The Wessel Foundation Inc
- Assets
- $405.3k
- Revenue
- $13.8k
- Investments
- $383.7k
- Employees
- 0
- Location
- South Daytona, FL
- Founding
- Data as of
- 12/2016
- EIN
- 59-3443957
Organization Overview
The Wessel Foundation Inc is located in South Daytona, FL.
For the year ending 12/2016, Wessel Foundation Inc generated $13.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $15.1k during the year ending 12/2016. While expenses have increased by 9.1% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen M Wessel Director | 0 | $0 | |
Nancy Gard Director | 0 | $0 | |
Garrett Klayer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,944 |
| Capital Gain Net Income | $2,944 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $271 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,299 |
| Total operating and administrative expenses | $8,570 |
| Contributions, gifts, grants paid | $6,500 |
| Total expenses and disbursements | $15,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,110 |
| Savings and temporary cash investments | $18,916 |
| 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 | $574 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $276,467 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $405,300 |
| 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, The Wessel Foundation Inc has awarded $6,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ART HAUS FOUNDATION PURPOSE: FUNDING FOR KIDS ART SHOW | $4,000 |
YMCA PURPOSE: ART SUPPLIES FOR KIDS PROGRAM | $2,500 |