Wesley Family Foundation
- Assets
- $5.7m
- Revenue
- $216.6k
- Investments
- $5.5m
- Employees
- 0
- Location
- Pepper Pike, OH
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2560651
Organization Overview
Wesley Family Foundation is located in Pepper Pike, OH. The organization was established in 2015. 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. Wesley 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 12/2023, Wesley Family Foundation generated $216.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $207.1k during the year ending 12/2023. While expenses have increased by 16.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wesley Family Foundation has awarded 124 individual grants totaling $2,430,443. 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 |
|---|---|---|---|
Kimberly A Wesley President/director | 1 | $0 | |
Michelle R Wesley Vice President/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $123,178 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $93,409 |
| Capital Gain Net Income | $93,409 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $216,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,303 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $22,526 |
| Contributions, gifts, grants paid | $184,546 |
| Total expenses and disbursements | $207,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $178,979 |
| Net Accounts receivable | $2,000 |
| 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 | $5,706,732 |
| Accounts payable and accrued expenses | $145,846 |
| 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 | $145,846 |
Grants Awarded
Over the last fiscal year, Wesley Family Foundation has awarded $184,546 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE CITY MISSION PURPOSE: TO HELP EMPOWER MEN, WOMEN, AND CHILDREN IN CRISIS TO OVERCOME HOMELESSNESS | $4,200 |
HUNGER NETWORK OF GREATER CLEVELAND PURPOSE: TO HELP FIGHT HUNGER. | $10,000 |
ST JUDE CHILDREN'S HOSPITAL PURPOSE: TO HELP FIGHT CHILDHOOD CANCER AND OTHER LIFE-THREATENING DISEASES | $10,000 |
WOUNDED WARRIOR PROJECT PURPOSE: HELPS IMPROVE THE LIVES OF WOUNDED VETERANS | $10,000 |
WESTERN RESERVE LAND CONSERVANCY PURPOSE: TO FUND LAND CONSERVATION, RESTORATION, AND PRESERVATION. | $35,000 |
AKRON SNOW ANGELS PURPOSE: HELP THE HOMELESS IN AKRON OHIO | $5,000 |