Jack & Wynnita Joy Westerbeek Family Foundation
- Assets
- $1.1m
- Revenue
- $70.5k
- Investments
- $660.3k
- Employees
- 0
- Location
- Grosse Ile, MI
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 38-3324067
Organization Overview
Jack & Wynnita Joy Westerbeek Family Foundation is located in Grosse Ile, MI. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jack & Wynnita Joy Westerbeek 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 12/2022, Jack & Wynnita Joy Westerbeek Family Foundation generated $70.5k 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 (6.4%) each year. All expenses for the organization totaled $107.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jack & Wynnita Joy Westerbeek Family Foundation has awarded 122 individual grants totaling $946,350. 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 |
|---|---|---|---|
Wynnita J Welsh Director/president | 1 | $0 | |
Gary L Westerbeek Director/treasurer | 2 | $0 | |
D James Barton Director/secretary | 1 | $0 | |
Scot A Westerbeek Director/vice President | 1 | $0 | |
Lori A Westerbeek Director | 1 | $0 | |
Stacey A Westerbeek Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $122 |
| Dividends & Interest | $44,719 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$34,321 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,520 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,517 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $8,001 |
| Contributions, gifts, grants paid | $99,500 |
| Total expenses and disbursements | $107,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $488,898 |
| 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 | $660,329 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,149,227 |
| 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, Jack & Wynnita Joy Westerbeek Family Foundation has awarded $99,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CALVIN UNIVERSITY (CALVIN COLLEGE) PURPOSE: JUBILEE FELLOWSHIP | $1,750 |
CAMPUS CRUSADE FOR CHRIST INC (CRU-STUDENT VENTURE) PURPOSE: NATIONAL URBAN DISCIPLESHIP | $19,700 |
NORTHERN LAKES PARTNERS INC (CRESCENT LAKE BIBLE CAMP) PURPOSE: OPERATING SUPPORT | $4,600 |
FIRST PRESBYTERIAN CHURCH OF TRENTON PURPOSE: PASTORAL RESIDENCY | $4,600 |
CORNERSTONE UNIVERSITY (GRAND RAPIDS THEOLOGICAL SEMINARY) PURPOSE: URBAN COHORT | $6,750 |
INTERNATIONAL NEEDS PURPOSE: PASTOR SUPPORT | $20,800 |