Waite-Brand Foundation
- Assets
- $2.2m
- Revenue
- $140.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 07/1966
- Data as of
- 02/2024
- EIN
- 34-6563471
Organization Overview
Waite-Brand Foundation is located in Brooklyn, OH. The organization was established in 1966. 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. Waite-Brand 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 02/2024, Waite-Brand Foundation generated $140.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 72.3% each year . All expenses for the organization totaled $322.2k during the year ending 02/2024. While expenses have increased by 23.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Waite-Brand Foundation has awarded 85 individual grants totaling $726,133. 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 |
|---|---|---|---|
Keybank National Association Co-Trustee | 1 | $24,272 | |
Gregory S Shumaker Co-Trustee | 1 | $0 | |
Hope J Welles Co-Trustee | 1 | $0 | |
Phil H Wolf Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $66,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,473 |
| Capital Gain Net Income | $73,473 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,272 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,025 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $494 |
| Total operating and administrative expenses | $32,292 |
| Contributions, gifts, grants paid | $289,883 |
| Total expenses and disbursements | $322,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,705 |
| 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 | $2,137,229 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,164,934 |
| 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, Waite-Brand Foundation has awarded $289,883 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY CENTER PURPOSE: GENERAL OPERATING | $25,000 |
BOYS AND GIRLS CLUBS PURPOSE: GENERAL OPERATING | $15,000 |
IMAGINATION STATION PURPOSE: GENERAL OPERATING | $7,500 |
KIDNEY FOUNDATION PURPOSE: GENERAL OPERATING | $10,000 |
LEADERSHIP TOLEDO PURPOSE: GENERAL OPERATING | $13,000 |
NATURE CONSERVANCY PURPOSE: GENERAL OPERATING | $50,000 |