Westerman Foundation
- Assets
- $32.2m
- Revenue
- -$247.2k
- Investments
- $31.7m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 75-2897679
Organization Overview
Westerman Foundation is located in Tampa, FL. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Westerman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Westerman Foundation has awarded 446 individual grants totaling $6,179,391. 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 |
|---|---|---|---|
Valerie H Goddard Executive Director | 20 | $73,750 | |
Lindsey Thompson President | 10 | $17,500 | |
John Settich Vice President | 1 | $5,000 | |
Dan Carey Treasurer | 1 | $5,000 | |
Sandra Zita Pratt Secretary | 1 | $5,000 | |
James Lewis III Director | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,708 |
| Dividends & Interest | $396,608 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$737,304 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $89,813 |
| Total Revenue | -$247,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $116,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $131,714 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,817 |
| Total operating and administrative expenses | $435,263 |
| Contributions, gifts, grants paid | $1,197,366 |
| Total expenses and disbursements | $1,632,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $466,013 |
| 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 | $9,712,222 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,208,228 |
| 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, Westerman Foundation has awarded $1,197,366 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
BATTERED WOMEN'S FOUNDATION PURPOSE: EMERGENCY CARE PROGRAM FOR BATTERED WOMEN AND THEIR CHILDREN | $10,000 |
BENEDICTINE COLLEGE PURPOSE: CENTER FOR FAMILY LIFE: FAMILY WEEK | $5,000 |
BISHOP WARD HIGH SCHOOL PURPOSE: FORWARD READY | $35,000 |
CATHOLIC CHARITIES COMMUNITY SERVICES ODESSA INC PURPOSE: EMERGENCY SERVICES | $25,000 |
CATHOLIC CHARITIES DIOCESE OF TYLER PURPOSE: EDUCATION IS THE KEY TO RESILIENCY | $15,000 |
CATHOLIC CHARITIES GALLUP INC PURPOSE: CATHOLIC CHARITIES OF GALLUP: PROMOTING FAMILY RESILIENCE | $50,000 |