Weldon Foundation Inc
- Assets
- $8.4m
- Revenue
- $9.2k
- Investments
- $202.0k
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 65-0715451
Organization Overview
Weldon Foundation Inc is located in Jacksonville, FL. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weldon 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, Weldon Foundation Inc generated $9.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (64.4%) each year. All expenses for the organization totaled $212.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Weldon Foundation Inc has awarded 136 individual grants totaling $1,951,048. 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 |
|---|---|---|---|
Cynthia M Weldon President | 5 | $0 | |
Norman R Weldon Treasurer | 2 | $0 | |
Thomas D Weldon Vice-Pres | 1 | $0 | |
Carol J Weldon Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,266 |
| Dividends & Interest | $3,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,404 |
| Capital Gain Net Income | $3,404 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $234 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,702 |
| Total operating and administrative expenses | $32,936 |
| Contributions, gifts, grants paid | $179,250 |
| Total expenses and disbursements | $212,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $434,058 |
| 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 | $50,000 |
| 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 | $7,758,381 |
| Total assets | $8,444,439 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $30,000 |
| 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 | $30,000 |
Grants Awarded
Over the last fiscal year, Weldon Foundation Inc has awarded $179,250 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BARNABAS CENTER INC PURPOSE: GENERAL SUPPORT | $8,000 |
BLUE RIDGE SCHOOL INC PURPOSE: BARON FUND/RENOVATIONS | $5,000 |
BOYS & GIRLS CLUB OF NASSAU COUNTY PURPOSE: GUARDIANS PROGRAM/EXPANSION | $6,500 |
COALITION FOR THE HOMELESS PURPOSE: DIRECTOR EXPENSES/GENERAL SUPPORT | $71,500 |
FERST READERS OF LAMAR COUNTY INC PURPOSE: GENERAL SUPPORT | $2,000 |
MAYO CLINIC PURPOSE: GOOD SAMARITAN FUND | $1,000 |