Joseph W Welch Jr Foundation Tr
- Assets
- $8.0m
- Revenue
- $402.6k
- Investments
- $4.1m
- Employees
- 0
- Location
- San Bruno, CA
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 47-6429734
Organization Overview
Joseph W Welch Jr Foundation Tr is located in San Bruno, CA. The organization was established in 2017. 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. Joseph W Welch Jr Foundation Tr 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, Joseph W Welch Jr Foundation Tr generated $402.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $238.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Joseph W Welch Jr Foundation Tr has awarded 204 individual grants totaling $3,081,737. 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 |
|---|---|---|---|
Joseph W Welch III Officer | 0.1 | $0 | |
Gregory P Welch Officer | 0.1 | $0 | |
Barry F Welch Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,975 |
| Dividends & Interest | $123,330 |
| Net Rental Income | $211,708 |
| Net Gain on Sale of Assets | $59,510 |
| Capital Gain Net Income | $59,510 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,113 |
| Total Revenue | $402,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,076 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,136 |
| Total operating and administrative expenses | $81,249 |
| Contributions, gifts, grants paid | $157,500 |
| Total expenses and disbursements | $238,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $191,845 |
| 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 | $3,755,873 |
| Total assets | $8,010,546 |
| 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, Joseph W Welch Jr Foundation Tr has awarded $157,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ALAS FOUNDATION PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION | $2,500 |
CALL PRIMROSE PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION | $14,500 |
CCS FOUNDATION PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION | $2,500 |
ORDER OF MALTA CLINIC PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION | $10,000 |
SAN FRANCISCO AUXLIARY FOR CHILDREN PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION | $10,000 |
SAMARITAN HOUSE OF SAN MATEO COUNTY PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION | $10,000 |