The Lillian Waltom Foundation
- Assets
- $4.3m
- Revenue
- $320.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Jourdanton, TX
- Founding
- 09/1988
- Data as of
- 12/2023
- EIN
- 74-2509618
Organization Overview
The Lillian Waltom Foundation is located in Jourdanton, TX. The organization was established in 1988. 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. Lillian Waltom 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, Lillian Waltom Foundation generated $320.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $251.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lillian Waltom Foundation has awarded 159 individual grants totaling $473,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Zuhlke Trustee | 0 | $100,000 | |
Wanda Borth Trustee | 0 | $5,000 | |
Kerry Zuhlke Trustee | 0 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,978 |
| Dividends & Interest | $9,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,083 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $296,868 |
| Total Revenue | $320,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,342 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,678 |
| Total operating and administrative expenses | $183,019 |
| Contributions, gifts, grants paid | $68,500 |
| Total expenses and disbursements | $251,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,274,001 |
| Total assets | $4,274,001 |
| 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, The Lillian Waltom Foundation has awarded $68,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREA TORRES PURPOSE: GENERAL | $3,750 |
BLAKE D MOOS PURPOSE: GENERAL | $6,250 |
BRETT BERG PURPOSE: GENERAL | $6,750 |
DIYA CHANDRA PURPOSE: GENERAL | $6,750 |
ERIN SOWARD PURPOSE: GENERAL FUND | $2,500 |
HANNAH WATTS PURPOSE: GENERAL FUND | $3,750 |