Raymond John Wean Foundation
- Assets
- $98.7m
- Revenue
- $12.3m
- Investments
- $89.9m
- Employees
- 0
- Location
- Warren, OH
- Founding
- 12/1950
- Data as of
- 12/2021
- EIN
- 34-6505038
Organization Overview
Raymond John Wean Foundation is located in Warren, OH. The organization was established in 1950. 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. Raymond John Wean 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 12/2021, Raymond John Wean Foundation generated $12.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Raymond John Wean Foundation has awarded 289 individual grants totaling $8,613,716. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer E Roller President | 40 | $175,000 | |
Lori Wiebe Admin And Capacity B | 40 | $74,086 | |
Corrie Adams Program Officer | 40 | $71,329 | |
Tara Walker-Pollock Housing Client Manag | 40 | $55,000 | |
Gordon B Wean Chairman | 15 | $0 | |
Carla Baldwin Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,100,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,176,005 |
| Capital Gain Net Income | $10,176,005 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,276,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,000 |
| Other employee salaries and wages | $241,119 |
| Pension plans, employee benefits | $105,840 |
| Interest | $99,915 |
| Taxes | $195,727 |
| Depreciation | $89,213 |
| Occupancy | $38,938 |
| Travel, conferences, and meetings | $6,484 |
| Printing and publications | $0 |
| Other expenses | $181,047 |
| Total operating and administrative expenses | $1,698,129 |
| Contributions, gifts, grants paid | $2,336,940 |
| Total expenses and disbursements | $4,035,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $993,615 |
| Savings and temporary cash investments | $3,778,130 |
| 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 | $1,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,082 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,683,797 |
| Net Land, buildings, and equipment | $2,386,775 |
| Other assets | $85,938 |
| Total assets | $98,679,001 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,709,941 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,704,806 |
| Other liabilities | $99,484 |
| Total liabilities | $4,514,231 |
Grants Awarded
Over the last fiscal year, Raymond John Wean Foundation has awarded $3,588,333 in support to 127 organizations.
| Grant Recipient | Amount |
|---|---|
Youngstown, OH PURPOSE: GENERAL OPERATING SUPPORTING/NEIGHBORHOOD ORGANIZING 2021 | $550,000 |
Warren, OH PURPOSE: GENERAL OPERATING SUPPORT | $475,000 |
Youngstown, OH PURPOSE: 2021 GENERAL OPERATING SUPPORT | $400,000 |
Warren, OH PURPOSE: 2020 GENERAL OPERATING SUPPORT | $325,000 |
Warren, OH PURPOSE: COVID-19: PROGAMMING SUPPORT | $275,000 |
Youngstown, OH PURPOSE: 2021 NEIGHBORHOOD ORGANIZING | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |