The William F Welch And Lorene W Welch Foundation
- Assets
- $2.0m
- Revenue
- -$177.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Sheridan, WY
- Founding
- 01/1994
- Data as of
- 08/2024
- EIN
- 83-6033434
Organization Overview
The William F Welch And Lorene W Welch Foundation is located in Sheridan, WY. The organization was established in 1994. 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. William F Welch And Lorene W Welch 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 08/2024, William F Welch And Lorene W Welch Foundation generated -$177.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $235.1k during the year ending 08/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William F Welch And Lorene W Welch Foundation has awarded 190 individual grants totaling $1,481,000. 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 |
|---|---|---|---|
Frank Rotellini Co-Trustee | 3 | $10,000 | |
William B Ebzery Co-Trustee | 3 | $10,000 | |
Matthew Ebzery Co-Trustee | 3 | $10,000 | |
Richard M Davis Jr Co-Trustee | 3 | $10,000 | |
Patrick Barker Co-Trustee | 3 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $71,864 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$256,066 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,325 |
| Total Revenue | -$177,867 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,884 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $424 |
| Total operating and administrative expenses | $90,571 |
| Contributions, gifts, grants paid | $144,500 |
| Total expenses and disbursements | $235,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,515 |
| 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 | $40,975 |
| Total assets | $2,016,724 |
| 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 William F Welch And Lorene W Welch Foundation has awarded $144,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CASA PURPOSE: CHARITABLE | $1,000 |
CHAPS PURPOSE: CHARITABLE | $1,500 |
CHILD DEVELOPMENT CENTER PURPOSE: CHARITABLE | $1,000 |
DOWNTOWN SHERIDAN ASSOCIATION PURPOSE: CHARITABLE | $3,000 |
HABITAT FOR HUMANITY PURPOSE: CHARTIABLE | $1,500 |
HOLY NAME CATHOLIC CHURCH PURPOSE: CHARITABLE | $3,500 |