Walters Family Foundation
- Assets
- $18.0m
- Revenue
- $1.4m
- Investments
- $16.3m
- Employees
- 0
- Location
- Milford, MI
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 47-1395696
Organization Overview
Walters Family Foundation is located in Milford, MI. 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. Walters Family 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, Walters Family Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Walters Family Foundation has awarded 69 individual grants totaling $3,779,108. 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 |
|---|---|---|---|
Carol A Walters President & Director | 10 | $0 | |
Peter S Walters Secretary, Treasurer, Dire | 10 | $0 | |
Matthew D Walters Director | 0.5 | $0 | |
Joseph P Walters Director | 0.5 | $0 | |
Sarah J Early Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $871,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $566,510 |
| Capital Gain Net Income | $566,510 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,438,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8 |
| Taxes | $33,924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $217,507 |
| Total operating and administrative expenses | $420,066 |
| Contributions, gifts, grants paid | $985,000 |
| Total expenses and disbursements | $1,405,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,698,113 |
| 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 | $3,635,327 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,008,562 |
| 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 | $42,168 |
| Total liabilities | $42,168 |
Grants Awarded
Over the last fiscal year, Walters Family Foundation has awarded $985,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AFFIRMATIONS LESBIAN AND GAY CO PURPOSE: WFF FUNDING WILL PROVIDE SUPPORT IN THE DEVELOPMENT OF A POSITIVE SELF-IMAGE WITHIN GAY, LESBIAN, BISEXUAL, AND TRANSGENDER PEOPLE AND THE COMMUNITY AS A WHOLE. | $35,000 |
CORRAL RIDING ACADEMY PURPOSE: WFF FUNDING WILL EQUIPS ADOLESCENT GIRLS IN HIGH-RISK SITUATIONS THROUGH A LONG-TERM, HOLISTIC PROGRAM OF EQUINE THERAPY AND EDUCATION TO PREPARE EACH GIRL AND HER COMMUNITY WITH SKILLS, RESOURCES, AND OPPORTUNITIES SO THAT SHE CAN GAIN ACCESS TO A BRIGHT FUTURE. | $25,000 |
CONSERVATION RESOURCE ALLIANCE PURPOSE: WFF FUNDING WILL HELP TO PRESERVE AND PROTECT NORTHERN MICHIGAN'S WATERWAYS, WILDLIFE, AND FORESTS FOR FUTURE GENERATIONS. | $150,000 |
DETROIT RIVERFRONT CONSERVANCY INC PURPOSE: WFF FUNDING WILL HELP TO UNDERTAKE THE ESTABLISHMENT, IMPROVEMENT, OPERATIONS, MAINTENANCE, AND CONSERVATION OF PUBLIC PARKS, PROMENADES, AND OTHER PUBLIC GREEN SPACE ALONG THE DETROIT INTERNATIONAL RIVERFRONT FOR THE RECREATION AND ENJOYMENT OF THE GENERAL PUBLIC IN PERPETUITY. | $100,000 |
DOWNTOWN BOXING GYM YOUTH PROGRM PURPOSE: WWF FUNDING WILL HELP EMPOWER DETROIT STUDENTS TO BE POSITIVE AND PRODUCTIVE MEMBERS OF SOCIETY. | $100,000 |
FRIENDS OF THUNDER BAY NATIONAL MARINE SANCTUARY PURPOSE: WFF FUNDING WILL HELP TO FUND AND SUPPORT THE OPERATIONS AND PROGRAMS OF THE THUNDER BAY NATIONAL MARINE SANCTUARY THIS INCLUDES PROVIDING EDUCATIONAL OPPORTUNITIES AT THE SANCTUARY BUILDING AND WITHIN THE SANCTUARY BOUNDARIES. | $115,000 |