The Webb Impact Foundation Inc
- Assets
- $1.2m
- Revenue
- -$79.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Frisco, TX
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 81-4230394
Organization Overview
The Webb Impact Foundation Inc is located in Frisco, TX. The organization was established in 2017. 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. Webb Impact Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Webb Impact Foundation Inc has awarded 148 individual grants totaling $981,761. 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 |
|---|---|---|---|
James H Webb Jr Director | 3 | $0 | |
Catherine Webb Director | 3 | $0 | |
Maxwell Webb Director | 1 | $0 | |
Joseph Webb Director | 1 | $0 | |
Elizabeth Webb Director | 1 | $0 | |
Carly O'keefe Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $340 |
| Dividends & Interest | $65,537 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$202,994 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,365 |
| Total Revenue | -$79,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,596 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $224 |
| Total operating and administrative expenses | $8,831 |
| Contributions, gifts, grants paid | $188,359 |
| Total expenses and disbursements | $197,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,394 |
| 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 | $1,206,437 |
| 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, The Webb Impact Foundation Inc has awarded $188,359 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AIM FOR MENTAL HEALTH PURPOSE: DONATION | $5,000 |
BAJA COMMUNITY FOUNDATION PURPOSE: DONATION | $10,160 |
CAL FARLEY'S BOY'S RANCH PURPOSE: DONATION | $1,000 |
CITY HOUSE PURPOSE: DONATION | $4,000 |
COMMUNITY ENGAGEMENT & OPPORTUNITY PURPOSE: DONATION | $20,000 |
DALLAS DOG & RESCUE PURPOSE: DONATION | $10,000 |