Webster Foundation Inc
- Assets
- $54.3k
- Revenue
- $45.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ripon, WI
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 74-3053295
Organization Overview
Webster Foundation Inc is located in Ripon, WI. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webster 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, Webster Foundation Inc generated $45.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $89.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Webster Foundation Inc has awarded 355 individual grants totaling $562,413. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS FOR FOUR STUDENTS.
GRANTS TO HELP GROUPS CARRY OUT THEIR MISSIONS TO BETTER THE WORLD AROUND US. GRANTS ARE MEANT TO HELP WITH EDUCATIONAL OR HUMANITARIAN PROJECTS.
MATCHING FUNDS PROGRAM HELPS AREA YOUTH GROUPS INCREASE THE MONIES THEY RAISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Webster President | 1 | $0 | |
Stephanie Sauerbrei Secretary | 1 | $0 | |
David Schoff Board Of Dir | 1 | $0 | |
Linda Kinziger Board Of Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,000 |
| 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 | $0 |
| Total Revenue | $45,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $89,141 |
| Total expenses and disbursements | $89,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,262 |
| 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 | $0 |
| Total assets | $54,262 |
| 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, Webster Foundation Inc has awarded $89,141 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
ABBY GILBERTSON PURPOSE: SCHOLARSHIP | $4,000 |
AMELIA TAYLOR PURPOSE: SCHOLARSHIP | $4,000 |
FAITH COMMUNITY CHURCH PURPOSE: GIRLS GLAM AND ENDEAVOR AMERICA | $3,000 |
RIPON EARLY BIRDS KIWANIS PURPOSE: UPDATE DISC GOLF COURSE AT PARK | $3,000 |
RIPON COLLEGE - STUDENT SUPPORT PURPOSE: ROTH IRA SEED MONEY | $2,500 |
RIPON CATALYST CHARTER MIDDLE PURPOSE: UPDATE EQUIPMENT AND GROWTH CENTER | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |