Whirlpool Foundation
- Assets
- $17.2m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Benton Harbor, MI
- Founding
- 08/1953
- Data as of
- 12/2021
- EIN
- 38-6077342
Organization Overview
Whirlpool Foundation is located in Benton Harbor, MI. The organization was established in 1953. 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. Whirlpool 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 12/2021, Whirlpool Foundation generated $12.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Whirlpool Foundation has awarded 794 individual grants totaling $61,330,679. 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 |
|---|---|---|---|
Daniele Brown Trustee | 0.2 | $0 | |
Michael Todman President | 0.2 | $0 | |
Bridget Quinn Secretary | 0.2 | $0 | |
Carey Martin Trustee | 0.2 | $0 | |
Donald D'anna Trustee | 0.2 | $0 | |
Pamela Klyn Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,104,557 |
| Interest on Savings | $0 |
| Dividends & Interest | $665 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,105,222 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,642 |
| Total operating and administrative expenses | $37,642 |
| Contributions, gifts, grants paid | $5,266,790 |
| Total expenses and disbursements | $5,304,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,187,489 |
| 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 | $543 |
| Total assets | $17,188,032 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,143,757 |
| 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 | $3,143,757 |
Grants Awarded
Over the last fiscal year, Whirlpool Foundation has awarded $6,874,190 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY (VARIOUS) PURPOSE: UNITED WAY | $2,243,757 |
St Joseph, MI PURPOSE: UNITED WAY | $1,607,152 |
Benton Harbor, MI PURPOSE: STRATGEIC GRANT | $1,210,000 |
Richfield, MN PURPOSE: STRATGEIC GRANT | $250,000 |
HARBOR HABITAT FOR HUMANITY PURPOSE: STRATGEIC GRANT | $250,000 |
Fremont, OH PURPOSE: UNITED WAY | $197,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |