J Robert Westerman Foundation Tr Agreement
- Assets
- $216.7k
- Revenue
- $124.9k
- Investments
- $57.9k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 81-6678657
Organization Overview
J Robert Westerman Foundation Tr Agreement is located in Louisville, KY. The organization was established in 2017. 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. J Robert Westerman Foundation Tr Agreement 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, J Robert Westerman Foundation Tr Agreement generated $124.9k in total revenue. All expenses for the organization totaled $7.4k during the year ending 12/2023. While expenses have increased by 30.5% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CINCINNATI CHILDREN'S
KOSAIR CHARITIES
KENTUCKY HUMANE SOCIETY
SAVE A PET ($1,000) AND EQUESTRIAN CONNECTION ($1,000)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Robert Westerman Co-Trustee | 0.5 | $0 | |
Cynthia C Westerman Co-Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,435 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $121,453 |
| Capital Gain Net Income | $121,453 |
| Net ST Capital Gain | $460 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,888 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $505 |
| Contributions, gifts, grants paid | $6,900 |
| Total expenses and disbursements | $7,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,172 |
| Savings and temporary cash investments | $29,656 |
| 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 | $16,001 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $216,726 |
| 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, J Robert Westerman Foundation Tr Agreement has awarded $6,900 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CINCINNATI CHILDREN'S PURPOSE: GENERAL SUPPORT | $2,000 |
KENTUCKY HUMANE SOCIETY PURPOSE: GENERAL SUPPORT | $1,000 |
SAVE A PET PURPOSE: GENERAL SUPPORT | $1,000 |
EQUESTRIAN CONNECTION PURPOSE: GENERAL SUPPORT | $1,000 |
NORTON HEALTHCARE FOUNDATION PURPOSE: GENERAL SUPPORT | $400 |
KOSAIR CHARITIES PURPOSE: GENERAL SUPPORT | $1,500 |