Westwood Foundation
- Assets
- $3.3m
- Revenue
- $192.3k
- Investments
- $9.0k
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 10/1987
- Data as of
- 12/2023
- EIN
- 35-1693478
Organization Overview
Westwood Foundation is located in Cincinnati, OH. The organization was established in 1987. 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. Westwood 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, Westwood Foundation generated $192.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $230.5k during the year ending 12/2023. While expenses have increased by 13.8% per year over the past 9 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.
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 |
|---|---|---|---|
Lawernce T Kennedy Jr Trustee | 1 | $0 | |
John S Browner Trustee | 1 | $0 | |
Christine Kennedy Browner Trustee | 1 | $0 | |
Geoffrey G Lord Trustee | 1 | $0 | |
Martha Kennedy Lord Trustee | 1 | $0 | |
Peter M Kennedy Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $192,346 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $192,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,980 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,480 |
| Contributions, gifts, grants paid | $227,000 |
| Total expenses and disbursements | $230,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,286,107 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $3,295,154 |
| 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, Westwood Foundation has awarded $68,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ESCUELA DE GUADALUPE PURPOSE: OPERATING BUDGET | $2,500 |
PSC PARTNERS SEEKING A CURE PURPOSE: OPERATING BUDGET | $15,000 |
SAVE JON INC PURPOSE: OPERATING BUDGET | $36,000 |
ST LUKE CATHOLIC CHURCH PURPOSE: OPERATING BUDGET | $10,200 |
ST WILLIAM CHURCH PURPOSE: OPERATING BUDGET | $2,550 |
TEACH FOR AMERICA-COLORADO PURPOSE: OPERATING BUDGET | $2,500 |