Raymond R And Martha G Wernig Foundation Inc
- Assets
- $852.9k
- Revenue
- $77.3k
- Investments
- $765.0k
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 10/2000
- Data as of
- 12/2022
- EIN
- 52-2254658
Organization Overview
Raymond R And Martha G Wernig Foundation Inc is located in Omaha, NE. 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. Raymond R And Martha G Wernig 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 12/2022, Raymond R And Martha G Wernig Foundation Inc generated $77.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $160.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Raymond R And Martha G Wernig Foundation Inc has awarded 98 individual grants totaling $403,900. 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 |
|---|---|---|---|
Stephanie R Wernig Chairman | 0.5 | $0 | |
Charles M Wernig Vice Chairma | 0.15 | $0 | |
Maria W Elfrink Secretary | 0.15 | $0 | |
R Mark Wernig Board Member | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,756 |
| Dividends & Interest | $33,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,149 |
| Capital Gain Net Income | $40,149 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,900 |
| Total Revenue | $77,263 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $997 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $297 |
| Total operating and administrative expenses | $4,959 |
| Contributions, gifts, grants paid | $155,000 |
| Total expenses and disbursements | $159,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,898 |
| 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 | $852,900 |
| 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, Raymond R And Martha G Wernig Foundation Inc has awarded $155,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
2022 CATHOLIC APPEAL PURPOSE: ROMAN CATHOLIC CHARITY | $1,000 |
AGAPE MINISTRY PURPOSE: FOOD PANTRY FOR HOMELESS | $10,000 |
AKRON CANTON FOOD BANK PURPOSE: FOOD DISTRIBUTION FOR NEEDY | $1,000 |
AKRON COMMUNITY FOUNDATION PURPOSE: SUPPORTS NON-PROFIT ORG-AKRON AREA | $5,000 |
AUTISM SOCIETY OF GREATER AKRON PURPOSE: SUPPORTS & TREATS AUTISTIC PERSONS | $5,000 |
EMERGENCY ASSISTANCE CTR PURPOSE: EMERGENCY ASSIST. TO THOSE IN NEED | $2,250 |