Wexner Center Foundation
- Assets
- $11.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Columbus, OH
- Founding
- 10/1990
- Data as of
- 06/2022
- EIN
- 31-1306419
Organization Overview
Wexner Center Foundation is located in Columbus, OH. The organization was established in 1990. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Wexner Center Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wexner Center 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 06/2022, Wexner Center Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wexner Center Foundation has awarded 12 individual grants totaling $24,966,787. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS THE WEXNER CENTER FOR THE ARTS, A DIVISION OF THE OHIO STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO THE WEXNER CENTER FOR THE ARTS, A DIVISION OF THE OHIO STATE UNIVERSITY AS WELL AS TO THE COLUMBUS FOUNDATION FOR INCLUSION IN AN ENDOWMENT FUND BENEFITING THE WEXNER CENTER FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie H Wexner Chairman/trustee | OfficerTrustee | 1 | $0 |
Bill Lambert President/trustee | OfficerTrustee | 1 | $0 |
Kristina M Johnson Vice Chair/trustee | OfficerTrustee | 1 | $0 |
Bruce A Soll Treasurer/ex-Officio Trust | Officer | 1 | $0 |
Mark E Vannatta Secretary/ex-Officio Trust | Officer | 1 | $0 |
David M Aronowitz Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $415,568 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,898,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,313,762 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,313,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,017,411 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $158,805 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,461 |
| Advertising and promotion | $0 |
| Office expenses | $3,192 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,971 |
| All other expenses | $17,250 |
| Total functional expenses | $2,334,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $565,652 |
| Pledges and grants receivable | $758,467 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,712 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,030,859 |
| Total assets | $11,357,690 |
| Accounts payable and accrued expenses | $202 |
| Grants payable | $348,967 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $349,169 |
| Net assets without donor restrictions | $10,462,521 |
| Net assets with donor restrictions | $546,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,357,690 |
Grants Awarded
Over the last fiscal year, Wexner Center Foundation has awarded $6,222,458 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: ARTS AND HUMANITIES | $2,533,581 |
Columbus, OH PURPOSE: ARTS AND HUMANITIES | $2,533,581 |
Columbus, OH PURPOSE: ARTS AND HUMANITIES | $577,648 |
Columbus, OH PURPOSE: ARTS AND HUMANITIES | $577,648 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Wexner Center Foundation has recieved totaling $914,973.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: ARTS AND HUMANITIES | $408,081 |
Greater Columbus Arts Council Inc Columbus, OH PURPOSE: GRANTS TO PROMOTE ART AND CULTURE IN COLUMBUS | $374,392 |
L Brands Foundation Columbus, OH PURPOSE: ARTS AND HUMANITIES | $75,000 |
L Brands Foundation Columbus, OH PURPOSE: ARTS AND HUMANITIES | $50,000 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |