Theresa Farnsworth Wittmann Charitable Foundation
- Assets
- $1.1m
- Revenue
- $58.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 06/1997
- Data as of
- 05/2024
- EIN
- 31-1521585
Organization Overview
Theresa Farnsworth Wittmann Charitable Foundation is located in Lincoln, NE. The organization was established in 1997. According to its NTEE Classification (I70) the organization is classified as: Protection Against Abuse, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theresa Farnsworth Wittmann Charitable 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 05/2024, Theresa Farnsworth Wittmann Charitable Foundation generated $58.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $83.0k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Theresa Farnsworth Wittmann Charitable Foundation has awarded 18 individual grants totaling $364,000. 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 |
|---|---|---|---|
Robert Muller President-As Needed | 1 | $2,750 | |
Kathryn Wittmann Vice President | 1 | $0 | |
Carol Burnley Secretary/treasurer | 1 | $2,750 | |
Marissa Wanamaker Vice President | 1 | $2,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,213 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,824 |
| Capital Gain Net Income | $23,824 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $957 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,041 |
| Contributions, gifts, grants paid | $57,000 |
| Total expenses and disbursements | $83,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $92,351 |
| Net Accounts receivable | $1,534 |
| 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 | $1,016,203 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,110,088 |
| 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, Theresa Farnsworth Wittmann Charitable Foundation has awarded $57,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
I'VE GOT A NAME PURPOSE: TO ASSIST IN THE FUNCTIONS AND PROGRAMS OF THE ORGANIZATION. | $19,000 |
JOSHUA COLLINGSWORTH MEMORIAL FOUNDATION PURPOSE: TO ASSIST IN THE FUNCTIONS AND PROGRAMS OF THE ORGANIZATION. | $9,500 |
MAUI FOOD BANK PURPOSE: TO ASSIST IN THE FUNCTIONS AND PROGRAMS OF THE ORGANIZATION. | $28,500 |