Drew Arthur Wendt Memorial Foundation
- Assets
- $1.1m
- Revenue
- $201.2k
- Investments
- $494.6k
- Employees
- 0
- Location
- West Jordan, UT
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 45-4447370
Organization Overview
Drew Arthur Wendt Memorial Foundation is located in West Jordan, UT. The organization was established in 2013. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Drew Arthur Wendt Memorial 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 12/2022, Drew Arthur Wendt Memorial Foundation generated $201.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $152.0k during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 8 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, Drew Arthur Wendt Memorial Foundation has awarded 153 individual grants totaling $783,000. 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 |
|---|---|---|---|
Darcel Wendt Presdirector | 5 | $0 | |
Deena Wendt Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $115 |
| Dividends & Interest | $6,881 |
| Net Rental Income | -$6,692 |
| Net Gain on Sale of Assets | $158,956 |
| Capital Gain Net Income | $158,956 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $201,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,398 |
| Depreciation | $17,795 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,712 |
| Total operating and administrative expenses | $47,969 |
| Contributions, gifts, grants paid | $104,000 |
| Total expenses and disbursements | $151,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,180 |
| Savings and temporary cash investments | $282,997 |
| 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 | $310,595 |
| Investments—mortgage loans | $0 |
| Investments—other | $250,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,095,374 |
| 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, Drew Arthur Wendt Memorial Foundation has awarded $104,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT-A-NATIVE ELDER PROGRAM PURPOSE: PROVIDE FOOD SHOES MEDICINES & CLOTHING | $5,000 |
AUSTISM RESEARCH INSTITUTE PURPOSE: NETWORKING IN AUTISM SPRECTRUM | $5,000 |
BIG BROTHERS-BIG SISTERS OF UT PURPOSE: YOUTH SUPPORT AND YOUTH-MENTORING PROGRAMS | $4,000 |
CHILDRENS MIRACLE NETWORK PURPOSE: FUND CHILDREN HOSPITALS | $1,500 |
FOURTH STREET CLINIC PURPOSE: HELP HOMELESS IMPROVE HEALTH & QUALITY OF LIFE | $8,500 |
CHARITY NAVIGATOR PURPOSE: PROVIDE RATINGS FOR NONPROFIT INVESTMENT DECISIONS | $2,500 |