Ernest Wentcher Educational Fund
- Assets
- $60.9m
- Revenue
- $1.8m
- Investments
- $55.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1997
- Data as of
- 06/2023
- EIN
- 36-4170236
Organization Overview
Ernest Wentcher Educational Fund is located in Chicago, IL. 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. Ernest Wentcher Educational Fund 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 06/2023, Ernest Wentcher Educational Fund generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ernest Wentcher Educational Fund has awarded 884 individual grants totaling $21,224,696. 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 |
|---|---|---|---|
Chris Broughton Executive Di | 40 | $94,479 | |
Brian Fitzpatrick Executive Di | 40 | $61,110 | |
Robert Wise Vice Preside | 1 | $0 | |
Laura Bordine Secretary | 1 | $0 | |
Dan Williams Treasurer | 1 | $0 | |
Robert Slay Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiducent Advisors | 6/29/23 | $93,318 |
Welllington Management | 6/29/23 | $51,859 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,488 |
| Interest on Savings | $1,875 |
| Dividends & Interest | $1,338,271 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $473,901 |
| Capital Gain Net Income | $473,901 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,815,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,589 |
| Other employee salaries and wages | $182,355 |
| Pension plans, employee benefits | $28,326 |
| Interest | $0 |
| Taxes | $24,380 |
| Depreciation | $0 |
| Occupancy | $46,091 |
| Travel, conferences, and meetings | $8,280 |
| Printing and publications | $0 |
| Other expenses | $122,471 |
| Total operating and administrative expenses | $910,857 |
| Contributions, gifts, grants paid | $3,000,530 |
| Total expenses and disbursements | $3,911,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,470 |
| Savings and temporary cash investments | $5,122,974 |
| 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 | $2,750 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,280,949 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $60,936,960 |
| Accounts payable and accrued expenses | $66,430 |
| Grants payable | $3,040,839 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $242,300 |
| Total liabilities | $3,349,569 |
Grants Awarded
Over the last fiscal year, Ernest Wentcher Educational Fund has awarded $2,996,930 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
AGNES SCOTT COLLEGE PURPOSE: EDUCATION | $10,000 |
AMERICAN UNIVERSITY PURPOSE: EDUCATION | $15,200 |
BARNARD COLLEGE PURPOSE: EDUCATION | $7,200 |
BAYLOR UNIVERSITY PURPOSE: EDUCATION | $10,000 |
BOB JONES UNIVERSITY PURPOSE: EDUCATION | $10,000 |
BOSTON UNIVERSITY PURPOSE: EDUCATION | $20,000 |