Waddell Foundation
- Assets
- $4.5m
- Revenue
- $216.0k
- Investments
- $4.3m
- Employees
- 0
- Location
- Marion, OH
- Founding
- 04/1939
- Data as of
- 05/2024
- EIN
- 31-4386851
Organization Overview
Waddell Foundation is located in Marion, OH. The organization was established in 1939. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waddell 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 05/2024, Waddell Foundation generated $216.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $219.4k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Waddell Foundation has awarded 90 individual grants totaling $1,086,185. 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 |
|---|---|---|---|
James P Waddell President | 0 | $6,000 | |
Michael Payette Vice Preside | 0 | $6,000 | |
Trenton J Waddell Trustee | 0 | $6,000 | |
Tim Waddell Secretary | 0 | $8,400 | |
Robert Waddell Trustee | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,424 |
| Dividends & Interest | $94,681 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,932 |
| Capital Gain Net Income | $114,932 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $216,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,826 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,399 |
| Total operating and administrative expenses | $76,865 |
| Contributions, gifts, grants paid | $142,560 |
| Total expenses and disbursements | $219,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,967 |
| Savings and temporary cash investments | $94,669 |
| 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 | $1,199 |
| Total assets | $4,480,931 |
| 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 | $90,246 |
| Total liabilities | $90,246 |
Grants Awarded
Over the last fiscal year, Waddell Foundation has awarded $167,560 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
MARION COUNTY FED WOMENS PURPOSE: HISTORICAL | $21,200 |
MARION GENERAL HOSPITAL FOUNDATION PURPOSE: HEALTH | $20,000 |
OHIO HISTORICAL SOCIETY PURPOSE: HISTORICAL | $25,000 |
LIFE CARE ALLIANCE PURPOSE: HEALTH & NUTRITION | $10,000 |
OHIO HISTORICAL SOCIETY PURPOSE: HISTORICAL | $25,000 |
MARION PALACE THEATRE PURPOSE: ARTS/CULTURAL | $5,000 |