The Wetherell Foundation
- Assets
- $728.2k
- Revenue
- $29.6k
- Investments
- $700.0k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 81-4238344
Organization Overview
The Wetherell Foundation is located in Wilmington, DE. 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. Wetherell 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 12/2023, Wetherell Foundation generated $29.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (35.9%) each year. All expenses for the organization totaled $45.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $238 |
| Dividends & Interest | $31,598 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,276 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,845 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,438 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,324 |
| Total operating and administrative expenses | $32,420 |
| Contributions, gifts, grants paid | $13,302 |
| Total expenses and disbursements | $45,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,137 |
| 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 | $728,159 |
| 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 | $170 |
| Total liabilities | $170 |
Grants Awarded
Over the last fiscal year, The Wetherell Foundation has awarded $13,302 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHURCH EXTENSION SOCIETY OF US OF AMER PURPOSE: GENERAL & UNRESTRICTED | $2,467 |
AYN RAND INSTITUTE THE CENTER FOR THE ADVANCEMENT PURPOSE: GENERAL & UNRESTRICTED | $3,352 |
AMNESTY INTERNATIONAL OF THE USA INC PURPOSE: GENERAL & UNRESTRICTED | $2,051 |
GOODWILL INDUSTRIES OF METROPOLITAN CHICAGO INC PURPOSE: GENERAL & UNRESTRICTED | $2,167 |
HELEN KELLER INTERNATIONAL PURPOSE: GENERAL & UNRESTRICTED | $2,167 |
OBJECTIVE STANDARD INSTITUTE PURPOSE: GENERAL & UNRESTRICTED | $1,098 |