Wes Welker Foundation
- Assets
- $1.2m
- Revenue
- $271.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Oklahoma City, OK
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 65-1303856
Organization Overview
Wes Welker Foundation is located in Oklahoma City, OK. The organization was established in 2007. According to its NTEE Classification (N65) the organization is classified as: Football, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Wes Welker Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wes Welker 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, Wes Welker Foundation generated $271.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $255.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wes Welker Foundation has awarded 100 individual grants totaling $1,752,211. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WES WELKER FOUNDATION STRIVES TO INFLUENCE UNDERSERVED YOUTH BY ENCOURAGING THEM TO REACH THEIR FULL POTENTIAL THROUGH ATHLETICS AND POSITIVE ROLE MODELS. PRIMARY ACTIVITIES OF THE ORGANIZATION INCLUDE AWARDING GRANTS TO SCHOOLS AND NONPROFITS FOR ATHLETIC EQUIPMENT AND HOSTING ATHLETIC CAMPS FOR AREA YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM FOCUS IS TO PROVIDE GRANTS FOR EQUIPMENT AND UNIFORMS TO OKLAHOMA CITY AREA SCHOOLS AND NONPROFITS FOR ATHLETIC PROGRAMS. THE GRANTS COMMITTEE REVIEWS ALL REQUESTS AND CONDUCTS SITE VISITS TO VARIOUS APPLICANTS IN ORDER TO COMPLETE ITS DUE DILIGENCE. GRANTS ARE AWARDED TWICE A YEAR IN ACCORDANCE WITH THE FALL AND SPRING GRANT CYCLES, AS APPROVED BY THE BOARD OF DIRECTORS.
THE FOUNDATION HELD A ONE DAY FOOTBALL CAMP FOR 12 AREA HIGH SCHOOL FOOTBALL TEAMS. THE EVENT WAS ORGANIZED BY A COMMITTEE OF COMMUNITY VOLUNTEERS AND BOARD MEMBERS AND IS PROVIDED AT NO COST TO THE PARTICIPATING SCHOOLS. THE SCHOOLS, WHOSE STUDENT BODIES ARE COMPRISED OF A LARGER PERCENTAGE OF UNDERSERVED YOUTH, WERE DETERMINED AND INVITED BY THE COMMITTEE. PARTICIPANTS RECEIVED DRI-FIT JERSEYS AND MEALS. THERE WERE APPROXIMATELY 300-350 PLAYERS AND COACHES AND 20-30 VOLUNTEERS.
THE FOUNDATION HELD A CHEER PREVIEW FOR LOCAL HIGH SCHOOL CHEER TEAMS WITH HIGH PERCENTAGES OF UNDERSERVED YOUTH. THE ONE-DAY EVENT WAS ORGANIZED BY A COMMITTEE OF COMMUNITY VOLUNTEERS AND BOARD MEMBERS. TWELVE AREA HIGH SCHOOL TEAMS, CHOSEN BY THE COMMITTEE ON THE BASIS OF THE SCHOOL'S STUDENT BODIES AND PERCENTAGE OF UNDERSERVED YOUTH, PARTICIPATED. TEAMS WERE GIVEN THE OPPORTUNITY TO PERFORM THEIR GAME DAY ROUTINES PRIOR TO COMPETITION. DINNER AND A REUSABLE WATER BOTTLE WAS PROVIDED TO EACH PARTICIPANT. APPROXIMATELY 175-225 CHEER TEAM MEMBERS AND COACHES ATTENDED ALONG WITH 40 VOLUNTEERS, WHICH INCLUDED AREA COLLEGE CHEERLEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Blakley Director | Trustee | 0.75 | $0 |
Brett Bogert Director | Trustee | 0.75 | $0 |
Matt Brown Director | Trustee | 0.75 | $0 |
Kristie Buergler Director | Trustee | 0.75 | $0 |
Jenefar DE Leon Cossey Director | Trustee | 0.25 | $0 |
Rob Garbrecht Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $152,559 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,358 |
| Noncash contributions included in lines 1a–1f | $31,896 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,917 |
| Total Program Service Revenue | $0 |
| Investment income | $33,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,287 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,975 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,974 |
| Compensation of current officers, directors, key employees. | $11,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,681 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,923 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,657 |
| Office expenses | $4,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,848 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,984 |
| All other expenses | $461 |
| Total functional expenses | $255,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,629 |
| Savings and temporary cash investments | $463,419 |
| Pledges and grants receivable | $3,388 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $600,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,187,446 |
| Accounts payable and accrued expenses | $3,432 |
| Grants payable | $31,425 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,857 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,152,589 |
| Total liabilities and net assets/fund balances | $1,187,446 |
Grants Awarded
Over the last fiscal year, Wes Welker Foundation has awarded $96,156 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CRUTCHO PUBLIC SCHOOL PURPOSE: UNIFORMS FOR BASKETBALL, VOLLEYBALL, TRACK | $5,600 |
JOHN MARSHALL HIGH SCHOOL FOUNDATION PURPOSE: HEADSETS AND TRAVEL GEAR | $13,901 |
MILLWOOD PUBLIC SCHOOL PURPOSE: FOOTBALL, BASEBALL, SOFTBALL HELMETS AND FOOTBALLS | $8,500 |
DOUGLASS HIGH SCHOOL PURPOSE: WRESTLING MAT, CHEER UNIFORMS, AND POM POMS | $12,025 |
SOUTHEAST MIDDLE SCHOOL PURPOSE: TRAVEL GEAR FOR TRACK AND VOLLEYBALL TEAMS | $6,330 |
NORTHWEST CLASSEN HIGH SCHOOL PURPOSE: CHEER MATS | $8,900 |