Frank L Wedge Memorial Fund
- Assets
- $4.0m
- Revenue
- $559.1k
- Investments
- $3.9m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 41-6189525
Organization Overview
Frank L Wedge Memorial Fund is located in Milwaukee, WI. The organization was established in 2009. 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. Frank L Wedge Memorial Fund 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, Frank L Wedge Memorial Fund generated $559.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $296.6k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Frank L Wedge Memorial Fund has awarded 120 individual grants totaling $1,209,425. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $102,669 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $454,751 |
| Capital Gain Net Income | $454,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,636 |
| Total Revenue | $559,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,947 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $56,565 |
| Contributions, gifts, grants paid | $240,000 |
| Total expenses and disbursements | $296,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $87,609 |
| 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 | $1,046,913 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,532 |
| Total assets | $3,979,263 |
| 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, Frank L Wedge Memorial Fund has awarded $240,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ST ALEXIUS MEDICAL CENTER - TCU PURPOSE: GENERAL OPERATING | $10,000 |
ST LUKES SUNRISE CARE CENTER PURPOSE: GENERAL | $10,000 |
Velva, ND PURPOSE: GENERAL OPERATING | $10,000 |
WOODSIDE VILLAGE PURPOSE: GENERAL SUPPORT | $10,000 |
Tioga, ND PURPOSE: GENERAL OPERATING | $10,000 |
ST BENEDICT'S HEALTH CENTER PURPOSE: GENERAL OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samuel Frankel And Jean Frankel Support Foundation Bloomfield Hills, MI | $0 | $127,796 |
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |