Westpex Inc
- Assets
- $180.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Bruno, CA
- Founding
- 11/2004
- Data as of
- 08/2022
- EIN
- 23-7084000
Organization Overview
Westpex Inc is located in San Bruno, CA. The organization was established in 2004. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westpex 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 08/2022, Westpex Inc generated $138.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $142.7k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLDS ANNUAL PHILATELIC EXHIBITION AND PROGRAMS FOR PUBLIC EDUCATION, CONDUCTED YOUTH PHILATELY OUTREACH AND ACTIVITIES, SPONSORED SEMINARS AND MEETINGS, AND MADE GRANTS TO OTHER NONPROFIT ORGANIZATIONS WHICH PROMOTE PHILATELY, PHILATELIC LITERATURE CONSERVATION, AND YOUTH PHILATELY.
Describe the Organization's Program Activity:
Part 3
HELD ANNUAL WESTPEX PUBLIC PHILATELIC EXHIBITION FOR PUBLIC EDUCATION, SPONSORED SEMINARS, AND HOSTED MEETINGS OF VARIOUS PHILATELIC ORGANIZATIONS FROM ALL OVER THE UNITED STATES AND ABROAD.
PROMOTED PHILATELY THROUGH VARIOUS GRANTS TO OTHER NONPROFIT ENTITIES CONDUCTING SIMILAR OR RELATED ACTIVITIES PROMOTING PHILATELY, CONSERVATION OF PHILATELIC LITERATURE, AND YOUTH PHILATETLY IN OTHER PARTS OF THE UNITED STATES
PROMOTED YOUTH EDUCATION IN THE SAN FRANCISCO BAY AREA BY CONDUCTING VARIOUS YOUTH PHILATELIC ACTVITIES DURING ANNUAL WESTPEX EXHIBITION, AND BEFORE THE EVENT THROUGH ITS YOUTH COMMITTEE AND BOY SCOUTS OUTREACH PROGRAM . EXPENSES SHOWN ARE FOR DIRECT COSTS ONLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Reiber Chairperson | 2 | $0 | |
Behruz Nassre Vice Chairperson | 8 | $0 | |
Nestor Nunez Treasurer | 4 | $0 | |
William Lenarz Secretary | 3 | $0 | |
Barry Decker Director | 2 | $0 | |
Edith Eggen Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,601 |
| Total Program Service Revenue | $135,533 |
| Membership dues | $0 |
| Investment income | $263 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $138,397 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,532 |
| Occupancy, rent, utilities, and maintenance | $81,178 |
| Printing, publications, postage, and shipping | $9,546 |
| Other expenses | $28,439 |
| Total expenses | $142,695 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $175,557 |
| Other assets | $0 |
| Total assets | $180,630 |
| Total liabilities | $0 |
| Net assets or fund balances | $180,630 |
Grants Awarded
Over the last fiscal year, Westpex Inc has awarded $14,505 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN PHILATELIC SOCIETY PURPOSE: Support for APS Seminars | $8,255 |
FRIENDS OF WESTERN PHILATELIC LIBRARY INC PURPOSE: Library operations | $5,000 |
AMERICAN ASSOCIATION OF PHILATELIC EXHIBITORS PURPOSE: Youth philately | $1,250 |