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Working Theory Foundation EIN 85-3325872 Form 990 (PDF) Claim this org

Working Theory Foundation FY2021 filing

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A private foundation based in Wilmington, DE. It reported about $406 in revenue for 2021. For fiscal year 2021 it reported $406 in revenue, $70K in expenses, and $3.9M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Wilmington, DE
Filings
6 on file (2020–2021)
Revenue
$406FY2021
Expenses
$70K
Net assets
$3.9M
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  85-3325872 Private foundation / grantmaker Wilmington, DE
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Wilmington, DE. It reported about $406 in revenue for 2021.
Money in and out
$406 revenue, $70K expenses
Bottom line
—
Grants paid & assets · FY2021
Total revenue
$406
Pt VIII · Ln 12
Total expenses
$70K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$70K
Total assets
3.9M
deployed as grants and operations
Grants made
17grants
total in period

Who They Fund

Part XV · grants paid · 17 grants · $462K · 2025–2025
Breakthrough T1dFY2025$200,000
Town of LancasterFY2025$50,000
Starting Point Services for Victims of Domestic anFY2025$50,000
Colorectal Cancer Alliance INCFY2025$50,000
Connie Rice Institute for Urban PeaceFY2025$25,000
Thomas Jefferson UniversityFY2025$15,000
Honor FoundationFY2025$15,000
CommonwealFY2025$10,000
Childrens Hospital Los AngelesFY2025$7,500
Camc Foundation INCFY2025$7,500
The Foundation for Post-Acute and Long-Term Care MFY2025$5,000
Iona Senior ServicesFY2025$5,000
Integral Yoga Institute of Californa INCFY2025$5,000
Health in Aging FoundationFY2025$5,000
Capital HospiceFY2025$5,000
American Academy of Hospice & Palliative MedicineFY2025$5,000
Eaton Village Preservation SocietyFY2025$2,500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$27K
Median grantPart XV$8K
Largest grantPart XV$200K

Summary of the Filing

Part I · fiscal year 2021 · Form 990-PF
Revenue
$406
FY2021▼ -100%
Expenses
$70K
FY2021▲ ×13
Total assets
$3.9M
FY2021▼ -2%
Total liabilities
$0
FY2021
Total revenue
$406
Pt VIII · Ln 12
Total expenses
$70K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Total assetsPt II$3.9M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWorking Theory Foundation
EINHdr · item D85-3325872
Principal addressHdr · item CWilmington, DE
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFAug 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Working Theory Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income100%$406
Total revenueLn 12$406

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Operating & administrative $1.00
Operating & administrative100%$70K
Total functional expensesLn 25$70K

Balance Sheet

Part X · end of year
CashLn 1$3.9M
Total assetsLn 16$3.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.9M
Months of cash on handcomputed662.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $3.9M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $406
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $406
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $406 · Prior year $3.9M
-100%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $406 · Expenses $70K
-17144%
Liabilities-to-Assets
Total liabilities — · Total assets $3.9M
—
Net-asset ratio
Net assets $3.9M · Total assets $3.9M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $70K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -100%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$181K revenue · ⤓ 990 PDF
FY2024$175K revenue · ⤓ 990 PDF
FY2023$23K revenue · ⤓ 990 PDF
FY2022$69K revenue · ⤓ 990 PDF
FY2021$406 revenue · viewing · ⤓ 990 PDF
FY2020$3.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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