Weikart Family Foundation
- Assets
- $1.6m
- Revenue
- $171.4k
- Investments
- $1.5m
- Employees
- 0
- Location
- Clinton, MI
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 20-0456632
Organization Overview
Weikart Family Foundation is located in Clinton, MI. The organization was established in 2005. 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. Weikart Family 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, Weikart Family Foundation generated $171.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $146.6k during the year ending 12/2021. While expenses have increased by 2.4% 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 2015, Weikart Family Foundation has awarded 43 individual grants totaling $643,200. 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 |
|---|---|---|---|
Cynthia W Embry Treasurer | 2 | $6,500 | |
Catherine L Yeckel Secretary | 0.5 | $6,500 | |
Jennifer D Danko Vice Preside | 0.5 | $6,500 | |
Phyllis S Weikart President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,475 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $121,933 |
| Capital Gain Net Income | $121,933 |
| Net ST Capital Gain | $14,458 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $171,408 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,500 |
| 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 | $103 |
| Total operating and administrative expenses | $31,772 |
| Contributions, gifts, grants paid | $114,850 |
| Total expenses and disbursements | $146,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,255 |
| Savings and temporary cash investments | $0 |
| 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 | $1,615,454 |
| 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, Weikart Family Foundation has awarded $114,850 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KYNDER & JENTLER FOUNDATION INC PURPOSE: YOUTH DEVELOPMENT OUTREACH GRANT | $25,000 |
HILLSDALE ACADEMY PURPOSE: SCHOLARSHIP PROGRAMS | $25,000 |
LORAIN COUNTY REGION BOYS & GIRLS PURPOSE: SUPPORT BOYS & GIRLS CLUB | $25,000 |
YOUNG AUDIENCES ARTS FOR LEARNING PURPOSE: ENHANCE CHILDRENS EDUCATION WITH ART | $20,000 |
JODIE RANDOLPH DANCE PURPOSE: SUPPORT NATIONAL ENDOW FOR THE ARTS | $19,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |