Walter W And Thelma M Born Foundation
- Assets
- $5.1m
- Revenue
- $373.7k
- Investments
- $5.0m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 09/2004
- Data as of
- 04/2024
- EIN
- 55-0869606
Organization Overview
Walter W And Thelma M Born Foundation is located in Columbus, OH. The organization was established in 2004. 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. Walter W And Thelma M Born 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 04/2024, Walter W And Thelma M Born Foundation generated $373.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $278.8k during the year ending 04/2024. While expenses have increased by 6.7% per year over the past 6 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 2017, Walter W And Thelma M Born Foundation has awarded 27 individual grants totaling $1,478,796. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $150,310 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $222,399 |
| Capital Gain Net Income | $222,399 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,039 |
| Total Revenue | $373,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,967 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $832 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $61,249 |
| Contributions, gifts, grants paid | $217,517 |
| Total expenses and disbursements | $278,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,274 |
| 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 | $5,098,292 |
| 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 W And Thelma M Born Foundation has awarded $217,517 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SUMMA HEALTH SYSTEM PURPOSE: PURCHASE SURGICAL MACHINES | $75,000 |
AKRON GENERAL MEDICAL CENTER PURPOSE: GENERAL OPERATING | $97,517 |
METROHEALTH FOUNDATION INC PURPOSE: GENERAL OPERATING | $45,000 |