Judith And Richard Welch Family Foundation
- Assets
- $558.0k
- Revenue
- $73.9k
- Investments
- $532.2k
- Employees
- 0
- Location
- Riverwoods, IL
- Founding
- 02/2020
- Data as of
- 12/2023
- EIN
- 84-3957631
Organization Overview
Judith And Richard Welch Family Foundation is located in Riverwoods, IL. The organization was established in 2020. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Judith And Richard 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 12/2023, Judith And Richard Welch Family Foundation generated $73.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.3%) each year.
Since 2020, Judith And Richard Welch Family Foundation has awarded 58 individual grants totaling $174,780. 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 |
|---|---|---|---|
Judith Welch Foundation Mgr. | 0 | $0 | |
Richard Welch Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,204 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $66,756 |
| Capital Gain Net Income | $66,756 |
| Net ST Capital Gain | $880 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,103 |
| Total Revenue | $73,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $264 |
| Taxes | $708 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,562 |
| Total operating and administrative expenses | $6,776 |
| Contributions, gifts, grants paid | $58,500 |
| Total expenses and disbursements | $65,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,778 |
| 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 | $532,199 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $557,977 |
| 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, Judith And Richard Welch Family Foundation has awarded $58,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
HOOVER INSTITUTE PURPOSE: GENERAL | $12,000 |
EVANS SCHOLARS FOUNDATION PURPOSE: GENERAL | $15,000 |
RONALD MCDONALD HOUSE PURPOSE: GENERAL | $3,000 |
ORPHANS OF THE STORM PURPOSE: GENERAL | $3,000 |
ST JUDE CHARITIES PURPOSE: GENERAL | $3,000 |
PAWS-CHICAGO PURPOSE: GENERAL | $3,000 |