Welk Family Foundation
- Assets
- $2.7m
- Revenue
- $181.8k
- Investments
- $2.4m
- Employees
- 0
- Location
- Aberdeen, SD
- Founding
- 08/1988
- Data as of
- 12/2023
- EIN
- 36-3579562
Organization Overview
Welk Family Foundation is located in Aberdeen, SD. The organization was established in 1988. 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. Welk 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, Welk Family Foundation generated $181.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $220.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Welk Family Foundation has awarded 226 individual grants totaling $1,590,545. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dacotah Bank Trustee | 5 | $25,326 | |
June Helgeson Advisor | 0.1 | $0 | |
Kaye Cahill Advisor | 0.1 | $0 | |
Royce Grimsrud Advisor | 0.1 | $0 | |
Mark Pistorius Advisor | 0.1 | $0 | |
Pat Dady Advisor | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $77,270 |
| Net Rental Income | $29,258 |
| Net Gain on Sale of Assets | $72,214 |
| Capital Gain Net Income | $72,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,790 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,326 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,816 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $120 |
| Other expenses | $52 |
| Total operating and administrative expenses | $40,455 |
| Contributions, gifts, grants paid | $179,749 |
| Total expenses and disbursements | $220,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,114 |
| 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 | $1,006,419 |
| Net Land, buildings, and equipment | $102,945 |
| Other assets | $0 |
| Total assets | $2,656,699 |
| 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, Welk Family Foundation has awarded $179,749 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ANNIKA ESTWICK PURPOSE: SCHOLARSHIPS | $2,500 |
BROWNS VALLEY PUBLIC LIBRARY PURPOSE: PURCHASE AUDIO BOOKS, E-BOOKS AND LARGE PRINT BOOKS FOR THE LIBRARY. | $500 |
COTEAU DES PRAIRIES HOSPITAL PURPOSE: REPLACE OLD INFUSION PUMPS | $51,500 |
BUFFALO LAKE LUTHERAN CHURCH PURPOSE: INSTALL CONCRETE SIDEWALK FOR THE HANDICAP ACCESSIBLE FELLOWSHIP HALL ADDITION. | $1,000 |
EMMANUEL UNITED CHURCH OF CHRIST PURPOSE: IMPROVE THE CHURCH'S HANDICAP ACCESSIBILITY. | $10,000 |
COLTER SCHAUNAMAN HANSON PURPOSE: SCHOLARSHIPS | $2,500 |