Wendt Family Foundation
- Assets
- $9.5m
- Revenue
- $2.5m
- Investments
- $9.0m
- Employees
- 0
- Location
- Klamath Falls, OR
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 94-3229232
Organization Overview
Wendt Family Foundation is located in Klamath Falls, OR. The organization was established in 1995. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wendt Family 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, Wendt Family Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Wendt Family Foundation has awarded 71 individual grants totaling $5,245,147. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
CONSULTING, POLICY DEVELOPMENT,ANALYSIS, AND PROGRAM IMPLEMENTATION PROVIDED TO GOVERNMENTS ON VARIOUS SOCIAL WELFARE ISSUES AND PROGRAMS.
GENERAL PHILANTHROPIC ACTIVITIES CONSISTING PRIMARILY OF GRANTS & DONATIONS TO PROJECTS AND ORGANIZATIONS FOR COMMUNITY IMPROVEMENT, EDUCATIONAL, HEALTH AND MEDICAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roderick C Wendt President | 1 | $0 | |
Matthew R Wendt Vice President/treasurer | 3 | $0 | |
Mark R Wendt Director | 0.5 | $0 | |
Nancy J Wendt Director | 0.5 | $0 | |
James Madden Director | 0.5 | $0 | |
Andrea Olson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,384,025 |
| Dividends & Interest | $101,166 |
| Net Rental Income | -$42,662 |
| Net Gain on Sale of Assets | $2,529 |
| Capital Gain Net Income | $2,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,487,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $174,480 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39,499 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,344 |
| Printing and publications | $0 |
| Other expenses | $97,497 |
| Total operating and administrative expenses | $411,013 |
| Contributions, gifts, grants paid | $614,500 |
| Total expenses and disbursements | $1,025,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $464,217 |
| 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 | $65,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,504,201 |
| Accounts payable and accrued expenses | $118,256 |
| 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 | $71 |
| Total liabilities | $118,327 |
Grants Awarded
Over the last fiscal year, Wendt Family Foundation has awarded $614,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
KLAMATH ICE SPORTS INC PURPOSE: OPERATIONS & ICE SHOW SPONSORSHIPOPERATIONS | $21,000 |
FAVELL MUSEUM PURPOSE: OPERATIONS | $42,000 |
FRIENDS OF THE CHILDREN PURPOSE: OPERATIONS | $75,000 |
OHSU FOUNDATION PURPOSE: CANCER CENTER PLEDGE | $300,000 |
OREGON TECH FOUNDATION PURPOSE: OPERATIONS | $3,000 |
ROSS RAGLAND THEATER PURPOSE: ROOF REPAIR | $40,000 |