funder logo

WELFARE FOUNDATION INC

WELFARE FOUNDATION INC

Wilmington, DE, US
501(c)3
EIN
51-6015916
Open for Solicitation
Private Foundation
Regional Funder
funder logo

WELFARE FOUNDATION INC

Wilmington, DE, US
501(c)3
EIN
51-6015916
Open for Solicitation
Private Foundation
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$106,741,777

Investments
94%
Cash & Equivalents
6%
Property, Plant, & Equipment (net)
<1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)

$2,087,979

Grants Payable
72%
Other Liabilities
23%
Payables & Accruals
5%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$10,499,349
$6,339,442
-40%
Receivables (Non-Related)
$48,949
$74,664
+53%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$60,407
$4,343
-93%
Investments
$68,334,432
$100,239,297
+47%
Property, Plant, & Equipment (net)
$89,855
$84,031
-6%
Other Assets
-
-
-
Total Assets
$79,032,992
$106,741,777
+35%
Liabilities
2023
2024
Change
Payables & Accruals
$55,429
$100,452
+81%
Grants Payable
$410,000
$1,505,000
+267%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$406,889
$482,527
+19%
Total Liabilities
$872,318
$2,087,979
+139%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$78,160,674
$104,653,798
+34%
Net assets
2023
2024
Change
Net assets
+$78,160,674
+$104,653,798
+34%
Balance Sheet
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