John F And Edith L Wilsterman Foundation
- Assets
- $40.2m
- Revenue
- $1.4m
- Investments
- $39.7m
- Employees
- 0
- Location
- Flushing, MI
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 83-3649470
Organization Overview
John F And Edith L Wilsterman Foundation is located in Flushing, MI. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John F And Edith L Wilsterman 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, John F And Edith L Wilsterman Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,870 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,064,659 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $297,509 |
| Capital Gain Net Income | $297,509 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,366,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,000 |
| Other employee salaries and wages | $172,000 |
| Pension plans, employee benefits | $20,189 |
| Interest | $320 |
| Taxes | $2,834 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,429 |
| Total operating and administrative expenses | $639,101 |
| Contributions, gifts, grants paid | $2,608,919 |
| Total expenses and disbursements | $3,248,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $466,324 |
| 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 | $40,150,409 |
| 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 | $81,339 |
| Total liabilities | $81,339 |