The Marcia And Kent Velde Foundation
- Assets
- $3.2m
- Revenue
- $61.8k
- Investments
- $2.0m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- Data as of
- 12/2022
- EIN
- 85-6464574
Organization Overview
The Marcia And Kent Velde Foundation is located in Milwaukee, WI. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marcia And Kent Velde 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 12/2022, Marcia And Kent Velde Foundation generated $61.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (74.0%) each year. All expenses for the organization totaled $221.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marcia And Kent Velde Foundation has awarded 52 individual grants totaling $387,750. 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 |
|---|---|---|---|
W Kent Velde Trustee | 0 | $0 | |
Marcia Ferguson Velde Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $35,138 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,639 |
| Capital Gain Net Income | $24,639 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,957 |
| Total Revenue | $61,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,975 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $806 |
| Total operating and administrative expenses | $14,691 |
| Contributions, gifts, grants paid | $206,750 |
| Total expenses and disbursements | $221,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,395 |
| Savings and temporary cash investments | $1,184,008 |
| 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 | $3,222,901 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $14,000 |
| 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 | $14,000 |
Grants Awarded
Over the last fiscal year, The Marcia And Kent Velde Foundation has awarded $206,750 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
NOTRE DAME SCHOOL OF MILWAUKEE PURPOSE: CHARITABLE | $55,000 |
Milwaukee, WI PURPOSE: CHARITABLE | $50,000 |
Milwaukee, WI PURPOSE: CHARITABLE | $35,000 |
ST ROBERT SCHOOL PURPOSE: CHARITABLE | $10,000 |
Milwaukee, WI PURPOSE: CHARITABLE | $10,000 |
FORMATION FOUNDATION PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |