Weatherhead Foundation
- Assets
- $3.2m
- Revenue
- $7.0m
- Investments
- $2.8m
- Employees
- 0
- Location
- Mayfield Heights, OH
- Founding
- 01/1955
- Data as of
- 12/2021
- 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 12/2021, Weatherhead Foundation generated $7.0m 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 (9.7%) each year. All expenses for the organization totaled $7.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Weatherhead Foundation has awarded 18 individual grants totaling $28,680,622. 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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PDF Copies of 990 Filings
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 | |
Melani Cammett Vice President | 1 | $7,500 | |
Terri Lacy Vp/secretary/treasurer | 1 | $0 | |
Scott Cowen Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,927,371 |
| Interest on Savings | $8 |
| Dividends & Interest | $50,171 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,741 |
| Capital Gain Net Income | $95,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,112 |
| Total Revenue | $7,024,403 |
| 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 | $1,192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $151,229 |
| Contributions, gifts, grants paid | $7,163,189 |
| Total expenses and disbursements | $7,314,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $178,579 |
| Net Accounts receivable | $262,808 |
| 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 | $3,247,950 |
| 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 $7,163,189 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER PURPOSE: TO AID THE WEATHERHEAD P.E.T. CENTER | $4,087,963 |
TULANE UNIVERSITY PURPOSE: TO SUPPORT THE WEATHERHEAD SCHOLARS CENTURY GRANT, COWEN INSTITUTE AND THE SCHOOL OF PUBLIC HEALTH AND TROPICAL MEDICINE TO SUPPORT COVID RESEARCH. | $2,065,506 |
Cleveland, OH PURPOSE: TO SUPPORT THE EDUCATIONAL OPPORTUNITIES OF THE CASE WESTERN RESERVE UNIVERSITY SCHOOL OF MANAGEMENT. | $1,002,220 |
PRINCETON UNIVERSITY PURPOSE: TO AID THE ORGANIZATION IN CARRYING OUT THEIR EXEMPT PURPOSE. | $7,500 |