Walter N And Alberta H Drake Foundation
- Assets
- $5.2m
- Revenue
- $127.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 46-5467431
Organization Overview
Walter N And Alberta H Drake Foundation is located in Las Vegas, NV. The organization was established in 2015. 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. Walter N And Alberta H Drake 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 12/2023, Walter N And Alberta H Drake Foundation generated $127.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $366.1k during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 8 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, Walter N And Alberta H Drake Foundation has awarded 59 individual grants totaling $2,455,237. 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 |
|---|---|---|---|
Wells Fargo Bank Na Trustee | 1 | $56,976 | |
Nancy Wiseman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56,561 |
| Dividends & Interest | $122,067 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$51,798 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $301 |
| Total Revenue | $127,131 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $56,976 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,804 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,324 |
| Total operating and administrative expenses | $66,104 |
| Contributions, gifts, grants paid | $299,997 |
| Total expenses and disbursements | $366,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,682 |
| 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 | $4,979,877 |
| Total assets | $5,239,559 |
| 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, Walter N And Alberta H Drake Foundation has awarded $299,997 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEBANESE SYRIAN ASSOC CHARITIES INC PURPOSE: TREATS CHILDHOOD CANCER | $33,333 |
ALZHEIMERS FOUNDATION OF AMERICA PURPOSE: PROVIDE ASSISTANCE | $33,333 |
GARY SINISE FOUNDATION PURPOSE: VETERAN SUPPORT | $33,333 |
GUIDESTONE FIN RESOURCES OF THE SOUTHERN BAPTIST CONVENTION PURPOSE: PROVIDES FOR THE POOR | $33,333 |
WOUNDED WARRIOR PROJECT PURPOSE: VETERAN SUPPORT | $33,333 |
PIKES PEAK HOSPICE AND PALLIATIVE CARE INC PURPOSE: PALLIATIVE CARE | $33,333 |