Whited Foundation 080188
- Assets
- $818.3k
- Revenue
- $17.0k
- Investments
- $681.6k
- Employees
- 0
- Location
- Raton, NM
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 85-0446414
Organization Overview
Whited Foundation 080188 is located in Raton, NM. The organization was established in 1997. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whited Foundation 080188 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, Whited Foundation 080188 generated $17.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $78.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Whited Foundation 080188 has awarded 48 individual grants totaling $369,588. 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 |
|---|---|---|---|
Mark Morris Chairman | 2 | $300 | |
John Robertson Director | 2 | $300 | |
Rick Trice Director | 2 | $300 | |
Gail Cimino Director | 2 | $300 | |
Kristie Medina Director | 2 | $300 | |
Paul Kastler Director | 2 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,211 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,175 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,036 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $947 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,178 |
| Total operating and administrative expenses | $19,890 |
| Contributions, gifts, grants paid | $59,050 |
| Total expenses and disbursements | $78,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $76,732 |
| 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 | $60,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $818,330 |
| 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, Whited Foundation 080188 has awarded $59,050 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MEEKER MUSIC INC PURPOSE: EDUCATIONAL, MUSIC, ART, & CULTURAL SPONSORSHIP | $6,600 |
SANTA FE TRAIL SCHOOL FOR THE PERFORMING ARTS PURPOSE: EDUCATIONAL, MUSIC, ART, & CULTURAL SPONSORSHIP | $20,000 |
ROCKY MOUNTAIN SCHOOL OF ART & DESIGN PURPOSE: EDUCATIONAL, MUSIC, ART, & CULTURAL SPONSORSHIP | $2,500 |
RATON ARTS & HUMANITIES COUNCIL INC PURPOSE: EDUCATIONAL, MUSIC, ART, & CULTURAL SPONSORSHIP | $29,950 |