Weeden Foundation
- Assets
- $39.5m
- Revenue
- $4.5m
- Investments
- $38.8m
- Employees
- 0
- Location
- Bedford Hills, NY
- Founding
- 08/1964
- Data as of
- 12/2021
- EIN
- 94-6109313
Organization Overview
Weeden Foundation is located in Bedford Hills, NY. The organization was established in 1964. 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. Weeden 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 12/2021, Weeden Foundation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald A Weeden Exec Director | 40 | $165,000 | |
Margaret E Kennedy Admin. Assistant | 40 | $73,123 | |
Leslie Weeden President | 0 | $0 | |
Barbara Daugherty Vice President | 0 | $0 | |
John Weeden Secretary | 0 | $0 | |
Nick Leibowitz Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $853,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,608,904 |
| Capital Gain Net Income | $3,384,204 |
| Net ST Capital Gain | $513,323 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$9,717 |
| Total Revenue | $4,452,588 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $238,124 |
| Pension plans, employee benefits | $16,669 |
| Interest | $608 |
| Taxes | $145,116 |
| Depreciation | $246 |
| Occupancy | $48,000 |
| Travel, conferences, and meetings | $6,976 |
| Printing and publications | $129 |
| Other expenses | $392,846 |
| Total operating and administrative expenses | $862,122 |
| Contributions, gifts, grants paid | $3,280,800 |
| Total expenses and disbursements | $4,142,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,895 |
| Savings and temporary cash investments | $32,498 |
| 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 | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,227 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,499,588 |
| Accounts payable and accrued expenses | $1,879 |
| 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 | $1,879 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Weeden Foundation has recieved totaling $85,000.
| Awarding Organization | Amount |
|---|---|
Lozen Foundation Inc Palm Beach, FL PURPOSE: GENERAL SUPPORT | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |