Weimar Methodist Foundation
- Assets
- $2.2m
- Revenue
- $1.4m
- Investments
- $2.1m
- Employees
- 0
- Location
- Weimar, TX
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 82-4985457
Organization Overview
Weimar Methodist Foundation is located in Weimar, TX. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weimar Methodist 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 12/2023, Weimar Methodist Foundation generated $1.4m in total revenue. All expenses for the organization totaled $433.8k during the year ending 12/2023. While expenses have increased by 39.2% per year over the past 5 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 2020, Weimar Methodist Foundation has awarded 68 individual grants totaling $742,825. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS TO WEIMER HIGH SCHOOL GRADUATES WITH NEED. DURING THE YEAR THE FOUNDATION PROVIDED SCHOLARSHIPS TO 9 STUDENTS
MINISTRIES OF THE FIRST UNITED METHODIST CHURCH OF WEIMER WHICH INCLUDES SUPPORT OF LOCAL PUBLIC CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Brasher President | 1 | $0 | |
Kimberly Wescott Vice-President | 1 | $0 | |
Rev Patricia Gideon Treasurer | 2 | $0 | |
Phyllis Venghaus Secretary | 1 | $0 | |
Sue Mullens Director | 1 | $0 | |
Staci Heger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,560 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,325,363 |
| Capital Gain Net Income | $1,325,363 |
| Net ST Capital Gain | $0 |
| Income Modifications | $3,750 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,378,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $234 |
| Depreciation | $0 |
| Occupancy | $4,500 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,324 |
| Total operating and administrative expenses | $13,999 |
| Contributions, gifts, grants paid | $419,808 |
| Total expenses and disbursements | $433,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,510 |
| 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 | $2,079,016 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,175,152 |
| 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, Weimar Methodist Foundation has awarded $419,808 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
DONDRAE CARTER PURPOSE: SCHOLARSHIP | $3,000 |
ALLISON GALLAHER PURPOSE: SCHOLARSHIP | $3,000 |
TORI JANAK PURPOSE: SCHOLARSHIP | $750 |
RYAN KLOESEL PURPOSE: SCHOLARSHIP | $3,000 |
TANNER KONVICKA PURPOSE: SCHOLARSHIP | $3,000 |
KARYME MARTINEZ PURPOSE: SCHOLARSHIP | $3,000 |