Leo J Wahl Foundation
- Assets
- $115.8k
- Revenue
- $75.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Sterling, IL
- Founding
- 12/1987
- Data as of
- 12/2022
- EIN
- 36-3447061
Organization Overview
Leo J Wahl Foundation is located in Sterling, IL. The organization was established in 1987. 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. Leo J Wahl 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 12/2022, Leo J Wahl Foundation generated $75.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $138.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Leo J Wahl Foundation has awarded 365 individual grants totaling $798,892. 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
POST SECONDARY EDUCATION SCHOLARSHIPS AWARDED TO 69 INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Cushing President | 1 | $0 | |
Melissa Woessner Treasurer | 1 | $0 | |
John A Van Osdol Secretary | 1 | $0 | |
Amanda Wahl Board Member | 0.5 | $0 | |
Ann B White Board Member | 0.5 | $0 | |
Paula Giblin Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $82 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $26 |
| Contributions, gifts, grants paid | $138,652 |
| Total expenses and disbursements | $138,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,407 |
| Savings and temporary cash investments | $101,372 |
| 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 | $115,779 |
| 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, Leo J Wahl Foundation has awarded $138,652 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
BANNICK KATIE PURPOSE: COLLEGE EXPENSES | $1,200 |
BELLING ERIN PURPOSE: COLLEGE EXPENSES | $2,000 |
AKERMAN LUKE PURPOSE: COLLEGE EXPENSES | $2,000 |
BARLOW BRITTANY PURPOSE: COLLEGE EXPENSES | $1,500 |
ADAMS MADELYNN PURPOSE: COLLEGE EXPENSES | $1,800 |
ADAMS MASON PURPOSE: COLLEGE EXPENSES | $4,000 |