Welfund Inc
- Assets
- $1.1m
- Revenue
- $61.6k
- Investments
- $1.0m
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 07/1964
- Data as of
- 12/2022
- EIN
- 95-6091887
Organization Overview
Welfund Inc is located in Mercer Island, WA. 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. Welfund 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 12/2022, Welfund Inc generated $61.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $117.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Welfund Inc has awarded 62 individual grants totaling $607,000. 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
THE FOUNDATION'S ONLY ACTIVITY IS TO MAKE CHARITABLE CONTRIBUTIONS FROM ITS INVESTMENT INCOME. QUALIFYING DONEES MAY BE ENGAGED IN RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Anthony Keyser President | 0 | $0 | |
Mary Anne Keyser Vice Preside | 0 | $0 | |
Jill Keyser Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $32,473 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,101 |
| Capital Gain Net Income | $29,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,731 |
| Contributions, gifts, grants paid | $95,500 |
| Total expenses and disbursements | $117,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,879 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,065,125 |
| 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, Welfund Inc has awarded $95,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHELAN COUNTY FIRE DISTRICT 3 PURPOSE: SUPPORT FIRE PROTECTION SERVICES | $25,000 |
CHIMPANZEE SANCTUARY NORTHWEST PURPOSE: PRESERVE WILDLIFE | $2,500 |
LEAVENWORTH SKI HILL HERITAGE FND PURPOSE: FACILITATE WINTER RECREATION | $5,000 |
SEATTLE AQUARIUM PURPOSE: GENERAL SUPPORT | $15,000 |
CASCADE MEDICAL FOUNDATION PURPOSE: PURCHASE MEDICAL EQUIP | $3,000 |
BIG BROTHERS PUGET SOUND PURPOSE: GENERAL SUPPORT | $25,000 |