James And Jane Welch Foundation
- Assets
- $5.9m
- Revenue
- $241.6k
- Investments
- $5.8m
- Employees
- 0
- Location
- Ada, MI
- Founding
- 08/1990
- Data as of
- 09/2023
- EIN
- 38-2927749
Organization Overview
James And Jane Welch Foundation is located in Ada, MI. The organization was established in 1990. 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. James And Jane Welch 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 09/2023, James And Jane Welch Foundation generated $241.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $439.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, James And Jane Welch Foundation has awarded 146 individual grants totaling $2,251,000. 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 |
|---|---|---|---|
Jane N Welch President | 0 | $0 | |
Charles B Welch Treasurer | 0 | $0 | |
Thomas B Welch Vice Preside | 0 | $0 | |
Elizabeth M Welch Secretary | 0 | $0 | |
John B Welch Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $109,161 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $132,487 |
| Capital Gain Net Income | $132,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $241,648 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,944 |
| Total operating and administrative expenses | $56,593 |
| Contributions, gifts, grants paid | $382,500 |
| Total expenses and disbursements | $439,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $87,520 |
| 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 | $5,815,795 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,903,315 |
| 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, James And Jane Welch Foundation has awarded $382,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF ST LUCIE CNTY PURPOSE: GENERAL CONTRIBUTION | $32,000 |
CAMP HENRY PURPOSE: GENERAL CONTRIBUTION | $5,000 |
COLLIER COMMUNITY FOUNDATION PURPOSE: FRESH START FUND | $5,000 |
COMMUNITY FOOD CLUB PURPOSE: GENERAL CONTRIBUTION | $20,000 |
DA BLODGETT - ST JOHNS HOME PURPOSE: GENERAL CONTRIBUTION | $5,000 |
FEEDING AMERICA WEST MICHIGAN PURPOSE: GENERAL CONTRIBUTION | $20,000 |