Walters Family Foundation
- Assets
- $18.0m
- Revenue
- $1.8m
- Investments
- $16.9m
- Employees
- 0
- Location
- Milford, MI
- Founding
- 09/2014
- Data as of
- 12/2021
- 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 12/2021, Walters Family Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Walters Family Foundation has awarded 54 individual grants totaling $2,794,108. 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 |
|---|---|---|---|
Peter S Walters Secretary, Treasurer, Dire | 10 | $0 | |
Carol A Walters President & Director | 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 | $1,023,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $819,042 |
| Capital Gain Net Income | $819,042 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,842,537 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $281 |
| Taxes | $30,063 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $216,145 |
| Total operating and administrative expenses | $401,099 |
| Contributions, gifts, grants paid | $853,705 |
| Total expenses and disbursements | $1,254,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,048,811 |
| 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 | $8,115,760 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,742 |
| Total assets | $17,995,622 |
| 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 | $25,953 |
| Total liabilities | $25,953 |
Grants Awarded
Over the last fiscal year, Walters Family Foundation has awarded $853,705 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Alpena, MI 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 |
Detroit, MI 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 |
WATERFORD INSTITUTE INC PURPOSE: WFF FUNDING TO HELP PROVIDE ACADEMIC EQUITY FOR ALL LEARNERS THROUGH COMMUNITY, SCHOOL, AND HOME PROGRAMS. | $100,000 |
Gaylord, MI PURPOSE: WFF FUNDING WILL HELP TO CONSERVE THE FORESTS, LAKES AND STREAMS OF NORTHEAST MICHIGAN. | $75,000 |
Detroit, MI PURPOSE: WFF FUNDING WILL HELP THE DIA TO CREATE EXPERIENCES THAT HELP EACH VISTOR FIND PERSONAL MEANING IN ART. | $63,705 |
TECHTOWN DETROIT PURPOSE: WFF FUNDING WILL HELP TECHTOWN DETROIT TO PROVIDE A POWERFUL CONNECTION TO A BROAD NETWORK OF RESOURCES, CATALYZING ENTIRE COMMUNITIES OF ENTREPRENEURS BEST POISED TO ENERGIZE THE LOCAL ECONOMY. | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gps Education Partners Inc Waukesha, WI | $3,399,978 | $6,380,793 |
Ashley For The Arts Ltd Arcadia, WI | $72,807 | $2,501,773 |
National Interscholastic Athletic Administrators Association Indianapolis, IN | $6,389,694 | $2,742,036 |
Lunda Community Center Inc Black River Falls, WI | $21,403,243 | $624,709 |
Culturesource Detroit, MI | $3,009,357 | $2,825,503 |
Walters Family Foundation Milford, MI | $17,995,622 | $1,842,537 |
The Christine Center Willard, WI | $3,088,185 | $1,329,458 |
Peninsula School Of Art Inc Fish Creek, WI | $7,076,513 | $1,332,274 |
North Lakeland Discovery Center Inc Manitowish, WI | $4,813,502 | $2,765,130 |
Eaa Warbirds Of America Inc Oshkosh, WI | $1,697,464 | $879,039 |
Institutes For Journalism & Natural Resources Madison, WI | $919,874 | $965,038 |
Dayton Public Access Television Inc Dayton, OH | $3,334,474 | $517,341 |