John F Welch Jr Foundation
- Assets
- $18.2m
- Revenue
- -$124.4k
- Investments
- $15.5m
- Employees
- 0
- Location
- Pound Ridge, NY
- Founding
- 06/1987
- Data as of
- 12/2022
- EIN
- 22-2801492
Organization Overview
John F Welch Jr Foundation is located in Pound Ridge, NY. The organization was established in 1987. 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. John F Welch Jr Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, John F Welch Jr Foundation has awarded 66 individual grants totaling $5,133,733. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,624 |
| Dividends & Interest | $306,566 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$434,044 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $479 |
| Total Revenue | -$124,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,023 |
| Total operating and administrative expenses | $83,219 |
| Contributions, gifts, grants paid | $2,040,678 |
| Total expenses and disbursements | $2,123,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,261 |
| 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 | $2,350,000 |
| Total assets | $18,241,260 |
| 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, John F Welch Jr Foundation has awarded $2,040,678 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BIG DOG RANCH RESUCE PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
BOYS AND GIRLS CLUB OF GREATER SALEM PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
AMERICAN INSTITUTE FOR STUTTERING PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CENTRAL PARK CONSERVANCY PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
NANTUCKET ISLAND SAFE HARBOR FOR ANIMALS PURPOSE: GENERAL OPERATING SUPPORT | $1,200 |
HUMANE SOCIETYOF THE UNITED STATES PURPOSE: GENERAL OPERATING SUPPORT | $46,000 |