Whirlpool Foundation
- Assets
- $17.6m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Benton Harbor, MI
- Founding
- 08/1953
- Data as of
- 12/2023
- 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 12/2023, Whirlpool Foundation generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $14.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Whirlpool Foundation has awarded 1,104 individual grants totaling $79,155,307. 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 |
|---|---|---|---|
Deb O'connor Managing Director | 0.12 | $0 | |
Michael Todman President | 0.12 | $0 | |
Sheena Bailey Secretary | 0.12 | $0 | |
Jennifer Powers Treasurer | 0.12 | $0 | |
Daniele Brown Trustee | 0.12 | $0 | |
Donald D'anna Trustee | 0.12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,700,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $708,986 |
| 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 | $7,408,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,273 |
| Total operating and administrative expenses | $49,494 |
| Contributions, gifts, grants paid | $14,489,083 |
| Total expenses and disbursements | $14,538,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,588,877 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $9,000 |
| 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 | $17,597,877 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,712,958 |
| 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 | $10,712,958 |
Grants Awarded
Over the last fiscal year, Whirlpool Foundation has awarded $7,945,802 in support to 187 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY INTERNATIONAL PURPOSE: BUILDBETTER WITH WHIRLPOOL | $1,000,000 |
UNITED WAY OF EAST CENTRAL IOWA PURPOSE: UNITED WAY | $37,726 |
UNITED WAY OF THE OCOEE REGION PURPOSE: UNITED WAY | $123,646 |
UNITED WAY OF SANDUSKY COUNTY PURPOSE: UNITED WAY | $218,173 |
UNITED WAY OF GREATER FALL RIVER PURPOSE: UNITED WAY | $9,615 |
UNITED WAY OF HANCOCK COUNTY PURPOSE: UNITED WAY | $53,101 |