Jerome Westheimer Family Foundation
- Assets
- $32.9m
- Revenue
- $7.4m
- Investments
- $31.4m
- Employees
- 0
- Location
- Ardmore, OK
- Founding
- 05/1986
- Data as of
- 12/2021
- EIN
- 73-1267603
Organization Overview
Jerome Westheimer Family Foundation is located in Ardmore, OK. The organization was established in 1986. 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. Jerome Westheimer Family 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, Jerome Westheimer Family Foundation generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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 2016, Jerome Westheimer Family Foundation has awarded 197 individual grants totaling $12,874,993. 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
ALL CHARITABLE EXPENDITURES ARE MADE DIRECTLY TO 501 (C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome M Westheimer Jr President | 0 | $0 | |
Christian O'donnell Trustee | 0 | $0 | |
Joel F Wellnitz Secretary | 0 | $0 | |
Larry Pulliam Vice-President | 0 | $0 | |
Charles F Williams Treasurer | 0 | $0 | |
Wanda Otey Westheimer Assistant Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $260,906 |
| Dividends & Interest | $643,617 |
| Net Rental Income | $3,979 |
| Net Gain on Sale of Assets | $5,882,043 |
| Capital Gain Net Income | $5,882,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $592,246 |
| Total Revenue | $7,384,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,857 |
| Depreciation | $8,942 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73,668 |
| Total operating and administrative expenses | $129,874 |
| Contributions, gifts, grants paid | $2,347,100 |
| Total expenses and disbursements | $2,476,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $899,158 |
| 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 | $20,623,188 |
| Net Land, buildings, and equipment | $490,000 |
| Other assets | $137,009 |
| Total assets | $32,910,946 |
| 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, Jerome Westheimer Family Foundation has awarded $2,347,100 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Ardmore, OK PURPOSE: GENERAL SUPPORT | $1,000,000 |
GODDARD CENTER FOR VISUAL AND PERFORMING ARTS PURPOSE: GENERAL SUPPORT | $300,000 |
LIGHTHOUSE BEHAVIORAL WELLNESS CENTER PURPOSE: GENERAL SUPPORT | $250,000 |
ARDMORE CITY SCHOOLS PURPOSE: GRANT FOR PERFORMING ARTS CENTER. | $240,000 |
GOOD SHEPHERD MEDICAL AND DENTAL CLINIC PURPOSE: GENERAL SUPPORT | $100,000 |
FOOD AND RESOURCE CENTER PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |