Wexner Foundation
- Assets
- $5.1m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, OH
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 23-7320631
Organization Overview
Wexner Foundation is located in New Albany, OH. The organization was established in 1994. 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. Wexner 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, Wexner Foundation generated $10.9m 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 (6.0%) each year. All expenses for the organization totaled $12.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wexner Foundation has awarded 92 individual grants totaling $6,500,870. 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
RELIGIOUS EDUCATION PROGRAM TO STRENGTHEN JEWISH COMMUNITY LEADERS THROUGH INTENSIVE STUDY OF TEXT IN BIBLE, HISTORY, PHILOSOPHY AND LAW LED BY EXPERIENCED CLERGY & FACULTY. SEE ATTACHMENT 1 - PROGRAM FOR PROGRAM DESCRIPTION.
LEADERSHIP DEVELOPMENT PROGRAM FOR MID-CAREER LEADERS IN ISRAEL'S PUBLIC SECTOR. WEXNER ISRAEL FELLOWSHIP PROGRAM IS UNIQUE PARTNERSHIP BETWEEN WEXNER FOUNDATION, ISRAEL CIVIL SERVICE AND HARVARD. SEE ATTACHMENT 2 - APPLICATION.
WEXNER GRADUATE FELLOWSHIP/DAVIDSON SCHOLARS PROGRAM PROVIDES LEADERSHIP DEVELOPMENT FOR JEWISH COMMUNAL PROFESSIONALS IN GRADUATE SCHOOLS. SEE ATTACHMENT 2 - APPLICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie H Wexner Trustee | 1 | $0 | |
Barbara Abrahamson President | 40 | $749,779 | |
Abigail S Wexner Trustee | 1 | $0 | |
Peggy W Ugland Treasurer | 1 | $0 | |
Gordon I Mars VP | 40 | $258,743 | |
Gideon Kaufman Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lori Baron | 12/30/22 | $171,844 |
Larry Moses | 12/30/22 | $96,000 |
Big Kitty Labs Llc | 12/30/22 | $86,000 |
Brian Mandell | 12/30/22 | $80,000 |
Rabbi Maurice Corson | 12/30/22 | $69,336 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,926,646 |
| Interest on Savings | $520 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,927,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,276,489 |
| Other employee salaries and wages | $2,057,809 |
| Pension plans, employee benefits | $1,001,070 |
| Interest | $9,498 |
| Taxes | $450 |
| Depreciation | $186,590 |
| Occupancy | $694,921 |
| Travel, conferences, and meetings | $2,586,417 |
| Printing and publications | $0 |
| Other expenses | $2,261,937 |
| Total operating and administrative expenses | $10,457,832 |
| Contributions, gifts, grants paid | $1,818,138 |
| Total expenses and disbursements | $12,275,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,993 |
| Savings and temporary cash investments | $1,259,707 |
| 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 | $63,929 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,326,636 |
| Other assets | $397,292 |
| Total assets | $5,094,557 |
| 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, Wexner Foundation has awarded $1,818,138 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ALEPH ALLIANCE FOR JEWISH RENEWAL PURPOSE: TO FUND EDUCATIONAL FELLOWSHIP | $30,000 |
AMERICAN JEWISH UNIVERSITY PURPOSE: TO FUND EDUCATIONAL FELLOWSHIPS | $45,000 |
BRANDEIS UNIVERSITY PURPOSE: TO FUND EDUCATIONAL FELLOWSHIPS | $60,000 |
CITY OF UNIVERSITY OF NEW YORK PURPOSE: TO FUND EDUCATIONAL FELLOWSHIPS | $5,000 |
FAMILY MENTOR FOUNDATION PURPOSE: TO PROVIDE COMMUNITY SUPPORT | $300 |
FURNITURE BANK OF CENTRAL OHIO PURPOSE: TO PROVIDE COMMUNITY SUPPORT | $300 |