Witzel Family Foundation
- Assets
- $2.7m
- Revenue
- $72.3k
- Investments
- $2.5m
- Employees
- 0
- Location
- Sheridan, WY
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 26-3239496
Organization Overview
Witzel Family Foundation is located in Sheridan, WY. The organization was established in 2008. 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. Witzel Family 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, Witzel Family Foundation generated $72.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $154.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Witzel Family Foundation has awarded 57 individual grants totaling $1,347,824. 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 |
|---|---|---|---|
Mary Beth Evers President | 1 | $0 | |
Frederick E Kehrwald Vice Preside | 1 | $0 | |
Karen E Nicolarsen Secretary | 1 | $0 | |
David J Nicolarsen Treasurer | 5 | $7,796 | |
Michael J Evers Director | 1 | $0 | |
Jay T Craft Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,358 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $902 |
| Capital Gain Net Income | $902 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,796 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,342 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $988 |
| Printing and publications | $0 |
| Other expenses | $895 |
| Total operating and administrative expenses | $13,171 |
| Contributions, gifts, grants paid | $141,106 |
| Total expenses and disbursements | $154,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,145 |
| Savings and temporary cash investments | $191,495 |
| 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 | $2,731,095 |
| Accounts payable and accrued expenses | $352 |
| 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 | $352 |
Grants Awarded
Over the last fiscal year, Witzel Family Foundation has awarded $141,106 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MUSIC SCHOLARSHIPS TO PURPOSE: MUSIC SCHOLARSHIPS | $94,106 |
ST PETER'S EPISCOPAL CHURCH PURPOSE: MUSIC PROGRAMS | $20,000 |
WYO THEATER INC PURPOSE: MUSIC PROGRAMS | $25,000 |
TRINKLE BRASS WORKS INC PURPOSE: CONCERT | $2,000 |