Welz Family Childrens Foundation
- Assets
- $592.6k
- Revenue
- $53.8k
- Investments
- $46.1k
- Employees
- 0
- Location
- Grass Valley, CA
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 68-6190796
Organization Overview
Welz Family Childrens Foundation is located in Grass Valley, CA. The organization was established in 2001. 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. Welz Family Childrens 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 12/2021, Welz Family Childrens Foundation generated $53.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $65.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Welz Family Childrens Foundation has awarded 87 individual grants totaling $185,141. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW COST OFFICE SPACE TO NON PROFIT ORGANIZATIONS SERVING CHILDREN.
OBTAIN RENT FROM PROFIT TENNANTS TO GENERATE INCOME FOR DISTRIBUTION TO CHILDRENS CHARITIES.
REDUCED RENT TO NON PROFITS OF NEVADA COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Mickel Director | 10 | $0 | |
Lenda Welz Director | 10 | $0 | |
Judy Bagley Director | 10 | $0 | |
Hosea Bostic Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $345 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $63 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,436 |
| Total Revenue | $53,781 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $13,071 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,776 |
| Total operating and administrative expenses | $46,077 |
| Contributions, gifts, grants paid | $19,085 |
| Total expenses and disbursements | $65,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,939 |
| Savings and temporary cash investments | $21,441 |
| 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 | $512,092 |
| Other assets | $0 |
| Total assets | $592,613 |
| 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 | $21,167 |
| Total liabilities | $21,167 |
Grants Awarded
Over the last fiscal year, Welz Family Childrens Foundation has awarded $19,085 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SIERRA HARVEST PURPOSE: OUTSIDE KITCHEN, WATER TANK, EXPANDING CROPS | $6,500 |
YUBA RIVER CHARTER SCHOOL PURPOSE: SUPPORT NEW CHARTER SCHOOL | $5,800 |
BRIGHT FUTURES PURPOSE: SPONSOR BOWL FOR KIDS SAKE & PALS PROGRAM | $5,000 |
SIERRA NEVADA MEMORIAL HOSPITAL PURPOSE: BOOKS FOR YOUNG READERS & WICU PROGRAM | $1,000 |
KARE PURPOSE: PROGRAM EXPANSION FOR YOUNG PEOPLE | $535 |
CHICAGO PARK 4-H PURPOSE: SPONSOR RESOLVE TO RUN HEALTHY LIFESTYLE WALK/RUN | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |