Dr Walter J Wiechetek Foundation
- Assets
- $171.9k
- Revenue
- $71.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, VA
- Founding
- Data as of
- 03/2024
- EIN
- 86-1832486
Organization Overview
Dr Walter J Wiechetek Foundation is located in Winchester, VA. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dr Walter J Wiechetek 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 03/2024, Dr Walter J Wiechetek Foundation generated $71.2k 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 (27.3%) each year. All expenses for the organization totaled $53.4k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley A Lipinski President | 15 | $17,282 | |
Neil Barton Secretary | 5 | $5,761 | |
James Osborne Treasurer | 5 | $5,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $70,000 |
| 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 | $1,201 |
| Total Revenue | $71,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,804 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,843 |
| Depreciation | $0 |
| Occupancy | $3,528 |
| Travel, conferences, and meetings | $1,030 |
| Printing and publications | $0 |
| Other expenses | $3,272 |
| Total operating and administrative expenses | $46,927 |
| Contributions, gifts, grants paid | $6,500 |
| Total expenses and disbursements | $53,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,894 |
| 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 | $141,038 |
| Total assets | $171,932 |
| 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 | $7,272 |
| Total liabilities | $7,272 |
Grants Awarded
Over the last fiscal year, Dr Walter J Wiechetek Foundation has awarded $6,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHENANDOAH UNIVERSITY PURPOSE: CASH DONATION | $2,500 |
SHENANDOAH UNIVERSITY PURPOSE: MUSIC MEDIA COLLECTION DONATION | $4,000 |