Martini-Welch Family Foundation
- Assets
- $914.1k
- Revenue
- -$7.8k
- Investments
- $908.4k
- Employees
- 0
- Location
- Lake Oswego, OR
- Founding
- Data as of
- 12/2023
- EIN
- 84-4034486
Organization Overview
Martini-Welch Family Foundation is located in Lake Oswego, OR. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Martini-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.
Since 2020, Martini-Welch Family Foundation has awarded 20 individual grants totaling $516,001. 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 |
|---|---|---|---|
Frederic H Martini President | 1 | $0 | |
Kathleen Welch Secretary | 1 | $0 | |
Dirk Edwards Vice President | 1 | $0 | |
Pk Martini Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,714 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,471 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$7,757 |
| 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 | $196 |
| Total operating and administrative expenses | $6,496 |
| Contributions, gifts, grants paid | $325,501 |
| Total expenses and disbursements | $331,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,735 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $914,130 |
| 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, Martini-Welch Family Foundation has awarded $325,501 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
385TH BOMB GROUP PURPOSE: TO SUPPORT THE HISTORICAL DOCUMENTATION OF THE 385TH BOMB GROUP. | $500 |
SHOALS MARINE LABORATORY CORNELL UNIVERSITY PURPOSE: TO SUPPORT MARINE SCIENCE EDUCATION, RESEARCH, AND OUTREACH THROUGH ACADEMIC PROGRAMMING AND INNOVATIVE COLLABORATIONS. | $300,001 |
STAR ISLAND CORPORATION PURPOSE: TO PROVIDE FINANCIAL SUPPORT TO BUILD COMMUNITY, EMPLOY ECONOMIC FISCAL PRACTICES, ENHANCE THE EXPERIENCE OF THE NATURAL ENVIRONMENT, AND MAINTAIN STEWARDSHIP PRACTICES OF STAR ISLAND | $15,000 |
UNIVERSITY OF ALASKA FOUNDATION PURPOSE: FINANCIAL SUPPORT FOR THE UNIVERSITY OF ALASKA AND ITS PHILANTHROPIC MISSION. | $5,000 |
MAUI FOOD BANK PURPOSE: IN FINANCIAL SUPPORT OF ITS MISSION TO COLLECT AND DISTRIBUTE FOOD TO ORGANIZATIONS AND AGENCIES THAT RELY ON US TO HELP IMPROVE THE QUALITY OF LIFE OF THOSE IN THE ISLAND 'OHANA. | $5,000 |