Walsh Fund
- Assets
- $102.5k
- Revenue
- $3.5k
- Investments
- $92.3k
- Employees
- 0
- Location
- Macomb, IL
- Founding
- 02/1961
- Data as of
- 12/2022
- EIN
- 42-6052697
Organization Overview
Walsh Fund is located in Macomb, IL. The organization was established in 1961. 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. Walsh 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 12/2022, Walsh Fund generated $3.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $9.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Midamerica National Bank Co-Trustee | 2 | $1,186 | |
David Lundy Jr Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,599 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $937 |
| Capital Gain Net Income | $937 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,186 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $281 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8 |
| Total operating and administrative expenses | $1,925 |
| Contributions, gifts, grants paid | $7,200 |
| Total expenses and disbursements | $9,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,115 |
| 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 | $82,275 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,000 |
| Total assets | $102,458 |
| 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, Walsh Fund has awarded $7,200 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE GREENWICH ACADEMY PURPOSE: GENERAL | $1,000 |
GREENWICH HOSPITAL FOUNDATION PURPOSE: GENERAL | $500 |
PATHWAYS INC PURPOSE: GENERAL | $600 |
GREENWICH EMERGENCY MEDICAL SERVICE INC PURPOSE: GENERAL | $1,500 |
RED CLOUD INDIAN SCHOOL PURPOSE: GENERAL | $3,600 |