Westlake Foundation Inc
- Assets
- $794.9k
- Revenue
- $307.4k
- Investments
- $794.9k
- Employees
- 0
- Location
- Sterling, VA
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-4401478
Organization Overview
Westlake Foundation Inc is located in Sterling, VA. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westlake Foundation Inc 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, Westlake Foundation Inc generated $307.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $34.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Westlake Foundation Inc has awarded 45 individual grants totaling $127,072. 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 |
|---|---|---|---|
Thomas K Plofchan III Bod | 0.5 | $0 | |
Kathryn A Plofchan Bod | 0.5 | $0 | |
Andrew Plofchan Bod | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,421 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $36,775 |
| Net ST Capital Gain | $18,832 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $307,421 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $613 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $4,783 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $34,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $794,915 |
| 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, Westlake Foundation Inc has awarded $30,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DEEP CREEK LAKE SAILING PURPOSE: ELEVATOR FORDISABLED | $10,000 |
Washington, DC PURPOSE: SCHOLARSHIP FUND | $5,000 |
SHIELDS & STRIPES PURPOSE: SUPPORT FOR PROGRAMS | $5,000 |
Baltimore, MD PURPOSE: SOCCER AND EQUIPMENT | $5,000 |
Groton, MA PURPOSE: VETERAN ASSISTANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation For Children Growth Fund Inc Columbia, MD | $9,265,288 | $14,325,717 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
A Wider Circle Inc Silvers Spring, MD | $9,165,754 | $9,301,796 |
Anne Arundel Community College Foundation Inc Arnold, MD | $29,078,784 | $4,871,771 |
Success For All Foundation Inc Baltimore, MD | $3,571,160 | $7,960,925 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |
American Constitution Society For Law And Policy Washington, DC | $6,124,680 | $5,609,154 |
American School Counselor Association Alexandria, VA | $7,066,172 | $7,522,290 |
Grace Christian Academy Of Leipers Fork Franklin, TN | $10,280,279 | $8,867,909 |
Manna Cafe Ministries Clarksville, TN | $2,290,772 | $5,669,916 |
Qm Quality Matters Annapolis, MD | $7,257,264 | $7,473,612 |