James A Welch Foundation
- Assets
- $0.0
- Revenue
- $322.6k
- Investments
- $2.2m
- Employees
- 0
- Location
- Flint, MI
- Founding
- 11/1962
- Data as of
- 06/2021
- EIN
- 38-1690381
Organization Overview
James A Welch Foundation is located in Flint, MI. The organization was established in 1962. 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. James A Welch 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 06/2021, James A Welch Foundation generated $322.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $163.9k during the year ending 06/2021. While expenses have increased by 2.9% 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 2015, James A Welch Foundation has awarded 77 individual grants totaling $966,101. 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 |
|---|---|---|---|
Stephen Schlott Vice Preside | 2 | $2,000 | |
Gail Ganakas President | 2 | $2,000 | |
John C Briggs Secretary-Tr | 1 | $0 | |
Ernelle Taylor Director | 1 | $0 | |
Dennis Haley Director | 1 | $0 | |
Rebecca Pettengill Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,923 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $322,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,400 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $29,851 |
| Contributions, gifts, grants paid | $134,063 |
| Total expenses and disbursements | $163,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, James A Welch Foundation has awarded $268,126 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Flint, MI PURPOSE: VARIOUS | $40,000 |
Flint, MI PURPOSE: VARIOUS | $40,000 |
Flint, MI PURPOSE: NEWS MOVEMENT PROGRAM | $20,000 |
Flint, MI PURPOSE: CAREER DEVELOPMENT PROGRAM | $20,000 |
Flint, MI PURPOSE: NEWS MOVEMENT PROGRAM | $20,000 |
Flint, MI PURPOSE: CAREER DEVELOPMENT PROGRAM | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |