Weatherhead Foundation
- Assets
- $2.8m
- Revenue
- $7.1m
- Investments
- $1.9m
- Employees
- 0
- Location
- Mayfield Heights, OH
- Founding
- 01/1955
- Data as of
- 12/2022
- EIN
- 13-2711998
Organization Overview
Weatherhead Foundation is located in Mayfield Heights, OH. The organization was established in 1955. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weatherhead 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, Weatherhead Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $6.8m during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Weatherhead Foundation has awarded 22 individual grants totaling $35,322,347. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celia Weatherhead President | 1 | $60,000 | |
David F Edwards Vice President | 1 | $7,500 | |
Carol Gluck Vice President | 1 | $7,500 | |
Terri Lacy Vp/secretary/treasurer | 1 | $0 | |
Scott Cowen Vice President | 1 | $0 | |
Melani Cammett Vice President | 1 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,077,022 |
| Interest on Savings | $7 |
| Dividends & Interest | $60,916 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$49,852 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $106 |
| Total Revenue | $7,088,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $926 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $157,222 |
| Contributions, gifts, grants paid | $6,641,725 |
| Total expenses and disbursements | $6,798,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $553,031 |
| Net Accounts receivable | $385,709 |
| 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 | $2,822,846 |
| 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, Weatherhead Foundation has awarded $6,641,725 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TULANE UNIVERSITY PURPOSE: TO SUPPORT THE WEATHERHEAD SCHOLARS CENTURY GRANT AND COWEN INSTITUTE. | $2,720,072 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: TO SUPPORT THE EDUCATIONAL OPPORTUNITIES OF THE CASE WESTERN RESERVE UNIVERSITY SCHOOL OF MANAGEMENT. | $979,001 |
UNIVERSITY OF TEXAS SYSTEM PURPOSE: TO AID THE WEATHERHEAD P.E.T. CENTER. | $2,935,152 |
PRINCETON UNIVERSITY PURPOSE: TO AID THE ORGANIZATION IN CARRYING OUT THEIR EXEMPT PURPOSE. | $7,500 |