Wep Foundation
- Assets
- $670.6k
- Revenue
- $120.4k
- Investments
- $662.4k
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 47-0986248
Organization Overview
Wep Foundation is located in Charleston, SC. The organization was established in 2014. 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. Wep 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, Wep Foundation generated $120.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $61.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wep Foundation has awarded 43 individual grants totaling $126,700. 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 |
|---|---|---|---|
Walker Buxton Director | 0 | $30,000 | |
Edward Buxton Secretary | 0 | $0 | |
David P Brown Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $91,823 |
| Interest on Savings | $18 |
| Dividends & Interest | $5,105 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,487 |
| Capital Gain Net Income | $23,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,295 |
| Interest | $0 |
| Taxes | $576 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,990 |
| Contributions, gifts, grants paid | $21,850 |
| Total expenses and disbursements | $61,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,174 |
| 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 | $670,550 |
| 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, Wep Foundation has awarded $21,850 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LOW COUNTRY RED CROSS PURPOSE: GENERAL SUPPORT | $1,000 |
MUSC PURPOSE: MURRAY CENTER FOR RESEARCH ON PARKIN | $15,000 |
ZERO THE END OF PROSTATE CANCER PURPOSE: GENERAL SUPPORT | $1,000 |
HOOKED ON MIRACLES PURPOSE: GENERAL SUPPORT | $1,000 |
LEUKEMIA & LYMPHONA FOUNDATION PURPOSE: GENERAL SUPPORT | $100 |
FRIENDS OF THE ENVIRONMENT INC PURPOSE: GENERAL SUPPORT | $500 |