Whited Foundation 080188
- Assets
- $880.2k
- Revenue
- $44.2k
- Investments
- $788.8k
- Employees
- 0
- Location
- Raton, NM
- Founding
- 02/1997
- Data as of
- 12/2021
- 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 12/2021, Whited Foundation 080188 generated $44.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $34.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Whited Foundation 080188 has awarded 34 individual grants totaling $235,769. 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 | $150 | |
John Robertson Director | 2 | $150 | |
Rick Trice Director | 2 | $150 | |
Gail Cimino Director | 2 | $150 | |
Kristie Medina Director | 2 | $150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,323 |
| Capital Gain Net Income | $22,323 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,350 |
| Total operating and administrative expenses | $16,612 |
| Contributions, gifts, grants paid | $17,625 |
| Total expenses and disbursements | $34,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $31,443 |
| 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 | $880,234 |
| 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 $49,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Raton, NM PURPOSE: EDUCATIONAL, MUSIC, ART, & CULTURAL SPONSORSHIP | $20,000 |
Raton, NM PURPOSE: EDUCATIONAL, MUSIC, ART, & CULTURAL SPONSORSHIP | $20,000 |
MUSIC FROM ANGEL FIRE PURPOSE: EDUCATIONAL, MUSIC, ART, & CULTURAL SPONSORSHIP | $7,000 |
GROW RATON PURPOSE: EDUCATIONAL, MUSIC, ART, & CULTURAL SPONSORSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artspace Inc Salt Lake City, UT | $34,050,741 | $4,832,458 |
Texas Dental Association Austin, TX | $10,861,399 | $4,136,384 |
Downtown Denver Events Inc Denver, CO | -$3,259,692 | $2,252,393 |
Bos Place Houston, TX | $5,835,899 | $1,943,445 |
Robert S & Grayce B Kerr Foundation Inc Oklahoma City, OK | $19,234,723 | $2,069,941 |
Create Academy Inc Tempe, AZ | $184,127 | $1,377,364 |
Arizona Health Information Network Incorporated Tucson, AZ | $1,547,927 | $1,862,672 |
Morrison Theatre Company Golden, CO | $5,960,038 | $3,214,249 |
North Texas Business Council For The Arts Dallas, TX | $531,144 | $506,888 |
Crested Butte Music Festival Inc Crested Butte, CO | $370,840 | $452,517 |
Talking Talons Youth Leadership Cedar Crest, NM | $469,184 | $610,447 |
Xico Inc Phoenix, AZ | $2,244,663 | $853,373 |