Weston Wabash Foundation
- Assets
- $6.5m
- Revenue
- $435.5k
- Investments
- $6.1m
- Employees
- 0
- Location
- Terre Haute, IN
- Founding
- 09/1955
- Data as of
- 12/2023
- EIN
- 31-6023751
Organization Overview
Weston Wabash Foundation is located in Terre Haute, IN. The organization was established in 1955. 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. Weston Wabash 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 12/2023, Weston Wabash Foundation generated $435.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $327.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Weston Wabash Foundation has awarded 102 individual grants totaling $1,332,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ward M Hubbard Pres/treas/trus | 0 | $0 | |
Courtney T Hubbard Vice President/trustee | 0 | $0 | |
Curtis W Stephens Secretary/trustee | 0 | $0 | |
Keith Anderson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $137,573 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $297,962 |
| Capital Gain Net Income | $297,962 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $435,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,277 |
| Contributions, gifts, grants paid | $310,000 |
| Total expenses and disbursements | $327,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $409,897 |
| 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 | $11,166 |
| Total assets | $6,482,696 |
| 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, Weston Wabash Foundation has awarded $310,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CRAYONS TO CLASSROOMS CAMPAIGN PURPOSE: OPERATING SUPPORT | $5,000 |
CAMP NAVIGATE INC PURPOSE: OPERATING SUPPORT | $5,000 |
GIRL SCOUTS OF CENTRAL INDIANA PURPOSE: VIGO COUNTY TROOPS | $5,000 |
GRAND RAPIDS AREA COMMUNITY FOUNDATION PURPOSE: OPERATING SUPPORT - $28,500 / DESIGNATED TO ENDOWMENT - $11,500 | $40,000 |
FRIENDS OF REA PARK INC PURPOSE: CLUBHOUSE RENOVATION | $10,000 |
HOSPICE OF THE WABASH VALLEY PURPOSE: OPERATING SUPPORT | $7,500 |