Wescustogo Foundation
- Assets
- $68.6m
- Revenue
- $4.1m
- Investments
- $64.4m
- Employees
- 0
- Location
- Captiva, FL
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 20-3848164
Organization Overview
Wescustogo Foundation is located in Captiva, FL. The organization was established in 2006. 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. Wescustogo 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 12/2023, Wescustogo Foundation generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wescustogo Foundation has awarded 209 individual grants totaling $9,931,387. 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 |
|---|---|---|---|
Robert S Nanovic President | 1 | $0 | |
Kathryn M Nanovic-Morlet Treasurer | 1 | $0 | |
Rebecca E Lin Secretary | 1 | $0 | |
Elizabeth E Nanovic Director | 1 | $0 | |
Robert T Nanovic Director | 1 | $0 | |
Emmanuel Morlet Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/22 | $89,400 |
Sanibel Captiva Trust | 12/30/22 | $109,103 |
Tocqueville Asset Management | 12/30/22 | $67,344 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,888,387 |
| Interest on Savings | $348 |
| Dividends & Interest | $1,582,997 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$417,818 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,053,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,720 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $397 |
| Total operating and administrative expenses | $266,333 |
| Contributions, gifts, grants paid | $2,970,000 |
| Total expenses and disbursements | $3,236,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,119,586 |
| 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 | $29,613 |
| Total assets | $68,586,776 |
| 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, Wescustogo Foundation has awarded $2,970,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR CONTEMPORARY PRINTMAKING PURPOSE: GENERAL SUPPORT | $10,000 |
CENTER FOR MAINE CONTEMPORARY ART PURPOSE: GENERAL SUPPORT | $25,000 |
CHARITABLE FOUNDATION OF THE ISLANDS INC PURPOSE: GENERAL SUPPORT | $20,000 |
CITIZENS CAMPAIGN FUND FOR THE ENVIRONMENT PURPOSE: GENERAL SUPPORT | $25,000 |
CLINIC FOR THE REHABILITATION OF WILDLIFE INC PURPOSE: GENERAL SUPPORT | $11,000 |
CORNELL UNIVERSITY PURPOSE: WEILL CORNELL MEDICINE- ROMA-W TRIALS | $100,000 |