Welch Foundation Inc
- Assets
- $184.5k
- Revenue
- $7.5k
- Investments
- $179.7k
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 07/1954
- Data as of
- 03/2023
- EIN
- 91-6035155
Organization Overview
Welch Foundation Inc is located in Spokane, WA. The organization was established in 1954. 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. Welch 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.
For the year ending 03/2023, Welch Foundation Inc generated $7.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $1.3k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (31.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Welch Foundation Inc has awarded 14 individual grants totaling $153,000. 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 |
|---|---|---|---|
Carol A Wilson President | 0 | $0 | |
Jacqueline Peterson Vice-Preside | 0 | $0 | |
Frank O'neill Secretary | 0 | $0 | |
Michael F Wilson Trustee/dire | 0 | $0 | |
Lyn Mills Trustee/dire | 0 | $0 | |
Jeff O'neill Trustee/dire | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $5,210 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,248 |
| Capital Gain Net Income | $2,248 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,334 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,864 |
| 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 | $184,517 |
| 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, Welch Foundation Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN & CHILDREN'S FREE RESTAURANT PURPOSE: GENERAL SUPPORT | $10,000 |
SALVATION ARMY - SPOKANE PURPOSE: SALLY'S HOUSE SUPPORT | $10,000 |