Richard L & Lois S Werner Family Foundation
- Assets
- $1.2m
- Revenue
- $52.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 23-7911213
Organization Overview
Richard L & Lois S Werner Family Foundation is located in Boca Raton, FL. The organization was established in 2000. 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. Richard L & Lois S Werner 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, Richard L & Lois S Werner Family Foundation generated $52.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $185.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richard L & Lois S Werner Family Foundation has awarded 472 individual grants totaling $943,021. 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 |
|---|---|---|---|
Richard L Werner Trustee | 2 | $0 | |
Lois S Werner Trustee | 2 | $0 | |
Elise W Frost Trustee | 2 | $0 | |
Mindy H Werner Trustee | 2 | $0 | |
Bruce D Werner Trustee | 2 | $0 | |
Daniel M Alter Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47 |
| Dividends & Interest | $39,413 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,652 |
| Capital Gain Net Income | $12,652 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,976 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $124 |
| Total operating and administrative expenses | $9,272 |
| Contributions, gifts, grants paid | $175,800 |
| Total expenses and disbursements | $185,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,931 |
| Savings and temporary cash investments | $45,228 |
| 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 | $1,166,347 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,218,506 |
| 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, Richard L & Lois S Werner Family Foundation has awarded $175,800 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
ADELPHI UNIVERSITY PURPOSE: GENERAL SUPPORT | $250 |
ALEXANDER MUSS INSTITUTE OF ISRAEL EDUCATION PURPOSE: GENERAL SUPPORT | $1,200 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $250 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: GENERAL SUPPORT | $500 |
AMERICAN COMMITTEE FOR WEIZMAN INSTITUTE OF SCIENCE PURPOSE: GENERAL SUPPORT | $250 |
AMERICAN ISRAEL CULTURAL FOUNDATION PURPOSE: GENERAL SUPPORT | $250 |