Abe & Rae Weingarten Fund
- Assets
- $128.8k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/1965
- Data as of
- 06/2022
- EIN
- 74-6065115
Organization Overview
Abe & Rae Weingarten Fund is located in Houston, TX. The organization was established in 1965. 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. Abe & Rae Weingarten Fund 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 06/2022, Abe & Rae Weingarten Fund generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 73.4% each year . All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 76.6% per year over the past 6 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 2015, Abe & Rae Weingarten Fund has awarded 66 individual grants totaling $3,537,177. 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 |
|---|---|---|---|
Stephen Lasher Trustee | 0 | $0 | |
Alfred W Lasher III Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $82,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,654,102 |
| Capital Gain Net Income | $155,925 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,736,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $225 |
| Total operating and administrative expenses | $16,892 |
| Contributions, gifts, grants paid | $2,874,177 |
| Total expenses and disbursements | $2,891,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,760 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $128,760 |
| 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, Abe & Rae Weingarten Fund has awarded $2,874,177 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SOCIETY FOR YAD VASHEM INC PURPOSE: GENERAL FUND | $600 |
HOUSTON GRAND OPERA PURPOSE: GENERAL FUND | $20,072 |
ST FRANCIS SCHOOL PURPOSE: GENERAL FUND | $1,000 |
LASHER FAMILY FOUNDATION PURPOSE: GENERAL FUND | $1,385,504 |
HOLOCAUST MUSEUM HOUSTON PURPOSE: GENERAL FUND | $10,000 |
ALFRED W LASHER FOUNDATION PURPOSE: GENERAL FUND | $1,457,001 |