W J & Lela Budwine Foundation Inc
- Assets
- $1.9m
- Revenue
- $80.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- 01/1998
- Data as of
- 06/2023
- EIN
- 76-0520860
Organization Overview
W J & Lela Budwine Foundation Inc is located in Bradenton, FL. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. W J & Lela Budwine 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 06/2023, W J & Lela Budwine Foundation Inc generated $80.7k 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 (4.5%) each year. All expenses for the organization totaled $160.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, W J & Lela Budwine Foundation Inc has awarded 181 individual grants totaling $4,051,082. 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 |
|---|---|---|---|
Andrea Routh Secretary | 3 | $6,500 | |
Sharon Boudreaux President | 8 | $60,000 | |
Dennis Hassell Treasurer | 5 | $3,500 | |
May Wang Treasurer | 3 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,461 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,579 |
| Capital Gain Net Income | $20,579 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $615 |
| Total Revenue | $80,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,220 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,046 |
| Total operating and administrative expenses | $104,757 |
| Contributions, gifts, grants paid | $56,000 |
| Total expenses and disbursements | $160,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,282 |
| 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 | $1,806,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,860,319 |
| 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 | $1,322 |
| Total liabilities | $1,322 |
Grants Awarded
Over the last fiscal year, W J & Lela Budwine Foundation Inc has awarded $56,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MANATEE COMMUNITY FOUNDATION PURPOSE: CHARITY | $10,000 |
SARASOTA YOUTH ORCHESTRA PURPOSE: CHARITY | $5,000 |
WOMEN RESOURCE CENTER OF MANATEE IN PURPOSE: CHARITY | $5,000 |
FLORIDA STUDIO THEATRE PURPOSE: CHARITY | $20,000 |
WUSF PUBLIC MEDIA PURPOSE: CHARITY | $10,000 |
ASIAN CHAMBER OF COMMERCE FOUNDATIO PURPOSE: EDUCATION | $6,000 |