Kathryn Caine Wanlass Charitable Foundation
- Assets
- $7.4m
- Revenue
- $223.3k
- Investments
- $7.2m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 87-0686654
Organization Overview
Kathryn Caine Wanlass Charitable Foundation is located in Detroit, MI. The organization was established in 2004. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Kathryn Caine Wanlass Charitable 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, Kathryn Caine Wanlass Charitable Foundation generated $223.3k 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 (16.2%) each year. All expenses for the organization totaled $536.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kathryn Caine Wanlass Charitable Foundation has awarded 33 individual grants totaling $1,820,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $10,362 | |
George R Wanlass Advisory Committee Member | 1 | $3,000 | |
Ralph Wanlass Advisory Committee Member | 1 | $3,000 | |
Megan Wanlas Szalla Advisory Committee Member | 1 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $700 |
| Dividends & Interest | $103,708 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,827 |
| Capital Gain Net Income | $110,827 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,040 |
| Total Revenue | $223,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,362 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,898 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,289 |
| Total operating and administrative expenses | $125,602 |
| Contributions, gifts, grants paid | $410,500 |
| Total expenses and disbursements | $536,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $175,265 |
| 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 | $532,658 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,405,661 |
| 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, Kathryn Caine Wanlass Charitable Foundation has awarded $410,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ART DIVISION PURPOSE: GENERAL AND ARTISTIC | $17,500 |
SUNSHINE TERRACE FOUNDATION INC PURPOSE: THE KATHRYN CAINE WANLASS | $12,000 |
UTAH STATE UNIVERSITY PURPOSE: NEHMA ART PURCHASE & | $95,000 |
YELLOWSTONE ART MUSEUM PURPOSE: GENERAL SUPPORT | $30,000 |
OCCIDENTAL COLLEGE PURPOSE: ARTS AND THEATER PROGRAMS | $91,000 |
INNER-CITY ARTS PURPOSE: SUPPORT OF VISUAL, MEDIA | $50,000 |