Welty Foundation Inc
- Assets
- $829.2k
- Revenue
- $51.3k
- Investments
- $788.1k
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 94-3210510
Organization Overview
Welty Foundation Inc is located in Spokane, WA. The organization was established in 1994. 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. Welty Foundation Inc 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, Welty Foundation Inc generated $51.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $64.0k during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Welty Foundation Inc has awarded 68 individual grants totaling $429,299. 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 |
|---|---|---|---|
Berdine S Bender MD Director/president | 1 | $0 | |
Robert D Wigert MD Director/vp | 1 | $0 | |
Christine S Schnug Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,849 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,432 |
| Capital Gain Net Income | $28,432 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $447 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $13,997 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $63,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,042 |
| 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 | $829,170 |
| 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, Welty Foundation Inc has awarded $50,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SPOKANE YOUTH SYMPHONY PURPOSE: PROVIDE RESOURCES FOR FOSTERING MUSIC | $9,500 |
THE SALVATION ARMY PURPOSE: PROVIDE RESOURCES FOR FOSTERING EDUCATION | $4,500 |
WEST CENTRAL COMMUNITY DEVELOPMENT ASSOCIATION PURPOSE: PROVIDE RESOURCES FOR FOSTERING THE ARTS | $3,000 |
BOYS & GIRLS CLUBS OF SPOKANE COUNTY PURPOSE: PROVIDE RESOURCES FOR FOSTERING EDUCATION | $2,500 |
NW MUSEUM OF ARTS & CULTURE PURPOSE: PROVIDE RESOURCES FOR FOSTERING THE ARTS | $4,500 |
SPOKANE AREA YOUTH CHOIRS PURPOSE: PROVIDE RESOURCES FOR FOSTERING MUSIC | $5,000 |