Welsh Family Foundation Inc
- Assets
- $2.3m
- Revenue
- -$4.6k
- Investments
- $2.2m
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 46-0542164
Organization Overview
Welsh Family Foundation Inc is located in Plymouth, MN. The organization was established in 2015. 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. Welsh Family 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.
Since 2016, Welsh Family Foundation Inc has awarded 99 individual grants totaling $976,800. 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 |
|---|---|---|---|
Donna L Welsh Board Member | 1 | $0 | |
Anne M Kimmel Board Member | 1 | $0 | |
Bradley R Welsh Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,249 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $52 |
| Total Revenue | -$4,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $927 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $28,562 |
| Contributions, gifts, grants paid | $87,000 |
| Total expenses and disbursements | $115,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,408 |
| 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 | $0 |
| Other assets | $2,748 |
| Total assets | $2,269,780 |
| 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, Welsh Family Foundation Inc has awarded $87,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BEACON INTERFAITH HOUSING PURPOSE: SUPPORT FOR OPERATIONS | $15,000 |
CRISTO REY JESUIT HIGH SCHOOL PURPOSE: SUPPORT FOR OPERATIONS | $15,000 |
HEIFER PROJECT INTERNATIONAL PURPOSE: SUPPORT FOR OPERATIONS | $10,000 |
MIKEROWEWORKS FOUNDATION PURPOSE: SUPPORT FOR OPERATIONS | $7,000 |
JEREMIAH PROGRAM PURPOSE: SUPPORT FOR OPERATIONS | $15,000 |
RISEN CHRIST CATHOLIC SCHOOL PURPOSE: SUPPORT FOR OPERATIONS | $15,000 |