Welshire Foundation Incorporated
- Assets
- $19.4k
- Revenue
- $38.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Birchwood, WI
- Founding
- Data as of
- 12/2021
- 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO INSPIRE EXUBERANT JOY THROUGH CREATIVE PHILANTHROPY, AND EDUCATE CHRISTIAN BUSINESS OWNERS AND OWNERS OF HIGHLY-APPRECIATED REAL ESTATE AND STOCK, ABOUT CREATIVE PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Welch Director | 20 | $0 | |
Paul Mccready Director | 0 | $0 | |
Eric Christoffersen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,478 |
| 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 | $38,478 |
| 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 | $747 |
| Travel, conferences, and meetings | $5,560 |
| Printing and publications | $0 |
| Other expenses | $10,328 |
| Total operating and administrative expenses | $17,718 |
| Contributions, gifts, grants paid | $11,467 |
| Total expenses and disbursements | $29,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,359 |
| 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 | $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 | $66 |
| Total liabilities | $66 |
Grants Awarded
Over the last fiscal year, Welshire Foundation Incorporated has awarded $11,467 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Rice Lake, WI PURPOSE: SUPPORT | $5,000 |
WESLEYAN CHURCH PURPOSE: SUPPORT | $2,770 |
FINISHING THE TASK PURPOSE: SUPPORT | $1,226 |
REVIVE WISCONSIN PURPOSE: SUPPORT | $1,000 |
CRU PURPOSE: SUPPORT | $900 |
GATECITY CHURCH PURPOSE: SUPPORT | $252 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Mission Eurasia Wheaton, IL | $4,079,309 | $7,777,222 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Refugeeone Chicago, IL | $12,176,477 | $10,528,802 |
Truth And Tidings Gospel Trust U S A Canton, MI | $502,983 | $5,982,784 |
Faith And Learning International Nfp Wheaton, IL | $3,798,689 | $6,103,075 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
St Michaels Media Inc Ferndale, MI | $1,094,863 | $4,871,476 |
Mount Zion Baptist World Missions Fairfield, IL | $5,466,048 | $7,731,784 |