Nathan Weidner Memorial Foundation Inc
- Assets
- $1.1m
- Revenue
- $30.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Bay City, MI
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 38-3262641
Organization Overview
Nathan Weidner Memorial Foundation Inc is located in Bay City, MI. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nathan Weidner Memorial Foundation Inc 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, Nathan Weidner Memorial Foundation Inc generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $64.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO AID & ASSIST IN CHARITABLE & EDUCATIONAL ACTIVITIES FOR THE MORAL, INTELLECTUAL AND PHYSICAL DEVELOPMENT OF YOUNG MEN & WOMEN OF BAY COUNTY. PROVIDE SCHOLARSHIPS AND ASSIST IN MAINTENANCE OF INSTITUTIONS OR ASSOCIATIONS FOR THE ADVANCEMENT OF LEARNING FOR THAT GROUP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - THE FOUNDATION PROVIDES SCHOLARSHIPS FOR THE FINANCIALLY CHALLENGED YOUTH IN THE BAY COUNTY COMMUNITY. TO DATE, WE HAVE AWARDED OVER 200 SCHOLARSHIPS TO DELTA COLLEGE AND HOPE TO EXPAND OUR SCHOLARSHIP PROGRAM TO FOUR-YEAR INSTITUTIONS.
SCHOLARSHIPS - THE FOUNDATION PROVIDES SCHOLARSHIPS FOR THE FINANCIALLY CHALLENGED YOUTH IN THE BAY COUNTY COMMUNITY. TO DATE, WE HAVE AWARDED OVER 200 SCHOLARSHIPS TO DELTA COLLEGE AND HOPE TO EXPAND OUR SCHOLARSHIP PROGRAM TO FOUR-YEAR INSTITUTIONS.
CHILDRENS ADVOCACY CENTER - THROUGH THE BAY COUNTY COUNCIL FOR THE PREVENTION OF CHILD ABUSE AND NEGLECT, THE FOUNDATION PROVIDES ASSISTANCE FOR THE ABUSED AND NEGLECTED CHILDREN IN THE BAY COUNTY COMMUNITY. THE CENTER IS LOCATED AT 715 N. EUCLID AVE., BAY CITY, MI.THE CENTER AIDS APPROXIMATELY 2000 ABUSED CHILDREN EACH YEAR IN REDUCING THE EFFECTS OF THE TRAUMA THESE ABUSED CHILDREN HAVE EXPERIENCED.
CHILDRENS ADVOCACY CENTER - THROUGH THE BAY COUNTY COUNCIL FOR THE PREVENTION OF CHILD ABUSE AND NEGLECT, THE FOUNDATION PROVIDES ASSISTANCE FOR THE ABUSED AND NEGLECTED CHILDREN IN THE BAY COUNTY COMMUNITY. THE CENTER IS LOCATED AT 715 N. EUCLID AVE., BAY CITY, MI.THE CENTER AIDS APPROXIMATELY 2000 ABUSED CHILDREN EACH YEAR IN REDUCING THE EFFECTS OF THE TRAUMA THESE ABUSED CHILDREN HAVE EXPERIENCED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Preston Secretary | 0.5 | $0 | |
Sandy Meyer Director | 0.25 | $0 | |
Judge Kenneth Schmidt Director | 0.25 | $0 | |
Matthew Weidner Director | 0.5 | $0 | |
Debbie Everitt Director | 0.25 | $0 | |
Matt Schmidt President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $950 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,633 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,536 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $108 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,205 |
| Total operating and administrative expenses | $10,963 |
| Contributions, gifts, grants paid | $53,000 |
| Total expenses and disbursements | $63,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,413 |
| Savings and temporary cash investments | $49,572 |
| 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 | $1,141,837 |
| 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, Nathan Weidner Memorial Foundation Inc has awarded $53,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAN COUNCIL PURPOSE: AID ABUSED CHILDREN IN BAY COUNTY | $15,000 |
DELTA COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $38,000 |