Welborn Baptist Foundation Inc
- Assets
- $100.7m
- Revenue
- $2.1m
- Investments
- $90.5m
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 35-2056722
Organization Overview
Welborn Baptist Foundation Inc is located in Evansville, IN. The organization was established in 1998. 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. Welborn Baptist 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 12/2022, Welborn Baptist Foundation Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Welborn Baptist Foundation Inc has awarded 1,890 individual grants totaling $50,226,977. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Ellspermann Chair | 2 | $0 | |
Tricia Hollander Henning First Vice C | 1.5 | $0 | |
Dwight Hamilton Board Member | 1 | $0 | |
David Alan Clark Board Member | 1 | $0 | |
Ray Barber Board Member | 1 | $0 | |
Amy Romain Barron Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/22 | $188,404 |
Transform Consulting Group Inc | 12/30/22 | $88,325 |
Diehl Evaluation Consulting Servic | 12/30/22 | $113,731 |
Blackstrap Media | 12/30/22 | $51,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $795,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,262,797 |
| Capital Gain Net Income | $1,262,797 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,567 |
| Total Revenue | $2,054,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $212,576 |
| Other employee salaries and wages | $983,554 |
| Pension plans, employee benefits | $282,628 |
| Interest | $0 |
| Taxes | $71,600 |
| Depreciation | $92,648 |
| Occupancy | $247,014 |
| Travel, conferences, and meetings | $47,098 |
| Printing and publications | $7,735 |
| Other expenses | -$126,984 |
| Total operating and administrative expenses | $2,453,801 |
| Contributions, gifts, grants paid | $3,707,021 |
| Total expenses and disbursements | $6,160,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,628,635 |
| 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 | $39,760 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $509,663 |
| Other assets | $2,028,837 |
| Total assets | $100,708,582 |
| Accounts payable and accrued expenses | $117,381 |
| Grants payable | $2,202,567 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,416,183 |
| Total liabilities | $4,736,131 |
Grants Awarded
Over the last fiscal year, Welborn Baptist Foundation Inc has awarded $5,343,080 in support to 292 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS CATHOLIC PARISH PURPOSE: CHRIST CENTERED LIVING | $8,750 |
AUDUBON KIDS ZONE INC PURPOSE: NONPROFIT EXCELLENCE | $14,605 |
AUDUBON KIDS ZONE INC PURPOSE: EARLY LEARNING | $26,250 |
BIG BROTHERSBIG SISTERS OF THE OHI PURPOSE: NONPROFIT EXCELLENCE | $3,355 |
BORROWED HEARTS FOUNDATION PURPOSE: NONPROFIT EXCELLENCE | $3,355 |
BORROWED HEARTS FOUNDATION PURPOSE: CHRIST CENTERED LIVING | $18,750 |