Welk Family Foundation
- Assets
- $2.7m
- Revenue
- $299.6k
- Investments
- $2.6m
- Employees
- 0
- Location
- Aberdeen, SD
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 36-3579562
Organization Overview
Welk Family Foundation is located in Aberdeen, SD. The organization was established in 1988. 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. Welk Family 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 12/2021, Welk Family Foundation generated $299.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $225.5k during the year ending 12/2021. While expenses have increased by 0.2% 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 2015, Welk Family Foundation has awarded 168 individual grants totaling $1,214,862. 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 |
|---|---|---|---|
Dacotah Bank Trustee | 5 | $27,690 | |
Pat Dady Advisor | 0.1 | $0 | |
Royce Grimsrud Advisor | 0.1 | $0 | |
Mark Pistorius Advisor | 0.1 | $0 | |
June Helgeson Advisor | 0.1 | $0 | |
Kaye Cahill Advisor | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,066 |
| Net Rental Income | $27,686 |
| Net Gain on Sale of Assets | $191,961 |
| Capital Gain Net Income | $191,961 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,798 |
| Total Revenue | $299,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,690 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $114 |
| Other expenses | $52 |
| Total operating and administrative expenses | $43,717 |
| Contributions, gifts, grants paid | $181,757 |
| Total expenses and disbursements | $225,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152 |
| Savings and temporary cash investments | $142,685 |
| 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 | $1,300,125 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,701,391 |
| 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, Welk Family Foundation has awarded $181,757 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Sisseton, SD PURPOSE: REPLACE WORN EQUIPMENT, FLOORING AND FURNISHING TO WELLNESS/REHABILITATION CENTER AND PATIENT CARE AREAS. | $59,437 |
TEKAKWITHA LIVING CENTER PURPOSE: CALL SYSTEM UPGRADE TO ENHANCE PATIENT SAFETY AND SATISFACTION. | $50,000 |
SISSETON SCHOOL DISTRICT 54-2 PURPOSE: 20 POST SECONDARY ACADEMIC AND/OR SECONDARY VOCATIONAL/TECHNICAL SCHOLARSHIP. | $19,700 |
EMMANUEL UNITED CHURCH OF CHRIST PURPOSE: REPLACEMENT OF EXTERIOR LIGHTED CROSS AND GENERAL OPERATING EXPENSES. | $12,000 |
Sisseton, SD PURPOSE: PURCHASE TWO SCBA (SELF CONTAINED BREATHING APPARATUS). | $8,900 |
SISSETON VOLUNTEER FIRE DEPARTMENT PURPOSE: PURCHASE A SKID UNIT (WATER TANK, HOSE REEL AND WATER PUMP) FOR THE BACK OF THE JOHN DEERE GATOR. | $5,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |