Webster Family Foundation
- Assets
- $8.2m
- Revenue
- $504.8k
- Investments
- $8.2m
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 10/2006
- Data as of
- 12/2023
- EIN
- 33-1143931
Organization Overview
Webster Family Foundation is located in Bloomington, MN. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Webster 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 12/2023, Webster Family Foundation generated $504.8k in total revenue. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 58.7% 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 2020, Webster Family Foundation has awarded 44 individual grants totaling $1,733,002. 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 |
|---|---|---|---|
Nancy Webster Trustee | 3 | $0 | |
Charles Webster Jr Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $316,525 |
| Interest on Savings | $0 |
| Dividends & Interest | $196,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,268 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $504,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,211 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $47,914 |
| Contributions, gifts, grants paid | $971,002 |
| Total expenses and disbursements | $1,018,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,301 |
| 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 | $0 |
| Total assets | $8,179,032 |
| 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, Webster Family Foundation has awarded $971,002 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BACKYARD SPORTS CARES PURPOSE: GENERAL USE | $20,000 |
BRICKS TO BREAD PURPOSE: GENERAL USE | $44,210 |
CHRIST PRESBYTERIAN CHURCH PURPOSE: GENERAL USE | $12,217 |
CHURCH OF CHRIST OF THE VALLEY PURPOSE: GENERAL USE | $100,000 |
CITYJOY PURPOSE: GENERAL USE | $50,000 |
EAGLE BROOK CHURCH PURPOSE: GENERAL USE | $100,000 |