Westrock Foundation
- Assets
- $6.6m
- Revenue
- $891.6k
- Investments
- $5.2m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 06-1652243
Organization Overview
Westrock Foundation is located in Atlanta, GA. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Westrock 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 12/2021, Westrock Foundation generated $891.6k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Westrock Foundation has awarded 9,079 individual grants totaling $13,160,755. 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 |
|---|---|---|---|
Bny Mellon Trustee | 1 | $55,008 | |
Kevin A Maxwell Secretary, Officer | 1 | $0 | |
Frank Varano Treasurer, Officer | 1 | $0 | |
Kevin Hudson Director | 1 | $0 | |
Mandy D Burnette Vice President & Executive Director | 35 | $0 | |
Ward H Dickson Chair, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $177,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $713,847 |
| Capital Gain Net Income | $713,847 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $891,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,008 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,316 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,991 |
| Total operating and administrative expenses | $183,792 |
| Contributions, gifts, grants paid | $2,235,659 |
| Total expenses and disbursements | $2,419,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,486 |
| Savings and temporary cash investments | $0 |
| 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 | $977,399 |
| Total assets | $6,628,708 |
| 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, Westrock Foundation has awarded $3,610,659 in support to 2,973 organizations.
| Grant Recipient | Amount |
|---|---|
NATURE CONSERVANCY GEORGIA PURPOSE: MULTI YEAR PLEDGE | $350,000 |
NATURE CONSERVANCY GEORGIA PURPOSE: 2020- 2022 MULTI-YEAR COMMITMENT: TNC - GEORGIA, SOUTH CAROLINA AND VIRGINIA | $350,000 |
CHILDRENS HOSPITAL OF ATLANTA PURPOSE: MULTI YEAR PLEDGE | $250,000 |
Atlanta, GA PURPOSE: NEVER SETTLE CAMPAIGN | $250,000 |
BELOVED VIA THE COMMUNITY FOUNDATION OF GREATER ATLANTA PURPOSE: MULTI YEAR PLEDGE | $250,000 |
Atlanta, GA PURPOSE: 2019 - 2021 MULTI-YEAR PLEDGE SUPPORT OF BELOVED BENEFIT FOR WESTSIDE ATLANTA | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |