Wethington Family Foundation 06082016
- Assets
- $720.0k
- Revenue
- $79.5k
- Investments
- $710.8k
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 32-6432094
Organization Overview
Wethington Family Foundation 06082016 is located in Mclean, VA. The organization was established in 2016. 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. Wethington Family Foundation 06082016 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, Wethington Family Foundation 06082016 generated $79.5k in total revenue. All expenses for the organization totaled $86.2k during the year ending 12/2021. While expenses have increased by 18.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wethington Family Foundation 06082016 has awarded 36 individual grants totaling $295,125. 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 |
|---|---|---|---|
Bryan Lewis Wethington Trustee | 0 | $0 | |
Catherine Amelia Ruth Wethington Trustee | 0 | $0 | |
Nadine Peiffer Wethington Trustee | 0 | $0 | |
Olin Lewis Wethington Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $22,404 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,086 |
| Capital Gain Net Income | $57,086 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,491 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $183 |
| Total operating and administrative expenses | $2,163 |
| Contributions, gifts, grants paid | $84,000 |
| Total expenses and disbursements | $86,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,457 |
| Savings and temporary cash investments | $3,741 |
| 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 | $710,776 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $719,974 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,883 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,883 |
Grants Awarded
Over the last fiscal year, Wethington Family Foundation 06082016 has awarded $84,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTIC COUNCIL PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE GRANTEE | $50,000 |
TRINITY UNITED METHODIST CHURCH PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE GRANTEE | $10,000 |
Washington, DC PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE GRANTEE | $10,000 |
ST MICHAEL'S EPISCOPAL CHURCH PURPOSE: TO SUPPORT THE CHARITABLENO RELATIONSHIP MISSION OF THE GRANTEE | $5,000 |
Washington, DC PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE GRANTEE | $5,000 |
Washington, DC PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE GRANTEE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |
Sylvan C Herman Foundation Inc Washington, DC | $0 | $6,659,474 |
Naomi And Nehemiah Cohen Foundation Virginia Corporation Bethesda, MD | $106,455,928 | $12,590,743 |