Welter Foundation Inc
- Assets
- $7.1m
- Revenue
- $468.1k
- Investments
- $6.9m
- Employees
- 0
- Location
- Bristol, IN
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 35-2023590
Organization Overview
Welter Foundation Inc is located in Bristol, IN. The organization was established in 1997. 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. Welter 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 12/2023, Welter Foundation Inc generated $468.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $662.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Welter Foundation Inc has awarded 227 individual grants totaling $3,643,179. 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 |
|---|---|---|---|
Edward P Welter President & Director | 0.01 | $0 | |
Cynthia S Gillard Secretary & Director | 0.01 | $0 | |
Jill R Sigsbee Director | 0.01 | $0 | |
Jack Welter Director | 0.01 | $0 | |
Wilhelmina J Welter Director | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $137,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $330,449 |
| Capital Gain Net Income | $330,449 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $468,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,510 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,600 |
| Total operating and administrative expenses | $98,625 |
| Contributions, gifts, grants paid | $563,629 |
| Total expenses and disbursements | $662,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,707 |
| Savings and temporary cash investments | $199,857 |
| 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 | $7,095,057 |
| 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, Welter Foundation Inc has awarded $563,629 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
BASHOR CHILDREN'S HOME PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $2,500 |
BEACON HEALTH FOUNDATION INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $127,500 |
BOYS AND GIRLS CLUB OF ELKHART COUNTY PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $3,500 |
CANCER RESOURCES FOR ELKHART COUNTY INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $500 |
CENTER FOR HOSPICE CARE PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $6,000 |
CHILD AND PARENT SERVICES INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $30,000 |