Finis Welch Foundation
- Assets
- $18.1m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 0
- Location
- College Station, TX
- Founding
- 12/2012
- Data as of
- 12/2022
- EIN
- 27-4470063
Organization Overview
Finis Welch Foundation is located in College Station, TX. The organization was established in 2012. 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. Finis Welch 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, Finis Welch Foundation generated $18.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 75.0% each year . All expenses for the organization totaled $429.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Finis Welch Foundation has awarded 12 individual grants totaling $2,248,217. 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 |
|---|---|---|---|
Kevin Murphy Chairman Of The Board | 0.5 | $0 | |
Robert Topel Vice Chair | 0.5 | $0 | |
Lara Anderson President / Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,509,162 |
| Interest on Savings | $1,963 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,511,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,041 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $903 |
| Occupancy | $59,514 |
| Travel, conferences, and meetings | $7,211 |
| Printing and publications | $1,844 |
| Other expenses | $64,786 |
| Total operating and administrative expenses | $153,257 |
| Contributions, gifts, grants paid | $276,494 |
| Total expenses and disbursements | $429,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,871 |
| Savings and temporary cash investments | $17,957,763 |
| 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 | $18,841 |
| Other assets | $96,345 |
| Total assets | $18,136,820 |
| 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, Finis Welch Foundation has awarded $328,851 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMON CARTER MUSEUM PURPOSE: TO FUND PHOTOGRAPHY ACQUISITIONS. | $50,000 |
TEXAS A&M UNIVERSITY PURPOSE: TO PROVIDE SCHOLARSHIPS | $278,851 |