William W Weil Foundation Inc
- Assets
- $7.3m
- Revenue
- $327.0k
- Investments
- $7.1m
- Employees
- 0
- Location
- Leesburg, FL
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 59-3227671
Organization Overview
William W Weil Foundation Inc is located in Leesburg, FL. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. William W Weil Foundation Inc 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, William W Weil Foundation Inc generated $327.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $423.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William W Weil Foundation Inc has awarded 20 individual grants totaling $1,622,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT CHARITABLE ACTIVITIES-ORGANIZATION MAKES CASH CONTRIBUTIONS TO I.R.C. 501 (C)(3) CHARITABLE ORGANIZATIONS TO ASSIST THEM IN ACHIEVING THEIR CHARITABLE GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H John Feldman Dir/pres/sec | 5 | $39,989 | |
Karen B Hart Dir/vp | 5 | $39,989 | |
Thomas W Mckean Director | 5 | $39,989 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37,797 |
| Dividends & Interest | $119,690 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $169,509 |
| Capital Gain Net Income | $169,509 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $326,996 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $119,967 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61 |
| Total operating and administrative expenses | $123,028 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $423,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,417 |
| 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 | $3,780,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,290,290 |
| 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, William W Weil Foundation Inc has awarded $300,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HANCOCK COMMUNITY FOUNDATION PURPOSE: SCHOLARSHIP | $50,000 |
HANCOCK COMMUNITY FOUNDATION PURPOSE: SCHOLARSHIPS | $100,000 |
FRANKLIN PARK COMMITTEE PURPOSE: BASEBALL | $75,000 |
BOYS & GIRLS CLUB PURPOSE: YOUTH PROGRAMS | $75,000 |