Anne And Martin Welch Charitable Foundation
- Assets
- $63.6k
- Revenue
- $31.4k
- Investments
- $58.9k
- Employees
- 0
- Location
- Bloomfield, MI
- Founding
- 05/1998
- Data as of
- 06/2022
- EIN
- 38-3385005
Organization Overview
Anne And Martin Welch Charitable Foundation is located in Bloomfield, MI. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Anne And Martin Welch Charitable 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 06/2022, Anne And Martin Welch Charitable Foundation generated $31.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $45.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (32.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Anne And Martin Welch Charitable Foundation has awarded 54 individual grants totaling $122,600. 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
CAPITAL AND SCHOLARSHIP
RESEARCH
CHARITABLE
SCHOLARSHIP SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Welch President | 1 | $0 | |
Anne Welch VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,928 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,495 |
| Capital Gain Net Income | $28,495 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,423 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $349 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16 |
| Total operating and administrative expenses | $486 |
| Contributions, gifts, grants paid | $45,100 |
| Total expenses and disbursements | $45,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,670 |
| Savings and temporary cash investments | $0 |
| 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 | $63,563 |
| 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, Anne And Martin Welch Charitable Foundation has awarded $45,100 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OD DETROIT JESUIT HIGH SCHOOL PURPOSE: EDUCATIONAL | $10,000 |
MULTIPLE MYELOMA RESEARCH FDN PURPOSE: CHARITABLE | $6,000 |
CATHOLIC RELIEF SERVICES PURPOSE: CHARITABLE | $5,500 |
DETROIT DOLLARS FOR SCHOLARS PURPOSE: EDUCATIONAL | $5,000 |
THE JESUITS USA MIDWEST PROVINCE PURPOSE: CHARITABLE | $5,000 |
HOLT INTL CHILDREN'S SERVICES PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |
Andrew Squire Testamentary Tr Brooklyn, OH | $55,206,125 | $2,759,650 |
Elma M Lapp Foundation Cincinnati, OH | $48,551,204 | $2,777,654 |
James And Angela Hambrick Foundation Beachwood, OH | $47,675,714 | $9,104,486 |