Welz Family Childrens Foundation
- Assets
- $581.9k
- Revenue
- $63.2k
- Investments
- $64.5k
- Employees
- 0
- Location
- Grass Valley, CA
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 68-6190796
Organization Overview
Welz Family Childrens Foundation is located in Grass Valley, CA. The organization was established in 2001. 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. Welz Family Childrens 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, Welz Family Childrens Foundation generated $63.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $81.2k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 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 2015, Welz Family Childrens Foundation has awarded 105 individual grants totaling $228,456. 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
2023
Describe the Organization's Program Activity:
PROVIDE LOW COST OFFICE SPACE TO NON PROFIT ORGANIZATIONS SERVING CHILDREN.
OBTAIN RENT FROM PROFIT TENNANTS TO GENERATE INCOME FOR DISTRIBUTION TO CHILDRENS CHARITIES.
REDUCED RENT TO NON PROFITS OF NEVADA COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Bagley Director | 10 | $0 | |
Lenda Welz Director | 10 | $0 | |
Hosea Bostic Director | 10 | $0 | |
Judy Mickel Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $904 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,297 |
| Total Revenue | $63,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $13,554 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,380 |
| Total operating and administrative expenses | $58,219 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $81,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,473 |
| Savings and temporary cash investments | $3,903 |
| 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 | $64,509 |
| Net Land, buildings, and equipment | $503,054 |
| Other assets | $0 |
| Total assets | $581,939 |
| 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 | $4,665 |
| Total liabilities | $4,665 |
Grants Awarded
Over the last fiscal year, Welz Family Childrens Foundation has awarded $23,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
INTER-FAITH FOOD MINISTRIES PURPOSE: SURVIVE THE DRIVE PROGRAM | $5,000 |
SIERRA HARVEST PURPOSE: YOUTH FOOD PROGRAM | $5,000 |
REDEMPTION YOUTH RANCH PURPOSE: YOUTH REHABILITATION | $5,000 |
MUSIC IN THE MOUNTAINS PURPOSE: YOUTH MUSIC COMPETITION | $5,000 |
IN CONCERT SIERRA PURPOSE: YOUTH MUSIC | $3,000 |