Welch Family Foundation
- Assets
- $2.5m
- Revenue
- $37.4k
- Investments
- $2.5m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 73-1502461
Organization Overview
Welch Family Foundation is located in Tulsa, OK. The organization was established in 1996. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Welch 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 12/2023, Welch Family Foundation generated $37.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $210.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Welch Family Foundation has awarded 55 individual grants totaling $1,204,826. 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 |
|---|---|---|---|
David Mckinney VP & Director | 0.5 | $0 | |
Peggy Welch Hoyt VP & Secretary | 1 | $0 | |
William J Welch Jr Dir. & Pres. | 1.5 | $0 | |
Douglas S Welch Director | 0.5 | $0 | |
Grace Sensintaffar Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35,145 |
| Dividends & Interest | $75,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$77,829 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,500 |
| Total Revenue | $37,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,949 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,224 |
| Contributions, gifts, grants paid | $207,550 |
| Total expenses and disbursements | $210,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,292 |
| Savings and temporary cash investments | $0 |
| 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 | $2,041 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,519,781 |
| 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, Welch Family Foundation has awarded $207,550 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
WHITWORTH UNIVERSITY PURPOSE: SUPPORT FOR EDUCATIONAL & RELIGIOUS PROGRAMS | $40,000 |
CAMP LOUGHRIDGE PURPOSE: SUPPORT FOR RELIGIOUS AND YOUTH PROGRAMS | $25,000 |
HELPING HAND MINISTRY INC PURPOSE: SUPPORT FOR SERVICES PROVIDED TO THE NEEDY | $23,000 |
LITERACY & EVANGELISM INTERNATIONAL PURPOSE: SUPPORT FOR RELIGIOUS & EDUCATIONAL PROGRAMS | $25,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: SUPPORT FOR RELIGIOUS ACTIVITIES | $20,000 |
GOODLAND ACADEMY PURPOSE: SUPPORT FOR RESIDENCY PROGRAMS | $10,000 |