Westervelt Foundation
- Assets
- $0.0
- Revenue
- $175.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-2228556
Organization Overview
Westervelt Foundation is located in Tuscaloosa, AL. The organization was established in 2010. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westervelt 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 12/2021, Westervelt Foundation generated $175.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $146.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Westervelt Foundation has awarded 47 individual grants totaling $328,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CATALOG, CURATE, DISPLAY AND SHARE THE PRIVATE ART COLLECTION OWNED BY THE WESTERVELT COMPANY FOR THE BENEFIT OF THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Robbins III President | 5 | $0 | |
Ashley Taylor Vice Pres/secretary | 2 | $0 | |
Charles Hilburn Board Member | 1 | $0 | |
Jim Harrison III Board Member | 1 | $0 | |
Pam Askew Board Member | 1 | $0 | |
Claude Edwards Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $175,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $529 |
| Contributions, gifts, grants paid | $145,550 |
| Total expenses and disbursements | $146,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,701 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $40 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Westervelt Foundation has awarded $183,350 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY FOUNDATION (2022 INSTALLMENT) PURPOSE: ANNUAL GIVING | $2,000 |
JUNIOR ACHIEVEMENT OF TUSCALOOSA (BOWLING) PURPOSE: ANNUAL GIVING | $1,000 |
UNITED WAY OF WEST ALABAMA PURPOSE: ANNUAL GIVING | $52,000 |
CITY OF THOMASVILLE PURPOSE: ANNUAL GIVING | $3,000 |
BRIERFIELD FIRE DEPARTMENT PURPOSE: ANNUAL GIVING | $500 |
JIMMY RANE FOUNDATION PURPOSE: ANNUAL GIVING | $20,000 |