The Wendel Foundation
- Assets
- $1.0m
- Revenue
- $24.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Rogers, MN
- Founding
- 01/1988
- Data as of
- 12/2022
- EIN
- 41-1584487
Organization Overview
The Wendel Foundation is located in Rogers, MN. 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. Wendel 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 12/2022, Wendel Foundation generated $24.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $121.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Wendel Foundation has awarded 18 individual grants totaling $4,543,576. 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 |
|---|---|---|---|
Deborah A Farley Cortez President/treasurer | 2 | $25,000 | |
W Hall Wendel Jr Chair Of The Board | 1 | $0 | |
William J Berens Vice President | 0.5 | $0 | |
Daniel Meisel Vice President/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $16,875 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,507 |
| Capital Gain Net Income | $7,507 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28 |
| Total Revenue | $24,411 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,551 |
| Total operating and administrative expenses | $46,232 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $121,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,448 |
| Savings and temporary cash investments | $6,000 |
| 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 | $1,036,700 |
| 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 Wendel Foundation has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSING THRESHOLDS INC PURPOSE: SCHOLARSHIP FUNDING FOR THE INCOMING 9TH GRADE CLASS, 20-25 STUDENTS, FROM THE KIBERA SLUM | $25,000 |
MAYO CLINIC PURPOSE: SUPPORT OF LIVER CANCER RESEARCH - PRISCILLA L. FIOLA AND JEFFREY P. WENDEL LIVER CANCER RESEARCH FUND (PLEDGE 2 OF 5) | $50,000 |