Louis Wellan Community Fund
- Assets
- $256.3k
- Revenue
- -$19.9k
- Investments
- $251.6k
- Employees
- 0
- Location
- Alexandria, LA
- Founding
- 08/1959
- Data as of
- 12/2022
- EIN
- 23-7038714
Organization Overview
Louis Wellan Community Fund is located in Alexandria, LA. The organization was established in 1959. 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. Louis Wellan Community Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONLY ACTIVITY OF THE FUND IS MAKING CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS-ONLY MAJOR EXPENSES INCURRED FOR THIS PURPOSE ARE ACCOUNTING, PUBLICATION AND BANK FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myron D Wellan Chairman & Pres | 1 | $0 | |
Marilyn E Wellan Vice President | 0 | $0 | |
Pamela Wellan Mccraw Director | 0 | $0 | |
Leslie W Yager Director | 0 | $0 | |
B Louis Wellan Sec/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,173 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,635 |
| Total Revenue | -$19,916 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,132 |
| Total operating and administrative expenses | $2,941 |
| Contributions, gifts, grants paid | $7,649 |
| Total expenses and disbursements | $10,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,666 |
| 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 | $256,296 |
| 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, Louis Wellan Community Fund has awarded $7,649 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
LA SHERIFF'S PROGRAM PURPOSE: CHARITABLE CONTRIBUTION | $30 |
KIWANIS BOYS CAMP PURPOSE: CHARITABLE CONTRIBUTION | $300 |
CONGREGATION GEMILUTH CHASSODIM PURPOSE: CHARITABLE CONTRIBUTION | $2,400 |
UNITED JEWISH APPEAL PURPOSE: CHARITABLE CONTRIBUTION | $1,500 |
B'NAI ISRAEL SYNAGOG PURPOSE: CHARITABLE CONTRIBUTION | $350 |
ALEXANDRIA MUSEUM OF ART PURPOSE: CHARITABLE CONTRIBUTION | $2,119 |