Gerald H Westby Jr Foundation
- Assets
- $654.0k
- Revenue
- $40.8k
- Investments
- $579.6k
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-1288880
Organization Overview
Gerald H Westby Jr Foundation is located in Tulsa, OK. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerald H Westby 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 12/2023, Gerald H Westby Jr Foundation generated $40.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $67.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Gerald H Westby Jr Foundation has awarded 75 individual grants totaling $301,120. 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 |
|---|---|---|---|
John T Westby Trustee | 2 | $2,000 | |
Kathleen H Westby Trustee | 2 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,612 |
| Capital Gain Net Income | $16,612 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $187 |
| Total Revenue | $40,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,365 |
| Total operating and administrative expenses | $18,660 |
| Contributions, gifts, grants paid | $49,250 |
| Total expenses and disbursements | $67,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,135 |
| Net Accounts receivable | $284 |
| 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 | $0 |
| Total assets | $654,022 |
| 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, Gerald H Westby Jr Foundation has awarded $49,250 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH SERVICES OF TULSA PURPOSE: SUPPORT FOR TEEN COFFEE HOUSE | $1,750 |
NEWVIEW OKLAHOMA PURPOSE: TECHNOLOGY TRAINING SUPPORT FOR THE BLIND | $6,500 |
SUTTON AVIAN RESEARCH CENTER PURPOSE: SUPPORT FOR SUTTON ART AWARD COMPETITION | $1,000 |
TULSA COMMUNITY FOUNDATION PURPOSE: SUPPORT FOR SIGNATURE SYMPHONY QUARTET | $3,000 |
RSU PUBLIC TELEVISION PURPOSE: 2024 I WANT ANSWERS PROGRAM | $5,000 |
TULSA CHILDREN'S MUSEUM PURPOSE: SUPPORT FOR SPECIAL PROJECTS | $5,000 |