Welsh Family Foundation Inc
- Assets
- $5.2m
- Revenue
- $4.1m
- Investments
- $161.7k
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 22-3331136
Organization Overview
Welsh Family Foundation Inc is located in Vero Beach, FL. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Welsh Family Foundation Inc 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, Welsh Family Foundation Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.2% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 15.0% per year over the past 5 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 2020, Welsh Family Foundation Inc has awarded 153 individual grants totaling $15,407,075. 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 |
|---|---|---|---|
Eric A Welsh Trustee | 0.5 | $0 | |
Patrick J Welsh Trustee | 0.5 | $0 | |
Carol A Welsh Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $990,400 |
| Interest on Savings | $51,028 |
| Dividends & Interest | $21,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,035,980 |
| Capital Gain Net Income | $3,035,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,099,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $143,967 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,978 |
| Total operating and administrative expenses | $160,595 |
| Contributions, gifts, grants paid | $2,525,400 |
| Total expenses and disbursements | $2,685,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,012,538 |
| 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 | $161,721 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,174,259 |
| 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, Welsh Family Foundation Inc has awarded $2,525,400 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
Summit, NJ PURPOSE: UNRESTRICTED | $865,000 |
CLEVELAND CLINIC INDIAN RIVER FOUNDATION PURPOSE: UNRESTRICTED | $770,000 |
THE LEARNING ALLIANCE PURPOSE: UNRESTRICTED | $251,000 |
Vero Beach, FL PURPOSE: UNRESTRICTED | $100,000 |
HABITAT FOR HUMANITY PURPOSE: UNRESTRICTED | $100,000 |
Vero Beach, FL PURPOSE: UNRESTRICTED | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
St2 Foundation Inc Sunny Isles Beach, FL | $11,092,190 | $2,139,284 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |