Wadsten Family Foundation Inc
- Assets
- $2.8k
- Revenue
- $11.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Myrtle Beach, SC
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-3986210
Organization Overview
Wadsten Family Foundation Inc is located in Myrtle Beach, SC. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wadsten Family 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 12/2022, Wadsten Family Foundation Inc generated $11.5k 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 (25.6%) each year. All expenses for the organization totaled $12.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (30.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wadsten Family Foundation Inc has awarded 40 individual grants totaling $102,884. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ECONOMIC ASSISTANCE ORGANIZATIONS AND TO INDIVIDUALS AND FAMILIES WHO HAVE FALLEN ON HARD TIMES AND OR HAD EMERGENCY NEED OF SUCH ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary N Wadsten President | 1 | $0 | |
Kelli K Wadsten Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,500 |
| Interest on Savings | $3 |
| 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 | $11,503 |
| 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 | $50 |
| Total operating and administrative expenses | $50 |
| Contributions, gifts, grants paid | $12,175 |
| Total expenses and disbursements | $12,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,832 |
| 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 | $2,832 |
| 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, Wadsten Family Foundation Inc has awarded $12,175 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DAVID ABEE PURPOSE: ASSISTANCE | $500 |
DAVID GAVRELENKOWSKI PURPOSE: MEDICAL ASSISTANCE | $1,175 |
GODFREY NZIRIMUAFRICA NEW LIFE MINI PURPOSE: HELP WITH SCHOOL | $4,500 |
JEREMIAH SMITHAFRICA NEW LIFE MINIS PURPOSE: RWANDEN CHILDREN/AFRICA NEW LIFE MINISTRIES | $1,000 |
JULIA AND CAM CRICKENBERGER PURPOSE: FINANCIAL ASSISTANCE | $500 |
LINDA STAPLETON PURPOSE: BATHROOM RENOVATION AND ASSISTANCE | $4,000 |