B M Woltman Foundation
- Assets
- $5.2m
- Revenue
- $383.8k
- Investments
- $2.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/1950
- Data as of
- 12/2023
- EIN
- 74-1402184
Organization Overview
B M Woltman Foundation is located in Houston, TX. The organization was established in 1950. 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. B M Woltman 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, B M Woltman Foundation generated $383.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $400.8k during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 5 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 2020, B M Woltman Foundation has awarded 202 individual grants totaling $1,300,100. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Donald G Black Trustee/secr./treas. | 1 | $0 | |
James E Kellerman Trustee | 1 | $0 | |
Mary Mccanne Currin Pres./trustee | 10 | $0 | |
Kurt Rosenhagen Trustee | 1 | $0 | |
R Lynn Moers Trustee | 1 | $0 | |
Louis L Pabor Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $154,386 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $229,346 |
| Capital Gain Net Income | $229,346 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $99 |
| Total Revenue | $383,839 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,496 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,400 |
| Total operating and administrative expenses | $72,706 |
| Contributions, gifts, grants paid | $328,100 |
| Total expenses and disbursements | $400,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,776 |
| Savings and temporary cash investments | $2,236,896 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,211 |
| Total assets | $5,169,075 |
| 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, B M Woltman Foundation has awarded $328,100 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN EDUCATION ASSOCIATION OF HOUSTON HOUSTON TX PURPOSE: TO HIGH SCHOOL | $142,000 |
CONCORDIA UNIVERSITY TEXAS (TX DISTR LCMS MISSIONAL YOUTH RETREATS) PURPOSE: TO COLLEGE FOR MINISTRY STUDY | $16,000 |
TYLER DECKER PURPOSE: TO MINISTRY STUDY | $1,700 |
WILLIAM R DAVIS PURPOSE: TO MINISTRY STUDY | $1,600 |
DEREK EASTERLING PURPOSE: TO MINISTRY STUDY | $1,700 |
DAN HOLLISTER PURPOSE: TO MINISTRY STUDY | $1,700 |