John H Witte Jr Foundation
- Assets
- $8.2m
- Revenue
- $467.8k
- Investments
- $8.1m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 02/1980
- Data as of
- 08/2023
- EIN
- 42-6297940
Organization Overview
John H Witte Jr Foundation is located in Milwaukee, WI. The organization was established in 1980. 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. John H Witte Jr 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 08/2023, John H Witte Jr Foundation generated $467.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $519.1k during the year ending 08/2023. While expenses have increased by 2.8% per year over the past 7 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 2016, John H Witte Jr Foundation has awarded 148 individual grants totaling $2,568,771. 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 | $250,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $216,897 |
| Capital Gain Net Income | $216,897 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98 |
| Total Revenue | $467,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,493 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $92,118 |
| Contributions, gifts, grants paid | $427,000 |
| Total expenses and disbursements | $519,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $633 |
| Savings and temporary cash investments | $100,582 |
| 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 | $5,404,970 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,182,795 |
| 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, John H Witte Jr Foundation has awarded $427,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BURLINGTON CAPITOL THEATRE PURPOSE: GENERAL OPERATING | $30,000 |
BURLINGTON AREA YMCA INC PURPOSE: GENERAL OPERATING | $10,000 |
FRIENDS OF BURLINGTON PARKS PURPOSE: GENERAL OPERATING | $20,000 |
JUNIOR ACHIEVEMENT OF THE HEARTLAND PURPOSE: GENERAL OPERATING | $10,000 |
SOUTHEASTERN COMMUNITY COLLEGE FDN PURPOSE: GENERAL OPERATING | $84,000 |
PARTNERS FOR CONSERVATION PURPOSE: GENERAL OPERATING | $25,000 |