Webster Educational Foundation
- Assets
- $11.7m
- Revenue
- $673.4k
- Investments
- $7.0m
- Employees
- 0
- Location
- Livingston, TX
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-5374393
Organization Overview
Webster Educational Foundation is located in Livingston, TX. The organization was established in 2014. 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. Webster Educational 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, Webster Educational Foundation generated $673.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Webster Educational Foundation has awarded 84 individual grants totaling $4,068,796. 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 |
|---|---|---|---|
Gene Bush Pres/directo | 8 | $9,250 | |
Anthony Page Vp/director | 10 | $12,000 | |
Shelly Sitton Secretary | 10 | $12,000 | |
Janan Moore Director | 5 | $1,000 | |
Matthew Page Director | 5 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,574 |
| Dividends & Interest | $120,769 |
| Net Rental Income | $12,947 |
| Net Gain on Sale of Assets | $355 |
| Capital Gain Net Income | $355 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $532,716 |
| Total Revenue | $673,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112,173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,945 |
| Total operating and administrative expenses | $163,264 |
| Contributions, gifts, grants paid | $929,053 |
| Total expenses and disbursements | $1,092,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $215,572 |
| 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 | $4,451,618 |
| Other assets | $44,221 |
| Total assets | $11,749,808 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $684,255 |
| 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 | $684,255 |
Grants Awarded
Over the last fiscal year, Webster Educational Foundation has awarded $929,053 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BIG SANDY ISD PURPOSE: SCHOLARSHIPS | $55,855 |
CORRIGANCAMDEN ISD PURPOSE: SCHOLARSHIPS | $224,056 |
GOODRICH ISD PURPOSE: SCHOLARSHIPS | $14,167 |
LEGGETT ISD PURPOSE: SCHOLARSHIPS | $22,217 |
LIVINGSTON ISD PURPOSE: SCHOLARSHIPS | $370,000 |
BOYS & GIRLS CLUB OF POLK COUNTY PURPOSE: SCHOLARSHIPS | $10,000 |