West Family Foundation
- Assets
- $1.6m
- Revenue
- $253.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- Coralville, IA
- Founding
- 09/2002
- Data as of
- 06/2022
- EIN
- 33-1006158
Organization Overview
West Family Foundation is located in Coralville, IA. The organization was established in 2002. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. West 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 06/2022, West Family Foundation generated $253.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $100.6k during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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 2015, West Family Foundation has awarded 130 individual grants totaling $424,367. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen L West President | 1 | $0 | |
Ryan West Director | 1 | $0 | |
Robin Walenta Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $102,245 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,889 |
| Capital Gain Net Income | $110,889 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $253,410 |
| 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 | $881 |
| Total operating and administrative expenses | $15,532 |
| Contributions, gifts, grants paid | $85,038 |
| Total expenses and disbursements | $100,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,903 |
| 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 | $1,603,270 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,633,173 |
| 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, West Family Foundation has awarded $85,038 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Iowa City, IA PURPOSE: DONATION OF GRAND PIANO | $22,011 |
THE UNIVERSITY OF IOWA CENTER FOR ADVANCEMENT PURPOSE: HMB DEVELOPMENT FUND AND HANCHER CIRCLE FUND | $18,000 |
Iowa City, IA PURPOSE: CAPITAL CAMPAIGN | $10,000 |
Cedar Rapids, IA PURPOSE: GENERAL FUND | $10,000 |
DISABLED INDIVIDUALS PURPOSE: MUSIC THERAPY | $7,746 |
VH1 SAVE THE MUSIC FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suzanne And Walter Scott Foundation Omaha, NE | $379,612,870 | $69,664,147 |
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |