Mead Witter Foundation Inc
- Assets
- $52.2m
- Revenue
- $5.5m
- Investments
- $47.0m
- Employees
- 0
- Location
- Wisconsin Rapids, WI
- Founding
- 03/1953
- Data as of
- 12/2023
- EIN
- 39-6040071
Organization Overview
Mead Witter Foundation Inc is located in Wisconsin Rapids, WI. 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. Mead Witter 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 12/2023, Mead Witter Foundation Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $581.5k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia L Henke Treasurer | 30 | $55,654 | |
Shawn Johnston Pres/secr | 40 | $99,650 | |
Susan A Feith Chairman | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,392 |
| Dividends & Interest | $854,446 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,681,453 |
| Capital Gain Net Income | $4,681,453 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,538,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,304 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,965 |
| Interest | $0 |
| Taxes | $95,468 |
| Depreciation | $72,197 |
| Occupancy | $48,958 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70,117 |
| Total operating and administrative expenses | $459,924 |
| Contributions, gifts, grants paid | $121,590 |
| Total expenses and disbursements | $581,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,007 |
| Savings and temporary cash investments | $1,439,507 |
| 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 | $3,641,730 |
| Other assets | $0 |
| Total assets | $52,197,901 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,199,020 |
| 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 | $3,199,020 |