Wadman Foundation
- Assets
- $11.5m
- Revenue
- $1.8m
- Investments
- $10.8m
- Employees
- 0
- Location
- Ogden, UT
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 84-1392243
Organization Overview
Wadman Foundation is located in Ogden, UT. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wadman 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, Wadman Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wadman Foundation has awarded 66 individual grants totaling $2,312,250. 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 |
|---|---|---|---|
David L Wadman President | 0 | $0 | |
Ronda Wadman Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $11,608 |
| Dividends & Interest | $102,544 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $680,865 |
| Capital Gain Net Income | $140 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,360 |
| Total Revenue | $1,811,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78,277 |
| Total operating and administrative expenses | $78,277 |
| Contributions, gifts, grants paid | $1,499,650 |
| Total expenses and disbursements | $1,577,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,283 |
| 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 | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $305,873 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,512,601 |
| 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, Wadman Foundation has awarded $1,499,650 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF JESUS CHRIST PURPOSE: PHILANTHROPIC PURPOSES | $512,500 |
Lehi, UT PURPOSE: SCHOLARSHIPS FOR NATIVE AMERICANS | $297,000 |
WEBER PATHWAYS PURPOSE: TRAILS AND PATHWAYS FOR PUBLIC | $250,000 |
WEBER STATE UNIVERSITY PURPOSE: ENCHANCE & FACILITATE RESEARCH | $126,200 |
STELLA OAKS PURPOSE: SCHOLARSHIPS | $100,000 |
Logan, UT PURPOSE: ENCHANCE & FACILITATE RESEARCH | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wadman Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Call Foundation Salt Lake City, UT PURPOSE: CONTRIBUTION MADE TO A 501(C)3 CHARITABLE INSTITUTION IN SUPPORT OF ITS CONTINUING MISSION. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Dick Scheffel Family Charitable Foundation Reno, NV | $5,433,390 | $2,908,793 |
The W W Smith Charitable Trust Las Vegas, NV | $204,297,707 | $16,939,254 |