Weary Family Foundation
- Assets
- $13.9m
- Revenue
- $606.7k
- Investments
- $12.4m
- Employees
- 0
- Location
- Manhattan, KS
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 48-1224093
Organization Overview
Weary Family Foundation is located in Manhattan, KS. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Weary Family 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, Weary Family Foundation generated $606.7k 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 (4.3%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Weary Family Foundation has awarded 198 individual grants totaling $11,425,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOTE: ONLY ACTIVITY OF THE FOUNDATION WAS DONATING TOVARIOUS ORGANIZATIONS THAT WERE SELECTED BY THE TRUSTEES.
THERE WERE NO DIRECT EXPENSES INCURRED IN MAKING THESEDONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gifford Weary Director & President | 0 | $0 | |
Dale Ann Clore Director, Secretary & Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $239,829 |
| Dividends & Interest | $105,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $261,613 |
| Capital Gain Net Income | $261,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $606,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $423 |
| Total operating and administrative expenses | $103,238 |
| Contributions, gifts, grants paid | $3,000,000 |
| Total expenses and disbursements | $3,103,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,561,130 |
| 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 | $13,942,331 |
| 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, Weary Family Foundation has awarded $3,000,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
CL HOOVER OPERA HOUSE PURPOSE: GENERAL OPERATING SUPPORT - PUBLIC WELFARE | $240,000 |
OHIO HEALTH FOUNDATION JANET W BAY ENDOWED CHAIR FUND PURPOSE: GENERAL OPERATING SUPPORT -PUBLIC WELFARE | $1,492,000 |
KSU FOUNDATION EXCELLENCE - FUND C31491 PURPOSE: GENERAL OPERATING SUPPORT - EDUCATIONAL | $200,000 |
KSU BEACH MUSEUM OF ART ENDOWMENT - FUND C53370 PURPOSE: GENERAL OPERATING SUPPORT - EDUCATIONAL | $155,000 |
KSU FOUNDATION MCCAIN AUDITORIUM ENDOWMENT - FUND C53375 PURPOSE: GENERAL OPERATING SUPPORT - EDUCATIONAL | $155,000 |
KSU FOUNDATION MCCAIN EXPANSION PROJECT - FUND C31494 PURPOSE: GENERAL OPERATING SUPPORT - EDUCATIONAL | $100,000 |