Dorothy Ann Weitzel And Thomas F Weitzel Charitable Foundation
- Assets
- $8.2m
- Revenue
- $717.1k
- Investments
- $8.1m
- Employees
- 0
- Location
- Clear Lake, IA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3918016
Organization Overview
Dorothy Ann Weitzel And Thomas F Weitzel Charitable Foundation is located in Clear Lake, IA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Dorothy Ann Weitzel And Thomas F Weitzel 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 12/2023, Dorothy Ann Weitzel And Thomas F Weitzel Charitable Foundation generated $717.1k 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 (17.5%) each year. All expenses for the organization totaled $421.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Dorothy Ann Weitzel And Thomas F Weitzel Charitable Foundation has awarded 28 individual grants totaling $479,994. 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 |
|---|---|---|---|
Breanna J Weitzel President | 0 | $6,000 | |
Patricia Frayne Treasurer | 0 | $6,000 | |
Kenneth Midtgaard Secretary | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $495,458 |
| Interest on Savings | $127,836 |
| Dividends & Interest | $82,334 |
| Net Rental Income | $9,628 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $90,498 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,080 |
| Total Revenue | $717,137 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,124 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,728 |
| Total operating and administrative expenses | $69,355 |
| Contributions, gifts, grants paid | $352,019 |
| Total expenses and disbursements | $421,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,798 |
| 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 | $780,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,218,245 |
| 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, Dorothy Ann Weitzel And Thomas F Weitzel Charitable Foundation has awarded $352,019 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CLEAR LAKE CLASSICAL PURPOSE: SUPPORT | $100,000 |
OAK HILLS ACADEMY PURPOSE: SUPPORT | $5,000 |
GREATER IOWA YOUTH FOR CHRIST PURPOSE: SUPPORT | $7,500 |
ONE COLLECTIVE NFP PURPOSE: SUPPORT | $7,000 |
CARING PREGNANCY CENTERS PURPOSE: SUPPORT | $7,225 |
NORTH IOWA CHRISTIAN SCHOOL PURPOSE: SUPPORT | $20,000 |