West Foundation Inc
- Assets
- $755.5k
- Revenue
- $18.2k
- Investments
- $737.7k
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- 08/1962
- Data as of
- 12/2021
- EIN
- 72-6018637
Organization Overview
West Foundation Inc is located in Shreveport, LA. The organization was established in 1962. 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. West 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 12/2021, West Foundation Inc generated $18.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $35.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A David Evans President | 1 | $12,378 | |
Gloria Evans Board Member | 1 | $0 | |
Sandra W Jackson Treasurer | 1 | $0 | |
Claudia Lee Board Member | 1 | $0 | |
Peggy Waters Secretary | 1 | $0 | |
Mark D Evans Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,932 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $799 |
| Capital Gain Net Income | $799 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,580 |
| Total Revenue | $18,151 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,839 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $333 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $680 |
| Printing and publications | $0 |
| Other expenses | $1,672 |
| Total operating and administrative expenses | $15,274 |
| Contributions, gifts, grants paid | $20,100 |
| Total expenses and disbursements | $35,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,786 |
| 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 | $103,384 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $755,520 |
| 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, West Foundation Inc has awarded $32,650 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION LOUISIANA PURPOSE: 500 | $370 |
BAYLOR BEAR FOUNDATION PURPOSE: EDUCATIONAL | $9,000 |
BROADMOOR BAPTIST CHURCH PURPOSE: CHARITABLE | $2,000 |
CHRISTUS FOUNDATION PURPOSE: CHARITABLE | $250 |
CRU MACEDONIA MISSION WORK PURPOSE: RELIGIOUS | $1,500 |
EAST TEXAS BAPTIST UNIVERSITY PURPOSE: CHARITABLE | $1,000 |