The Marcia And Kent Velde Foundation
- Assets
- $3.1m
- Revenue
- $122.0k
- Investments
- $901.8k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- Data as of
- 12/2023
- 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 12/2023, Marcia And Kent Velde Foundation generated $122.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (56.8%) each year. All expenses for the organization totaled $220.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marcia And Kent Velde Foundation has awarded 73 individual grants totaling $591,350. 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 | $24,207 |
| Dividends & Interest | $93,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,232 |
| Capital Gain Net Income | $4,232 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $122,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $789 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $555 |
| Total operating and administrative expenses | $17,178 |
| Contributions, gifts, grants paid | $203,600 |
| Total expenses and disbursements | $220,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,782 |
| Savings and temporary cash investments | $2,170,041 |
| 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 | $3,097,603 |
| 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, The Marcia And Kent Velde Foundation has awarded $203,600 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
SILVER SPUR THERAPEUTIC RIDING CENTER PURPOSE: CHARITABLE | $500 |
MARY'S CHOICE RVA PURPOSE: CHARITABLE | $1,000 |
NOTRE DAME SCHOOL OF MILWAUKEE PURPOSE: CHARITABLE | $55,000 |
FORMATION FOUNDATION PURPOSE: CHARITABLE | $5,000 |
ST ROBERT SCHOOL PURPOSE: CHARITABLE | $5,100 |
MEDICAL COLLEGE OF WISCONSIN PURPOSE: CHARITABLE | $5,000 |