Conway - Welch Family Foundation
- Assets
- $11.1m
- Revenue
- $120.6k
- Investments
- $9.5m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 01/2010
- Data as of
- 12/2022
- EIN
- 26-4421502
Organization Overview
Conway - Welch Family Foundation is located in Nashville, TN. The organization was established in 2010. 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. Conway - Welch 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, Conway - Welch Family Foundation generated $120.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $600.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Conway - Welch Family Foundation has awarded 97 individual grants totaling $1,104,325. 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 |
|---|---|---|---|
Frank Bumstead Director, As Needed | 4 | $31,250 | |
Debbie Hill Director, As Needed | 4 | $34,375 | |
Jeff Mobley Director, As Needed | 4 | $34,375 | |
Rachel Buchanan Director, As Needed | 2 | $21,250 | |
Gwendolyn Collier Director, As Needed | 4 | $47,317 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $234,357 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$113,753 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,604 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $168,567 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $106,841 |
| Total operating and administrative expenses | $285,499 |
| Contributions, gifts, grants paid | $315,044 |
| Total expenses and disbursements | $600,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,071 |
| Savings and temporary cash investments | $1,327,632 |
| 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 | $16,078 |
| Total assets | $11,068,646 |
| 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, Conway - Welch Family Foundation has awarded $315,044 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: WHERE IT IS NEEDED MOST | $84,791 |
CHEEKWOOD BOTANICAL GARDENS PURPOSE: FOR ACTIVE CONDUCT OF EXEMPT PURPOSE | $9,333 |
NASHVILLE SYMPHONY PURPOSE: FOR ACTIVE CONDUCT OF EXEMPT PURPOSE | $60,000 |
TENNESSEE STATE MUSEUM PURPOSE: FOR ACTIVE CONDUCT OF EXEMPT PURPOSE | $60,000 |
THE NASHVILLE FOOD PROJECT PURPOSE: ALLEVIATING HUNGER | $10,000 |
VANDERBILT UNIVERSITY SCHOOL OF NURSING PURPOSE: NURSING EXPANSION PROJECT | $90,920 |