Westlake Foundation Inc
- Assets
- $760.7k
- Revenue
- $10.2k
- Investments
- $760.7k
- Employees
- 0
- Location
- Sterling, VA
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-4401478
Organization Overview
Westlake Foundation Inc is located in Sterling, VA. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westlake 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.
For the year ending 12/2022, Westlake Foundation Inc generated $10.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (34.5%) each year. All expenses for the organization totaled $44.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Westlake Foundation Inc has awarded 52 individual grants totaling $163,572. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Plofchan President | 1 | $0 | |
Kathryn Plofchan Vice President | 1 | $0 | |
Kathryn A Plofchan Bod | 0.5 | $0 | |
Andrew Plofchan Bod | 1 | $0 | |
Thomas K Plofchan III Bod | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,198 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $61,781 |
| Net ST Capital Gain | $61,167 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $552 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $7,905 |
| Contributions, gifts, grants paid | $36,500 |
| Total expenses and disbursements | $44,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $760,708 |
| 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, Westlake Foundation Inc has awarded $36,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DEEP CREEK LAKE SAILING PURPOSE: ELEVATOR FORDISABLED | $7,500 |
THE FUND OF AMERICAN STUDIES PURPOSE: SCHOLARSHIP FUND | $7,000 |
SOCCER WITHOUT BORDERS PURPOSE: SOCCER AND EQUIPMENT | $2,000 |
GABRIEL PROJECT PURPOSE: SUPPORT FOR PROGRAMS | $3,000 |
SHIELDS & STRIPES PURPOSE: SUPPORT FOR PROGRAMS | $7,000 |
SHOOTING TOUCH PURPOSE: HEALTHCARE SPONSORSHIP | $2,000 |