Weld Foundation For Scientific And Environmental Development
- Assets
- $13.9k
- Revenue
- $131.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hudson, MA
- Founding
- 12/1989
- Data as of
- 12/2022
- EIN
- 22-2989001
Organization Overview
Weld Foundation For Scientific And Environmental Development is located in Hudson, MA. The organization was established in 1989. 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. Weld Foundation For Scientific And Environmental Development 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, Weld Foundation For Scientific And Environmental Development generated $131.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (34.4%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Scahill Private Trustee | 4 | $0 | |
James G Anderson Part Time | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/22 | $17,189 |
Hennessey Tax Services | 12/30/22 | $6,550 |
Casner & Edwards Llp | 12/30/22 | $0 |
James Anderson | 12/30/22 | $3,217 |
Peter Scahill | 12/30/22 | $7,737 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,223 |
| Interest on Savings | $3,788 |
| Dividends & Interest | $20,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $103,970 |
| Capital Gain Net Income | $103,970 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $366 |
| Total Revenue | $131,226 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,955 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $29,888 |
| Taxes | $5,327 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $148 |
| Total operating and administrative expenses | $70,057 |
| Contributions, gifts, grants paid | $2,650,000 |
| Total expenses and disbursements | $2,720,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,862 |
| 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 | $0 |
| Total assets | $13,862 |
| 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, Weld Foundation For Scientific And Environmental Development has awarded $2,650,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ELECTRA AERO - HARVARD UNIVERSITY PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $300,000 |
HARVARD UNIVERSITY PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $400,000 |
ELECTRA AERO - HARVARD UNIVERSITY PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $300,000 |
HARVARD UNIVERSITY PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $250,000 |
ELECTRA AERO - HARVARD UNIVERSITY PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $300,000 |
ELECTRA AERO - HARVARD UNIVERSITY PURPOSE: PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $300,000 |