Robert A & Kathleen M Wolfe Family Foundation
- Assets
- $220.2k
- Revenue
- $16.8k
- Investments
- $219.4k
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-2923184
Organization Overview
Robert A & Kathleen M Wolfe Family Foundation is located in Davenport, IA. The organization was established in 2010. 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. Robert A & Kathleen M Wolfe 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, Robert A & Kathleen M Wolfe Family Foundation generated $16.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $36.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert A & Kathleen M Wolfe Family Foundation has awarded 61 individual grants totaling $335,197. 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 |
|---|---|---|---|
Kathleen M Wolfe President/director | 1 | $0 | |
Thomas Wolfe Vice President | 1 | $0 | |
Sheila Gervase Treasurer | 1 | $0 | |
Kathleen Argo Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $6,045 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,755 |
| Capital Gain Net Income | $10,755 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,573 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $4,314 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $36,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $825 |
| 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 | $219,398 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $220,223 |
| 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, Robert A & Kathleen M Wolfe Family Foundation has awarded $32,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARMSTRONG COOPER YOUTH HOCKEY ASSOCIATION PURPOSE: GENERAL FUNDS | $2,500 |
ASSUMPTION HIGH SCHOOL PURPOSE: TUITION ASSISTANCE | $17,000 |
NAHANT MARSH EDUCATION CENTER PURPOSE: GENERAL FUNDS | $5,000 |
PROJECT 15 12 LOVE ONE ANOTHER PURPOSE: GENERAL FUNDS | $2,500 |
PROJECT RENEWAL PURPOSE: GENERAL FUNDS | $2,500 |
RALLY FOR REID FOUNDATION PURPOSE: GENERAL FUNDS | $3,000 |