Martini-Welch Family Foundation
- Assets
- $1.3m
- Revenue
- $64.4k
- Investments
- $1.2m
- Employees
- 0
- Location
- Lake Oswego, OR
- Founding
- Data as of
- 12/2022
- 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.
For the year ending 12/2022, Martini-Welch Family Foundation generated $64.4k 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 (53.0%) each year.
Since 2020, Martini-Welch Family Foundation has awarded 15 individual grants totaling $190,500. 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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PDF Copies of 990 Filings
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 | $21,114 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,271 |
| Capital Gain Net Income | $43,271 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,385 |
| 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 | $0 |
| Total operating and administrative expenses | $5,155 |
| Contributions, gifts, grants paid | $65,500 |
| Total expenses and disbursements | $70,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,622 |
| 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 | $1,253,884 |
| 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 $65,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SHOALS MARINE LABORATORY CORNELL UNIVERSITY PURPOSE: TO SUPPORT MARINE SCIENCE EDUCATION, RESEARCH, AND OUTREACH THROUGH ACADEMIC PROGRAMMING AND INNOVATIVE COLLABORATIONS. | $15,000 |
Durham, NH PURPOSE: TO SUPPORT MARINE SCIENCE EDUCATION, RESEARCH, AND OUTREACH DISTINGUISHED BY OUR TOP-NOTCH ACADEMIC PROGRAMMING AND INNOVATIVE COLLABORATIONS. | $15,000 |
Lagrange, GA PURPOSE: TO SUPPORT THE MISSION OF THE HUMAN ANATOMY AND PHYSIOLOGY SOCIETY (HAPS) IN PROMOTING EXCELLENCE IN THE TEACHING OF ANATOMY AND PHYSIOLOGY. | $10,000 |
Kirkland, WA PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR EDUCATION AND SERVICE LEARNING PROJECTS TO PRETECH THE OCEANS | $10,000 |
Portsmouth, NH 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 | $10,000 |
UNIVERSITY OF ALASKA FOUNDATION PURPOSE: FINANCIAL SUPPORT FOR THE UNIVERSITY OF ALASKA AND ITS PHILANTHROPIC MISSION. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |
Julia Burke Foundation San Francisco, CA | $10,173,958 | $4,976,202 |
Rsf Social Investment Fund Inc San Francisco, CA | $183,234,866 | $6,180,684 |
Alliance For Education Seattle, WA | $18,412,801 | $8,384,152 |
Napa Institute Support Foundation Irvine, CA | $19,458,182 | $17,196,018 |
Orange Schools Financing Corporation Orange, CA | $21,811,397 | $4,509,507 |
Herbst Foundation Inc Walnut Creek, CA | $62,095,126 | $6,418,341 |