Westly Foundation
- Assets
- $6.3m
- Revenue
- $604.1k
- Investments
- $6.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 94-3368338
Organization Overview
Westly Foundation is located in Wilmington, DE. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Westly 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 12/2022, Westly Foundation generated $604.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Westly Foundation has awarded 122 individual grants totaling $2,961,742. 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 |
|---|---|---|---|
Steven P Westly Chairman, Dir, Pres | 1 | $0 | |
Anita W Yu Sec, Dir, Treas | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,509 |
| Dividends & Interest | $100,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $585,950 |
| Capital Gain Net Income | $630,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$84,281 |
| Total Revenue | $604,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $115,202 |
| Pension plans, employee benefits | $9,483 |
| Interest | $0 |
| Taxes | $13,930 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $900 |
| Printing and publications | $0 |
| Other expenses | $84,860 |
| Total operating and administrative expenses | $262,272 |
| Contributions, gifts, grants paid | $1,053,769 |
| Total expenses and disbursements | $1,316,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,160 |
| Net Accounts receivable | $50,613 |
| 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 | $1,946,216 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,337,623 |
| 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, Westly Foundation has awarded $1,053,769 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ABLE WORKS PURPOSE: CHARITABLE EVENT | $25,000 |
ADOLESCENT COUNSELING SERVICES PURPOSE: OUTLET PROGRAM | $25,000 |
BEYOND BARRIERS ATHLETIC FOUNDATION PURPOSE: SWIM SCHOLARSHIPS FOR CHILDREN 0-18 & STIPENDS FOR LIFEGUARD TRAINING | $15,000 |
ASIAN HEALTH SERVICES PURPOSE: AHS' COMMUNITY HEALING UNIT | $25,000 |
BIG BROTHERS BIG SISTERS OF CENTRAL CALIFORNIA PURPOSE: HIGH SCHOOL BIGS PROGRAM LEMOORE SCHOOL DISTRICT | $12,500 |
BIG BROTHERS BIG SISTERS OF CENTRAL CALIFORNIA PURPOSE: WILSON ELEMENTARY & TULARE HIGH SCHOOL DISTRICT LITTLE-BIGS 2022-2023 SCHOOL YEAR | $12,500 |