Walsh Foundation
- Assets
- $10.1m
- Revenue
- $1.6m
- Investments
- $6.2m
- Employees
- 0
- Location
- Aledo, TX
- Founding
- 09/1959
- Data as of
- 12/2022
- EIN
- 75-6021726
Organization Overview
Walsh Foundation is located in Aledo, TX. The organization was established in 1959. 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. Walsh 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 12/2022, Walsh Foundation generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $560.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Walsh Foundation has awarded 48 individual grants totaling $14,892,900. 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 |
|---|---|---|---|
F Howard Walsh III Director/vice President | 2 | $0 | |
Gary Goble Director/vice President | 2 | $0 | |
Ryan Dickerson Director/vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $187,541 |
| Interest on Savings | $1,885 |
| Dividends & Interest | $230,162 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $349,086 |
| Capital Gain Net Income | $349,086 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $840,181 |
| Total Revenue | $1,608,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,522 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,644 |
| Total operating and administrative expenses | $95,733 |
| Contributions, gifts, grants paid | $465,000 |
| Total expenses and disbursements | $560,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $3,931,922 |
| Net Accounts receivable | $2,054 |
| 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 | $1,336,211 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,110,075 |
| 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, Walsh Foundation has awarded $465,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COOK CHILDRENS HOSPITAL PURPOSE: THE PURPOSE OF EACH GRANT OR CONTRIBUTION IS TO PROMOTE EDUCATION, HEALTH, PERFORMING ARTS, OR GENERAL WELFARE. WE REQUIRE WRITTEN REQUEST OUTLING THE USE OF FUNDS. | $250,000 |
RIVERTREE ACADEMY PURPOSE: THE PURPOSE OF EACH GRANT OR CONTRIBUTION IS TO PROMOTE EDUCATION, HEALTH, PERFORMING ARTS, OR GENERAL WELFARE. WE REQUIRE WRITTEN REQUEST OUTLING THE USE OF FUNDS. | $5,000 |
RONALD MCDONALD HOUSE PURPOSE: THE PURPOSE OF EACH GRANT OR CONTRIBUTION IS TO PROMOTE EDUCATION, HEALTH, PERFORMING ARTS, OR GENERAL WELFARE. WE REQUIRE WRITTEN REQUEST OUTLING THE USE OF FUNDS. | $5,000 |
BOYS & GIRLS CLUB PURPOSE: THE PURPOSE OF EACH GRANT OR CONTRIBUTION IS TO PROMOTE EDUCATION, HEALTH, PERFORMING ARTS, OR GENERAL WELFARE. WE REQUIRE WRITTEN REQUEST OUTLING THE USE OF FUNDS. | $5,000 |
FORT WORTH COUNTRY DAY PURPOSE: THE PURPOSE OF EACH GRANT OR CONTRIBUTION IS TO PROMOTE EDUCATION, HEALTH, PERFORMING ARTS, OR GENERAL WELFARE. WE REQUIRE WRITTEN REQUEST OUTLING THE USE OF FUNDS. | $150,000 |
ACH CHILD AND FAMILY SERVICES PURPOSE: THE PURPOSE OF EACH GRANT OR CONTRIBUTION IS TO PROMOTE EDUCATION, HEALTH, PERFORMING ARTS, OR GENERAL WELFARE. WE REQUIRE WRITTEN REQUEST OUTLING THE USE OF FUNDS. | $10,000 |