The Winmax Foundation Inc
- Assets
- $511.1k
- Revenue
- $210.5k
- Investments
- $499.8k
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 31-1677020
Organization Overview
The Winmax Foundation Inc is located in Cincinnati, OH. The organization was established in 2000. 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. Winmax Foundation Inc 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, Winmax Foundation Inc generated $210.5k 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 (18.4%) each year. All expenses for the organization totaled $257.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Winmax Foundation Inc has awarded 162 individual grants totaling $2,111,300. 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 |
|---|---|---|---|
Janet L Houston President, Trustee | 1 | $0 | |
Maxene E Dominey Treasurer, Trustee | 1 | $0 | |
D Winslow Blankenship Secretary, Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $99,165 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,775 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,534 |
| Capital Gain Net Income | $89,534 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $210,474 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,415 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,402 |
| Total operating and administrative expenses | $12,147 |
| Contributions, gifts, grants paid | $245,000 |
| Total expenses and disbursements | $257,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,075 |
| 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 | $197 |
| Total assets | $511,117 |
| 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, The Winmax Foundation Inc has awarded $245,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
VAIL HEALTH FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,500 |
VAIL JAZZ FOUNDATION PURPOSE: PROGRAM SUPPORT | $3,000 |
FOR THE GOOD PURPOSE: PROGRAM SUPPORT | $1,000 |
GUARDIAN SCHOLARS PURPOSE: PROGRAM SUPPORT | $10,000 |
BETTY FORD ALPINE GARDENS PURPOSE: PROGRAM SUPPORT | $10,000 |
COLORADO MOUNTAIN COLLEGE FUND PURPOSE: PROGRAM SUPPORT | $60,000 |