Wedel Family Foundation
- Assets
- $1.0m
- Revenue
- $611.4k
- Investments
- $696.5k
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 81-4808588
Organization Overview
Wedel Family Foundation is located in Oklahoma City, OK. The organization was established in 2018. 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. Wedel Family 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 12/2021, Wedel Family Foundation generated $611.4k in total revenue. All expenses for the organization totaled $30.3k during the year ending 12/2021. While expenses have increased by 24.0% per year over the past 4 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.
Since 2018, Wedel Family Foundation has awarded 34 individual grants totaling $130,812. 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 |
|---|---|---|---|
Gregory Wedel Director | 0 | $0 | |
Valari Wedel Trustee | 0 | $0 | |
Colby Wedel Trustee/dire | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $611,000 |
| Interest on Savings | $367 |
| 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 | $25 |
| Total Revenue | $611,392 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13 |
| Contributions, gifts, grants paid | $30,250 |
| Total expenses and disbursements | $30,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $345,727 |
| 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 | $696,522 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,042,249 |
| 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, Wedel Family Foundation has awarded $30,250 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Oklahoma City, OK PURPOSE: OVARIAN CANCER AWARENESS | $7,500 |
Searcy, AR PURPOSE: MEDICAL MISSIONS | $5,000 |
BOYS GIRLS CLUBS OF OKLAHOMA CITY PURPOSE: INNOVATOR SPONORSHIP | $5,000 |
Oklahoma City, OK PURPOSE: SPONSOR | $5,000 |
CHISOLM ELEMENTARY PTO PURPOSE: WYN CAMPAIGN SPONSOR | $3,000 |
Oklahoma City, OK PURPOSE: SPONSOR | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Hermann Family Foundation St Louis, MO | $60,142,710 | $16,411,582 |