Welton Foundation
- Assets
- $264.4k
- Revenue
- -$37.0k
- Investments
- $220.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 26-3843649
Organization Overview
Welton Foundation is located in Wilmington, DE. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Welton 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 2016, Welton Foundation has awarded 79 individual grants totaling $712,750. 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 |
|---|---|---|---|
Alexander Patrick Welton Dir, VP | 1 | $0 | |
Annette L Welton Vp, Dir | 1 | $0 | |
Mikaela Annette Welton Dir, VP | 1 | $0 | |
Patrick L Welton Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $227 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,938 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$5,257 |
| Total Revenue | -$36,968 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,370 |
| Total operating and administrative expenses | $12,970 |
| Contributions, gifts, grants paid | $60,500 |
| Total expenses and disbursements | $73,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,002 |
| 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 | $220,358 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $264,360 |
| 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, Welton Foundation has awarded $60,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE POOL INC ROB DIXON PRESIDENT PURPOSE: GENERAL & UNRESTRICTED | $4,500 |
GATHERING FOR WOMEN - MONTEREY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
JUVENILE DIABETES RESEARCH FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
MONTAGE HEALTH PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
MONTEREY PENINSULA COLLEGE FOUNDATION PURPOSE: WELTON NURSING SCHOLARSHIP FUND | $2,000 |
PANETTA INSTITUTE FOR PUBLIC POLICY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |