The Wayne And Joan Webber Foundation
- Assets
- $35.0m
- Revenue
- $9.3m
- Investments
- $29.3m
- Employees
- 0
- Location
- Clinton Township, MI
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 38-3390733
Organization Overview
The Wayne And Joan Webber Foundation is located in Clinton Township, MI. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Wayne And Joan Webber 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, Wayne And Joan Webber Foundation generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.8% each year . All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 10.9% 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 2014, Wayne And Joan Webber Foundation has awarded 241 individual grants totaling $24,243,519. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Helisek President/director | 40 | $135,000 | |
David Larsen Secretary/treasurer | 5 | $60,918 | |
Demetrios Papageorgiou Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,119,597 |
| Interest on Savings | $0 |
| Dividends & Interest | $738,008 |
| Net Rental Income | $568,244 |
| Net Gain on Sale of Assets | $2,801,146 |
| Capital Gain Net Income | $2,801,146 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $616,997 |
| Total Revenue | $9,275,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $195,918 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $298,412 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $233,769 |
| Total operating and administrative expenses | $750,046 |
| Contributions, gifts, grants paid | $7,358,867 |
| Total expenses and disbursements | $8,108,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $831,114 |
| Net Accounts receivable | $12,549 |
| 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 | $34,160 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,616,948 |
| Net Land, buildings, and equipment | $4,748,259 |
| Other assets | $0 |
| Total assets | $34,958,708 |
| 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, The Wayne And Joan Webber Foundation has awarded $7,358,867 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: GENERAL | $5,050,000 |
Southfield, MI PURPOSE: TUTORING | $1,150,000 |
Benzonia, MI PURPOSE: FOOD PANTRY | $520,000 |
SALVATION ARMY PURPOSE: GENERAL | $100,000 |
MUNSON HOSPITAL PURPOSE: ELECTROPHYSIOLOGY LAB | $100,000 |
Detroit, MI PURPOSE: GENERAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Licking County Foundation Newark, OH | $148,770,755 | $12,459,784 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Detroit Childrens Fund Detroit, MI | $4,764,612 | $6,678,705 |
Foundations Of East Chicago Inc East Chicago, IN | $37,687,185 | $5,519,397 |
Sisters Of Charity Foundation Of South Carolina Cleveland, OH | $112,898,417 | $3,663,141 |