Wedner Family Foundation
- Assets
- $5.0m
- Revenue
- $340.6k
- Investments
- $3.2m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-3863441
Organization Overview
Wedner Family Foundation is located in Palm Beach Gardens, FL. The organization was established in 2009. 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. Wedner 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, Wedner Family Foundation generated $340.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $332.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Wedner Family Foundation has awarded 105 individual grants totaling $1,912,827. 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 |
|---|---|---|---|
Marcus D Wedner President, Director | 1 | $0 | |
Anne T Wedner Sec., Treasurer, Director | 1 | $0 | |
Phil Perelmuter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $238,011 |
| Interest on Savings | $0 |
| Dividends & Interest | $133,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,991 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $413 |
| Total Revenue | $340,632 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,594 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,144 |
| Total operating and administrative expenses | $18,164 |
| Contributions, gifts, grants paid | $314,590 |
| Total expenses and disbursements | $332,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,724,445 |
| 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 | $296,586 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,950,743 |
| 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, Wedner Family Foundation has awarded $314,590 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: TO FURTHER PROGRAM SERVICES | $224,590 |
PLAYER'S PHILANTHROPY FUND PURPOSE: TO FURTHER PROGRAM SERVICES | $3,000 |
TRUMAN NATIONAL SECURITY PROJECT PURPOSE: TO FURTHER PROGRAM SERVICES | $10,000 |
MI VECINO INC PURPOSE: TO FURTHER PROGRAM SERVICES | $17,000 |
WESLEYAN UNIVERSITY PURPOSE: TO FURTHER PROGRAM SERVICES | $60,000 |