Albert J Weatherhead Iii Foundation Co Thomas F Allen
- Assets
- $11.6m
- Revenue
- $966.0k
- Investments
- $11.3m
- Employees
- 0
- Location
- Mayfield Heights, OH
- Founding
- 07/1975
- Data as of
- 12/2021
- EIN
- 51-0137950
Organization Overview
Albert J Weatherhead Iii Foundation Co Thomas F Allen is located in Mayfield Heights, OH. The organization was established in 1975. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert J Weatherhead Iii Foundation Co Thomas F Allen 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, Albert J Weatherhead Iii Foundation Co Thomas F Allen generated $966.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $665.7k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 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 2017, Albert J Weatherhead Iii Foundation Co Thomas F Allen has awarded 12 individual grants totaling $1,675,207. 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 |
|---|---|---|---|
Charles E Sheedy Vice President | 1 | $0 | |
Celia J Weatherhead President | 1 | $0 | |
Terri Lacy Secretary/treasurer | 1 | $0 | |
Scott Cowen Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $137,493 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $826,320 |
| Capital Gain Net Income | $833,652 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,137 |
| Total Revenue | $965,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,786 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $161,243 |
| Contributions, gifts, grants paid | $504,442 |
| Total expenses and disbursements | $665,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,295 |
| Savings and temporary cash investments | $285,599 |
| 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 | $193,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,637,912 |
| 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, Albert J Weatherhead Iii Foundation Co Thomas F Allen has awarded $504,442 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT THE GLOBAL STUDIES | $254,290 |
TULANE UNIV SCHOOL OF PUBLIC HEALTH & TROPICAL MED PURPOSE: TO AID THE ORGANIZATION IN CARRYING OUT THEIR EXEMPT PURPOSE. | $142,080 |
TULANE UNIVERSITY SCHOOL OF PUBLIC HEALTH PURPOSE: TO AID THE ORGANIZATION IN CARRYING OUT THEIR EXEMPT PURPOSE. | $108,072 |