Welshire Foundation Incorporated
- Assets
- $19.4k
- Revenue
- $60.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Birchwood, WI
- Founding
- Data as of
- 12/2022
- EIN
- 85-4078982
Organization Overview
Welshire Foundation Incorporated is located in Birchwood, WI. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Welshire Foundation Incorporated 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, Welshire Foundation Incorporated generated $60.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $60.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUYING FOR FOR THE EVENT TO PROMOTE THE GOSPEL OF JESUS CHRIST.
TO HELP PAY EXPENSES TO PROMOTE A LOCAL YOUTH CHARITY FOR THE GOSPEL OF JESUS CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent J Welch Welshire Foundation | 20 | $0 | |
Paul Mccready Treasurer | 0 | $0 | |
Eric Christoffersen Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,819 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,819 |
| 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 | $12,919 |
| Printing and publications | $16,009 |
| Other expenses | $3,270 |
| Total operating and administrative expenses | $35,724 |
| Contributions, gifts, grants paid | $25,095 |
| Total expenses and disbursements | $60,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,042 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $18,317 |
| 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 | $19,359 |
| 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, Welshire Foundation Incorporated has awarded $25,095 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UPSTREAM INTERNATIONAL INC PURPOSE: RELIGIOUS | $10,203 |
GATECITY CHURCH PURPOSE: RELIGIOUS | $1,840 |
RED CEDAR CHURCH PURPOSE: RELIGIOUS | $10,052 |
WESLEYAN CHURCH PURPOSE: RELIGIOUS | $3,000 |