Welter Foundation Inc
- Assets
- $7.4m
- Revenue
- $835.9k
- Investments
- $6.7m
- Employees
- 0
- Location
- Bristol, IN
- Founding
- 11/1997
- Data as of
- 12/2021
- 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 12/2021, Welter Foundation Inc generated $835.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $653.1k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 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 2016, Welter Foundation Inc has awarded 154 individual grants totaling $2,623,400. 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 | |
Jack Welter Director | 0.01 | $0 | |
Cynthia S Gillard Secretary & Director | 0.01 | $0 | |
Wilhelmina J Welter Director | 0.01 | $0 | |
Jill R Sigsbee Director | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $231,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $604,830 |
| Capital Gain Net Income | $604,830 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $835,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,120 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160 |
| Total operating and administrative expenses | $124,521 |
| Contributions, gifts, grants paid | $528,580 |
| Total expenses and disbursements | $653,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,990 |
| Savings and temporary cash investments | $676,025 |
| 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 | $7,441,369 |
| 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 $528,580 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Muncie, IN PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $100,000 |
Beaver Island, MI PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $75,000 |
Colorado Springs, CO PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $52,500 |
BASHOR HOME OF THE UNITED METHODIST CHURCH INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $50,000 |
Elkhart, IN PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $50,000 |
ST JOHNS EPISCOPAL CHURCH PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |