initiatives Inc. has made 6 grants totaling $1.3M, with a median grant of $28K. Annual giving has decreased from $587K in 2020 to $56K in 2023. Grantmaking activity was highest in 2021 with $617K distributed across 1 grants. Individual grants have ranged from $7K to $617K, with an average award of $212K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Pennsylvania. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Frequently Asked Questions

What does Essential Initiatives Inc. fund?

Essential Initiatives Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in PA.

How much does Essential Initiatives Inc. give in grants?

Essential Initiatives Inc. has distributed a total of $1.3M across 6 grants. The median grant size is $28K, with an average of $212K. Individual grants have ranged from $7K to $617K.

How do I apply for a grant from Essential Initiatives Inc.?

Essential Initiatives Inc. typically selects its grantees rather than accepting unsolicited proposals.

Where is Essential Initiatives Inc. located?

Essential Initiatives Inc. is headquartered in BRYN MAWR, PA.

Key People & Compensation (2022)

Name	Title	Compensation	Benefits	Total
See Attached	SEE ATTACHED	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$103K

2023+1280%

Total Assets

$895K

2023+9787%

Fair Market Value

$895K

2023

Net Worth

$895K

2023

Grants Paid

$56K

2023

Contributions

$263K

2023

Net Investment Income

2023

Distribution Amount

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Financial Details (2023)

Total Revenue: $263K
Total Expenses: $103K
Exempt Purpose Expenses: $56K
Required Distribution: $0
Undistributed Income: $0
Total Liabilities: $1

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$1.3M

Average Grant

$212K

Median Grant

$28K

Unique Recipients

Most Common Grant

$7K

Grant Disbursements by Year

Grant Range

Min$7K

Max$617K

Median: $28K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

PA$1.3M (6)

Past Grantees

Recipient	Location	Amount	Year
Together We CanGrant to Together We Can organization to support the goal of providing meals to families in need.	Newtown Square, PA	$46K	2023
See AttachedGrant recipients apply to the assistance with their utility obligations through the AquaAid program. Recipients are unrelated to the foundation manager or substantial contributor.	Bryn Mawr, PA	$10K	2023