Overview

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Est.

2006

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC is an economic development nonprofit focused on helping all residents of WNY succeed and thrive in a culturally inclusive community. In fiscal year 2024, it reported an operating budget and total revenue of $2.2M, with major support from COMMUNITY FOUNDATION FOR GREATER BUFFALO INC, THE RALPH C WILSON JR FOUNDATION, and FIRST NIAGARA FOUNDATION.

Mission Statement

FOR ALL RESIDENTS OF WNY TO SUCCEED AND THRIVE IN A CULTURALLY INCLUSIVE COMMUNITY.
Revenues
$2.2M
Expenses
$2.2M
Net Income:
-$11.8K
Assets
$11.7M
Liabilities
$1.7M
Net Assets:
+$10M
Operating Budget
$2.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
7
Median grant size
$40K
Largest grant received
$125.2K
C
Carolynn Welch
Board Member
M
Michael Kenline
Board Member
C
Catherine March
Board Member
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  • 28 funders
  • 52 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC’s budget?
In 2024, WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC reported an annual operating budget of around $2.2 million. More detailed financial information is available to registered users.
What causes does WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC support?
WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC supports work in Economic development.
Where does WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC operate?
WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC is headquartered in BUFFALO, NY.
Who funded WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC recently?
In 2025, WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC received grants from THE MARKS FAMILY FOUNDATION, UNITED WAY OF BUFFALO AND ERIE COUNTY, and COMMUNITY FOUNDATION FOR GREATER BUFFALO INC. More information on this organization’s funders is available to registered users.
What is the largest grant WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC received in 2024?
The largest grant to WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC in 2024 exceeds $125 thousand.
What is WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC’s reliance on government grants?
WESTMINSTER ECONOMIC DEVELOPMENT INITIATIVE INC relied on government grants for more than 65% of their total revenue in 2024.