Berglund-Westlund Foundation
- Assets
- $1.0m
- Revenue
- $107.9k
- Investments
- $927.6k
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 10/2007
- Data as of
- 06/2023
- EIN
- 26-1218343
Organization Overview
Berglund-Westlund Foundation is located in Omaha, NE. The organization was established in 2007. 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. Berglund-Westlund 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 06/2023, Berglund-Westlund Foundation generated $107.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $141.4k during the year ending 06/2023. While expenses have increased by 5.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Berglund-Westlund Foundation has awarded 31 individual grants totaling $684,950. 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 |
|---|---|---|---|
Bridges Trust Company Co-Trustee | 10 | $18,658 | |
Steve Kraaz Co-Trustee | 10 | $2,000 | |
Todd Kraaz Co-Trustee | 10 | $1,000 | |
William Torson Co-Trustee | 10 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,383 |
| Capital Gain Net Income | $79,383 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $739 |
| Total Revenue | $107,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,658 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,712 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $28,231 |
| Contributions, gifts, grants paid | $113,200 |
| Total expenses and disbursements | $141,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $110,439 |
| 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 | $1,038,075 |
| 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, Berglund-Westlund Foundation has awarded $113,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT CEDARS BIBLE CAMP PURPOSE: BIBLE CAMP AND IMPROVEMENTS, FAMILY CENTER PROJECT, SCHOLARSHIP FUNDING TO ATTEND CAMP | $32,500 |
FIRST COVENANT CHURCH PURPOSE: SUMMER CAMP ACTIVITIES, FAMILY YOUTH OUTING, BUILDING FUND, SALARY FOR CHILDREN'S YOUTH PASTOR, ANNUAL RETREAT, SCHOLARSHIP FUNDING TO ATTEND CAMP | $47,700 |
HOPE CENTER PURPOSE: HELP FOR BUILDING DREAMS SUMMER PROGRAM, EMPLOYABILITY PROGRAM, SCHOLARSHIP ASSISTANCE | $33,000 |