James A Welch Foundation
- Assets
- $2.5m
- Revenue
- $245.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Flint, MI
- Founding
- 11/1962
- Data as of
- 06/2024
- 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 06/2024, James A Welch Foundation generated $245.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $175.7k during the year ending 06/2024. While expenses have increased by 3.0% per year over the past 9 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 95 individual grants totaling $1,279,038. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Ganakas President | 2 | $2,000 | |
Stephen Schlott Secretary/tr | 1 | $800 | |
Ernelle Taylor Director | 1 | $0 | |
Tina Smith Director | 1 | $0 | |
Rebecca Pettengill V President | 1 | $1,200 | |
Dennis Haley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $104,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $140,617 |
| Capital Gain Net Income | $140,617 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $245,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,863 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,625 |
| Printing and publications | $0 |
| Other expenses | $2,250 |
| Total operating and administrative expenses | $33,238 |
| Contributions, gifts, grants paid | $142,500 |
| Total expenses and disbursements | $175,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,655 |
| 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 | $2,505,112 |
| 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, James A Welch Foundation has awarded $142,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
IMICHIGAN PRODUCTIONS PURPOSE: FILM APPRECIATION ACADEMY | $7,500 |
FLINT INSTITUTE OF ARTS PURPOSE: PRE-COLLEGE PORTFOLIO | $15,000 |
CHOSEN FEW ARTS COUNCIL PURPOSE: FINE ARTS SUMMER CAMP | $5,000 |
TAPOLOGY PURPOSE: SUMMER TAP INTENSIVE | $40,000 |
MCCREE THEATRE PURPOSE: MCCREE THEATRE REPERTORY COMPANY | $20,000 |
KETTERING UNIVERSITY PURPOSE: ROBOTICS PRE COLLEGE SUMMER CAMP | $10,000 |