Welsh Family Foundation Inc
- Assets
- $5.2m
- Revenue
- $4.1m
- Investments
- $161.7k
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 22-3331136
Organization Overview
Welsh Family Foundation Inc is located in Vero Beach, FL. 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. Welsh Family Foundation Inc 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, Welsh Family Foundation Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.9% 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.
Since 2020, Welsh Family Foundation Inc has awarded 153 individual grants totaling $15,407,075. 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 |
|---|---|---|---|
Patrick J Welsh Trustee | 0.5 | $0 | |
Eric A Welsh Trustee | 0.5 | $0 | |
Carol A Welsh Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $990,400 |
| Interest on Savings | $51,028 |
| Dividends & Interest | $21,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,035,980 |
| Capital Gain Net Income | $3,035,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,099,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $143,967 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,978 |
| Total operating and administrative expenses | $160,595 |
| Contributions, gifts, grants paid | $2,525,400 |
| Total expenses and disbursements | $2,685,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,012,538 |
| 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 | $161,721 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,174,259 |
| 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, Welsh Family Foundation Inc has awarded $2,525,400 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS AND PARKINSON FOUNDATION PURPOSE: UNRESTRICTED | $1,000 |
AMERICAN RED CROSS PURPOSE: UNRESTRICTED | $30,000 |
BOYS AND GIRLS CLUB OF INDIAN RIVER PURPOSE: UNRESTRICTED | $1,000 |
AMERICAN TINNITUS ASSOCIATION PURPOSE: UNRESTRICTED | $70,000 |
BRAVO VAIL PURPOSE: UNRESTRICTED | $20,000 |
CARE PURPOSE: UNRESTRICTED | $10,000 |