Gus & Ethel Wolters Foundation In Memory Of W E Wolter & Anna B
- Assets
- $8.2m
- Revenue
- $681.8k
- Investments
- $7.4m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 04/1985
- Data as of
- 08/2024
- EIN
- 74-2335544
Organization Overview
Gus & Ethel Wolters Foundation In Memory Of W E Wolter & Anna B is located in San Antonio, TX. The organization was established in 1985. According to its NTEE Classification (G48) the organization is classified as: Brain Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gus & Ethel Wolters Foundation In Memory Of W E Wolter & Anna B 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 08/2024, Gus & Ethel Wolters Foundation In Memory Of W E Wolter & Anna B generated $681.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $665.9k during the year ending 08/2024. While expenses have increased by 8.2% 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $313,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $133,999 |
| Capital Gain Net Income | $133,999 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $233,805 |
| Total Revenue | $681,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,746 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,824 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,273 |
| Total operating and administrative expenses | $120,664 |
| Contributions, gifts, grants paid | $545,255 |
| Total expenses and disbursements | $665,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,858 |
| Savings and temporary cash investments | $761,734 |
| 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 | $86,819 |
| Total assets | $8,242,323 |
| 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, Gus & Ethel Wolters Foundation In Memory Of W E Wolter & Anna B has awarded $545,255 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INTL SCHOLARSIHIP & TUITION SVCS INC PURPOSE: UNRESTRICTED SCHOLARSHIP | $500,255 |
BLINN COLLEGE DISTRICT PURPOSE: UNRESTRICTED SCHOLARSHIP | $15,000 |
TEXAS A&M UNIVERSITY KINGSVILLE PURPOSE: UNRESTRICTED SCHOLARSHIP | $15,000 |
STEPHEN F AUSTIN STATE UNIVERSITY PURPOSE: UNRESTRICTED SCHOLARSHIP | $15,000 |