Wadhams Family Foundation
- Assets
- $14.6m
- Revenue
- $541.3k
- Investments
- $14.6m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 01/2016
- Data as of
- 12/2022
- 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 12/2022, Wadhams Family Foundation generated $541.3k 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 (43.4%) each year. All expenses for the organization totaled $861.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Wadhams Family Foundation has awarded 88 individual grants totaling $3,306,926. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Wadhams Trustee | 0 | $0 | |
Laurie G Wadhams Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $303,007 |
| Dividends & Interest | $251,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $179,321 |
| Capital Gain Net Income | $179,321 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$192,932 |
| Total Revenue | $541,253 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $117,303 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $293,556 |
| Contributions, gifts, grants paid | $567,489 |
| Total expenses and disbursements | $861,045 |
| 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 | $8,578,789 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,573,333 |
| 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 $567,489 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
STATE & MI THEATER CAMPAIGN PURPOSE: THEATRE CAMPAIGN | $50,000 |
SHELTER ASSOC WASHTENAW CTY PURPOSE: GEN FUND SUPPORT- HOMELESSNESS | $27,500 |
GIRLS GROUP PURPOSE: RESOURCES FOR YOUNG WOMEN | $10,000 |
STUDENT CONSERVATION ASSOC PURPOSE: ENVIROMENTAL SUPPORT | $25,000 |
THERAPEUTIC RIDING PURPOSE: THERAPY RIDING FOR DISABLED | $2,500 |
UNITED WAY PURPOSE: COMMUNITY SUPPORT | $50,000 |