James E West Foundation
- Assets
- $23.5m
- Revenue
- $3.5m
- Investments
- $13.2m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- Data as of
- 12/2021
- EIN
- 84-4364398
Organization Overview
James E West Foundation is located in Omaha, NE. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James E West 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, James E West Foundation generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (61.4%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AN ENDOWMENT FOR THE BENEFIT AND SUPPORT OF MID-AMERICA COUNCIL OF BOY SCOUTS OF AMERICA
Describe the Organization's Program Activity:
TO SUPPORT MID-AMERICA COUNCIL OF BOY SCOUTS OF AMERICA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Howard Chairman | OfficerTrustee | 1 | $0 |
Chris Mehaffey Secretary/executive Director | OfficerTrustee | 1 | $0 |
Patrick Cooper Vice Chairman | OfficerTrustee | 1 | $0 |
Ed Fitzgerald Treasurer Through February 2021 | OfficerTrustee | 1 | $0 |
Jc Van Ginkel Director | Trustee | 1 | $0 |
Mark Wynegar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,224 |
| Total Program Service Revenue | $0 |
| Investment income | $267,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,145,998 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,469,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,243,364 |
| Grants and other assistance to domestic individuals. | $5,015 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $104,505 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,228 |
| All other expenses | $0 |
| Total functional expenses | $1,378,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,187,470 |
| Pledges and grants receivable | $39,685 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,529 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,816,552 |
| Investments—other securities | $13,175,606 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $242,537 |
| Total assets | $23,468,379 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $23,468,379 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,468,379 |
Grants Awarded
Over the last fiscal year, James E West Foundation has awarded $1,243,364 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Omaha, NE PURPOSE: OPERATING SUPPORT | $995,528 |
Omaha, NE PURPOSE: OPERATING SUPPORT | $247,836 |
Endowment Analysis
| Beg. Balance | $21,855,708 |
| Earnings | $2,876,121 |
| Admin Expense | $104,505 |
| Net Contributions | $74,975 |
| Other Expense | $25,226 |
| Grants | $1,248,379 |
| Ending Balance | $23,428,694 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great Circle Endowment Inc Saint James, MO | $55,460,013 | $5,249,746 |
Boy Scouts Of America St Louis, MO | $70,195,247 | -$2,206,788 |
Chandler H Kibbee And Mercedes K Kibbee Foundation For Children Sheridan, WY | $13,511,920 | $2,104,033 |
James E West Foundation Omaha, NE | $23,468,379 | $3,469,599 |
Boy Scouts Of America Denver, CO | $34,327,670 | $3,029,324 |
Wyoming State 4h Foundation Laramie, WY | $6,351,833 | $1,074,965 |
Springfield Boys Club Trust Fund For Springfield Boys Club Inc Springfield, MO | $14,210,234 | $1,815,014 |
Youth & Family Services Qalicb Inc Rapid City, SD | $11,455,805 | $158,774 |
Gillwell Foundation Omaha, NE | $8,176,739 | $8,704,636 |
Boy Scouts Of America Saint Joseph, MO | $1,619,942 | $197,703 |
Boys And Girls Club Of Central Wyoming Endowment Foundation Inc Casper, WY | $10,401,641 | $818,229 |
Redeeming Love Ministries Colorado Springs, CO | $243,034 | $436,148 |