Weinig Foundation
- Assets
- $1.8m
- Revenue
- $47.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1996
- Data as of
- 12/2022
- EIN
- 13-3854362
Organization Overview
Weinig Foundation is located in New York, NY. The organization was established in 1996. 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. Weinig 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, Weinig Foundation generated $47.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $92.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Weinig Foundation has awarded 62 individual grants totaling $461,140. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS GRANTED- SUNY STONY BROOK(26,000)TO ASSIST A STUDENT IN THEIR DEVELOPMENT OF HIGHER EDUCATION.
MORGAN LIBRARY GRANT TO THE LIBRARY TO ASSIST FINANCIALLY FOR THE DEVELOPMENT OF COMMUNITY EDUCATION.
EL SOL RESOURCE CENTER FL- GRANT TO ASSIST IN PUBLIC EDUCATION AND DEVELOPMENT.
GREENPORT LIBRARY, GREENPORT NY-GRANT TO THE LIBRARY TO ASSIST IN COMMUNITY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Weinig Director | 10 | $0 | |
James Lyon Director | 10 | $0 | |
Mary Jo Weinig Director | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,240 |
| Dividends & Interest | $20,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,072 |
| Capital Gain Net Income | $23,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,063 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,431 |
| Printing and publications | $0 |
| Other expenses | $2,808 |
| Total operating and administrative expenses | $39,129 |
| Contributions, gifts, grants paid | $53,200 |
| Total expenses and disbursements | $92,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,426 |
| Savings and temporary cash investments | $270,313 |
| 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 | $1,790,643 |
| Accounts payable and accrued expenses | $607 |
| 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 | $607 |
Grants Awarded
Over the last fiscal year, Weinig Foundation has awarded $53,200 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMPIONS FOR QUALITY EDUCATION PURPOSE: GENERAL EDUCATIONAL AND CHARITABLE PURPOSES | $18,200 |
CORNELL LAB ORNITHOLOGY PURPOSE: GENERAL EDUCATIONAL AND CHARITABLE PURPOSES | $1,250 |
JUPITER PUBLIC LIBRARY PURPOSE: GENERAL EDUCATIONAL AND CHARITABLE PURPOSES | $5,000 |
MORGAN LIBRARY PURPOSE: GENERAL EDUCATIONAL AND CHARITABLE PURPOSES | $10,000 |
STONY BROOK UNIVERSITY PURPOSE: GENERAL EDUCATIONAL AND CHARITABLE PURPOSES | $12,500 |
SYRACUSE UNIVERSITY PURPOSE: GENERAL EDUCATIONAL AND CHARITABLE PURPOSES | $5,000 |