Welch Family Foundation
- Assets
- $1.8m
- Revenue
- $197.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 83-1471700
Organization Overview
Welch Family Foundation is located in Denver, CO. The organization was established in 2019. 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. Welch 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, Welch Family Foundation generated $197.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $192.0k during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 3 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 2019, Welch Family Foundation has awarded 28 individual grants totaling $410,000. 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 |
|---|---|---|---|
Andrew Welch Director And Vice Chair | 20 | $30,000 | |
Daniel Welch Director And Chair | 2 | $0 | |
Claire Welch Director And Secretary | 2 | $0 | |
Marie Welch Director And Chair | 2 | $0 | |
Michael Welch Director And Vie Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,694 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,280 |
| Capital Gain Net Income | $150,280 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,719 |
| Total Revenue | $197,693 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,131 |
| Total operating and administrative expenses | $46,982 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $191,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,999 |
| 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 | $1,799,190 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,836,189 |
| 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, Welch Family Foundation has awarded $145,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION CENTER FOOD BANK PURPOSE: GENERAL PURPOSE | $30,000 |
COMMUNITY TABLE FOOD BANK PURPOSE: GENERAL PURPOSE | $30,000 |
Denver, CO PURPOSE: GENERAL PURPOSE | $15,000 |
COLORADO SLED HOKCEY PURPOSE: GENERAL PURPOSE | $15,000 |
WE DON'T WASTE PURPOSE: GENERAL PURPOSE | $15,000 |
Aurora, CO PURPOSE: GENERAL PUPOSE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |