Wadhams Family Foundation
- Assets
- $16.4m
- Revenue
- $1.5m
- Investments
- $16.4m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 47-4718116
Organization Overview
Wadhams Family Foundation is located in Ann Arbor, MI. The organization was established in 2016. 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. Wadhams 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, Wadhams Family Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $999.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Wadhams Family Foundation has awarded 75 individual grants totaling $2,739,437. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
CORPORATION MAKES GRANTS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE CODE. FOUNDATION WILL PROMOTE COMMUNITY EDUCATION, SUPPORT CULTURE,THE ARTS, SOCIAL WELFARE AND COMMUNITY BEAUTIFICATION.
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 |
|---|---|---|---|
Laurie G Wadhams Secretary | 0 | $0 | |
Timothy Wadhams Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $90,924 |
| Dividends & Interest | $300,426 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $452,835 |
| Capital Gain Net Income | $452,835 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $688,897 |
| Total Revenue | $1,533,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $20 |
| Taxes | $760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $233,660 |
| Contributions, gifts, grants paid | $766,000 |
| Total expenses and disbursements | $999,660 |
| 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 | $11,946,061 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,365,705 |
| 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, Wadhams Family Foundation has awarded $766,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Ann Arbor, MI PURPOSE: COMMUNITY SPORTS | $200,000 |
Washington, DC PURPOSE: EDUCATIONAL SUPPORT | $200,000 |
WCC FOUNDATION PURPOSE: SCHOLARSHIP SUPPORT | $65,000 |
STATE & MI THEATER CAMPAIGN PURPOSE: THEATRE CAMPAIGN | $50,000 |
OZONE HOUSE PURPOSE: HOMELESS TEEN SUPPORT | $50,000 |
UNITED WAY PURPOSE: COMMUNITY SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |