West Foundation
- Assets
- $15.6m
- Revenue
- $462.4k
- Investments
- $15.2m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1974
- Data as of
- 12/2022
- EIN
- 23-7332105
Organization Overview
West Foundation is located in Dallas, TX. The organization was established in 1974. 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. West Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, West Foundation has awarded 27 individual grants totaling $2,794,219. 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 |
|---|---|---|---|
Stuart B West Trustee/vp | 1.15 | $40,000 | |
Andrew L West Trustee/vp | 1.15 | $40,000 | |
Amy W Walls Trustee/president | 1.15 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $331,733 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $118,527 |
| Capital Gain Net Income | $118,527 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,099 |
| Total Revenue | $462,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $3,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,936 |
| Depreciation | $0 |
| Occupancy | $4,146 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,625 |
| Total operating and administrative expenses | $283,871 |
| Contributions, gifts, grants paid | $449,234 |
| Total expenses and disbursements | $733,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,090 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $88,443 |
| 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 | $428,868 |
| Net Land, buildings, and equipment | $7,618 |
| Other assets | $2,500 |
| Total assets | $15,567,396 |
| 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, West Foundation has awarded $449,234 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMARILLO AREA FOUNDATION PURPOSE: ENDOWMENTS/SCHOLARSHIPS | $40,000 |
MIDWESTERN STATE UNIVERSITY PURPOSE: ENDOWMENTS/SCHOLARSHIPS | $138,102 |
PARK CITIES BAPTIST CHURCH PURPOSE: ENDOWMENTS/SCHOLARSHIPS | $10,000 |
WICHITA FALLS AREA COMMUNITY FOUNDATION PURPOSE: ENDOWMENTS/SCHOLARSHIPS | $10,000 |
WICHITA FALLS ISD PURPOSE: ENDOWMENTS/SCHOLARSHIPS | $231,132 |
WICHITA FALLS AREA FOOD BANK PURPOSE: ENDOWMENTS/SCHOLARSHIP | $10,000 |