Morris & Clara Weshnak Family Foundation
- Assets
- $3.0m
- Revenue
- $588.6k
- Investments
- $2.9m
- Employees
- 0
- Location
- Sea Girt, NJ
- Founding
- 05/1999
- Data as of
- 12/2022
- EIN
- 22-3591607
Organization Overview
Morris & Clara Weshnak Family Foundation is located in Sea Girt, NJ. The organization was established in 1999. 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. Morris & Clara Weshnak 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 12/2022, Morris & Clara Weshnak Family Foundation generated $588.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $772.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Weshnak Trustee | 0 | $0 | |
Carol Anne Cawley Weshnak Trustee | 0 | $0 | |
Robert J Saxton Trustee | 0 | $0 | |
Rachel Weshnak Trustee | 5 | $2,000 | |
Michael Weshnak Trustee | 0 | $0 | |
Scott J Landau Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,200 |
| Interest on Savings | $29,246 |
| Dividends & Interest | $97,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $444,190 |
| Capital Gain Net Income | $444,190 |
| Net ST Capital Gain | $184,807 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,024 |
| Total Revenue | $588,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,921 |
| Total operating and administrative expenses | $39,074 |
| Contributions, gifts, grants paid | $733,071 |
| Total expenses and disbursements | $772,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,860 |
| 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 | $2,976,817 |
| 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 |