David Weekley Family Foundation
- Assets
- $132.7m
- Revenue
- $39.5m
- Investments
- $103.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1991
- Data as of
- 12/2021
- EIN
- 76-0324538
Organization Overview
David Weekley Family Foundation is located in Houston, TX. The organization was established in 1991. 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. David Weekley 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, David Weekley Family Foundation generated $39.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $31.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, David Weekley Family Foundation has awarded 486 individual grants totaling $71,769,596. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION ENGAGES NONPROFIT ORGANIZATION CONSULTINGFIRMS TO PROVIDE TECHNICAL ASSISTANCE TO ITS GRANTEES,INCLUDING STRATEGIC PLANNING, BOARD DEVELOPMENT, FINANCIALPLANNING, PROGRAM EVALUATIONS AND OTHER SUPPORT TO IMPROVETHEIR PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Weekley Bruce President | 40 | $161,622 | |
Katie Macc Investment Director | 40 | $153,785 | |
Jana Hardy Investment Director | 40 | $110,216 | |
Neil Smolik Senior Builder | 40 | $86,938 | |
Allison Serafin Investment Director | 40 | $64,231 | |
Bonnie S Weekley Secretary | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chilton Capital Management | 12/30/21 | $162,270 |
Weekley Homes Llc | 12/30/21 | $757,290 |
Mighty Ally Institute | 12/30/21 | $73,000 |
Warwick Partners | 12/30/21 | $117,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,500,000 |
| Interest on Savings | $45,239 |
| Dividends & Interest | $2,279,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,834,651 |
| Capital Gain Net Income | $6,834,651 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $847,270 |
| Total Revenue | $39,507,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $161,622 |
| Other employee salaries and wages | $467,112 |
| Pension plans, employee benefits | $137,011 |
| Interest | $0 |
| Taxes | $79,015 |
| Depreciation | $0 |
| Occupancy | $26,382 |
| Travel, conferences, and meetings | $28,680 |
| Printing and publications | $0 |
| Other expenses | $58,575 |
| Total operating and administrative expenses | $1,570,522 |
| Contributions, gifts, grants paid | $30,325,590 |
| Total expenses and disbursements | $31,896,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,941,792 |
| Savings and temporary cash investments | $19,831,954 |
| 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 | $314,571 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,530,815 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,685,301 |
| Total assets | $132,693,267 |
| 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, David Weekley Family Foundation has awarded $30,325,590 in support to 173 organizations.
| Grant Recipient | Amount |
|---|---|
KINGDOM GIVING FUND PURPOSE: SPIRITUAL FORMATION | $3,000,000 |
Houston, TX PURPOSE: SPIRITUAL FORMATION | $1,500,000 |
FULLER THEOLOGICAL SEMINARY PURPOSE: SPIRITUAL FORMATION | $1,005,000 |
Humble, TX PURPOSE: SPIRITUAL FORMATION | $1,000,000 |
CAMP CHO YEH PURPOSE: SPIRITUAL FORMATION | $1,000,000 |
Tyler, TX PURPOSE: SPIRITUAL FORMATION | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that David Weekley Family Foundation has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Mission Increase Tigard, OR PURPOSE: TO PROVIDE GENERAL SUPPORT AND GRANT FUNDS | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |