Judith And Richard Welch Family Foundation
- Assets
- $493.9k
- Revenue
- $170.9k
- Investments
- $471.0k
- Employees
- 0
- Location
- Riverwoods, IL
- Founding
- 02/2020
- Data as of
- 12/2021
- 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 12/2021, Judith And Richard Welch Family Foundation generated $170.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.9% each year .
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PDF Copies of 990 Filings
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 | $12,073 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $158,857 |
| Capital Gain Net Income | $158,857 |
| Net ST Capital Gain | $7,509 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $170,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,235 |
| Total operating and administrative expenses | $12,988 |
| Contributions, gifts, grants paid | $41,780 |
| Total expenses and disbursements | $54,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,928 |
| 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 | $434,828 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $493,891 |
| 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 $41,780 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Glenview, IL PURPOSE: GENERAL | $10,000 |
HOOVER INSTITUTE PURPOSE: GENERAL | $10,000 |
JEWISH UNITED FUND PURPOSE: GENERAL | $5,000 |
Doylestown, PA PURPOSE: GENERAL | $2,500 |
ORPHANS OF THE STORM PURPOSE: GENERAL | $2,000 |
ST JUDE CHARITIES PURPOSE: GENERAL | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |
Karam Foundation Nfp Lake Forest, IL | $4,231,584 | $2,840,038 |
Pillars Fund Chicago, IL | $11,143,935 | $11,056,329 |
Bears Care Lake Forest, IL | $727,551 | $2,014,818 |