Harold And Sara Wetherbee Foundation
- Assets
- $1.2m
- Revenue
- $44.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1968
- Data as of
- 11/2023
- EIN
- 58-6068645
Organization Overview
Harold And Sara Wetherbee Foundation is located in Atlanta, GA. The organization was established in 1968. 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. Harold And Sara Wetherbee 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 11/2023, Harold And Sara Wetherbee Foundation generated $44.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $61.8k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harold And Sara Wetherbee Foundation has awarded 226 individual grants totaling $456,253. 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 |
|---|---|---|---|
Regions Bank Trust Department Trustee | 1.15 | $18,747 | |
J Huff Croxton Jr Trustee | 0.23 | $0 | |
Debbie Chambless Trustee | 0.23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,390 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,938 |
| Capital Gain Net Income | $13,938 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32 |
| Total Revenue | $44,360 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,747 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,143 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86 |
| Total operating and administrative expenses | $23,251 |
| Contributions, gifts, grants paid | $38,500 |
| Total expenses and disbursements | $61,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,596 |
| 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 | $364,419 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,111 |
| Total assets | $1,178,350 |
| 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, Harold And Sara Wetherbee Foundation has awarded $38,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY STATE UNIVERSITY AND CHARMANEISE LASTER PURPOSE: EDUCATION | $2,000 |
AUGUSTA UNIVERSITY AND JULIA SOLOMON PURPOSE: EDUCATION | $1,500 |
GEORGIA INSTITUTE OF TECHNOLOGY AND CHIMDINMA J OHAMADIKE PURPOSE: EDUCATION | $2,500 |
GEORGIA INSTITUTE OF TECHNOLOGY AND SOPHIA LIN PURPOSE: EDUCATION | $3,000 |
GEORGIA STATE UNIVERSITY AND DAYLA FRITTS PURPOSE: EDUCATION | $2,250 |
GEORGIA SOUTHERN UNIVERSITY AND JORDAN BROWN PURPOSE: EDUCATION | $2,250 |