Wesorick Family Foundation
- Assets
- $135.2k
- Revenue
- $79.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Spring Lake, MI
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-3148414
Organization Overview
Wesorick Family Foundation is located in Spring Lake, MI. The organization was established in 2009. 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. Wesorick 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 12/2023, Wesorick Family Foundation generated $79.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $70.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wesorick Family Foundation has awarded 243 individual grants totaling $693,055. 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 |
|---|---|---|---|
Bonnie Wesorick President | 1 | $0 | |
David Wesorick Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,130 |
| Interest on Savings | $41 |
| Dividends & Interest | $4,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,618 |
| Capital Gain Net Income | $24,618 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,280 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $134 |
| Total operating and administrative expenses | $1,399 |
| Contributions, gifts, grants paid | $68,575 |
| Total expenses and disbursements | $69,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,781 |
| 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 | $133,381 |
| Total assets | $135,162 |
| 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, Wesorick Family Foundation has awarded $68,575 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: MEDICAL | $300 |
AQUINAS COLLEGE PURPOSE: EDUCATION | $4,000 |
CATHERINE'S HEALTH CARE CENTER PURPOSE: COMMUNITY | $3,000 |
CATHOLIC MEDICAL MISSION BOARD PURPOSE: MEDICAL | $1,000 |
CENTER FOR ACTION & CONTEMPLATION PURPOSE: EDUCATION | $1,000 |
CO REDEMPTORIST ASSOC PURPOSE: RELIGIOUS | $1,000 |