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Nonprofiteer
← WETHERINGTON FOUNDATION INC

Form 990 for tax year 2024

Filed by WETHERINGTON FOUNDATION INC.

Totals

Total revenue
$466,333
Total expenses
$266,112
Contributions and grants received
$305,000
Grants paid
$242,000
Program service revenue
$0
Investment income
$161,333
Other revenue
$0
Total assets, end of year
$2,310,904
Total liabilities, end of year
$5,449
Net assets or fund balances, end of year
$2,305,455
Program services expenses (Part IX)
$242,000
Management and general expenses
$24,112
Fundraising expenses
$0
Program service expenses (Part III)
$242,000

Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $305,000

  • 3 · Investment income

    total $60,496 · excluded $60,496

  • 7a · Gross sales of assets other than inventory

    securities $675,074

  • 7b · Less cost or other basis and sales expenses

    securities $574,237

  • 7c · Gain or loss

    securities $100,837

  • 7d · Net gain or loss

    total $100,837 · excluded $100,837

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $242,000 · program services $242,000

  • 11a · Fees: management

    total $22,323 · management and general $22,323

  • 11c · Fees: accounting

    total $139 · management and general $139

  • 11f · Fees: investment management

    total $1,650 · management and general $1,650

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $1,978,561 · end of year $2,309,816

  • 12 · Investments: other securities

    beginning of year $14,293 · end of year $1,088

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,849 · end of year $5,449

  • 27 · Net assets without donor restrictions

    beginning of year $1,988,005 · end of year $2,305,455

Mission and programs · 2024

Mission

TO EMPOWER "AT RISK" CITIZENS WHO HAVE THE DESIRE AND WILLINGNESS TO FIND A WAY OUT OF POVERTY AND BECOME SELF-RELIANT TO HAVE QUALITY OF LIFE. TO ENHANCE THE LIVES OF CHILDREN AND EMPOWER THEM TO ACHIEVE SUCCESS. TO RECOGNIZE THE SACRIFICE OF VETERANS AND SERVE THOSE VETERANS WHO HAVE FALLEN THROUGH THE CRACKS OF SOCIETY.

Activities or mission (Part I)

TO ENHANCE THE DIGNITY AND QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES BY HELPING PEOPLE REACH THEIR FULL POTENTIAL THROUGH EDUCATION, SKILL TRAINING AND THE POWER OF EMPLOYMENT.

  • GRANTS: THE WETHERINGTON FOUNDATION GAVE OUT 9 GRANTS TOTALING $242,000 TO VARIOUS NONPROFIT ORGANIZATIONS. THESE GRANTS WERE GIVEN FOR GENERAL SUPPORT AND PROGRAM SUPPORT.

    Expenses $242,000 · Grants $242,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sophia Larusso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kirsten Russell

    DIRECTOR

    Total calculated
    $192,198
    From this org
    $0
    From related orgs
    $163,954
    Other
    $28,244
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,051 related
    Bonus
    $0 + $23,903 related
    Other
    $0
    Deferred
    $0 + $17,001 related
    Nontaxable benefits
    $0 + $11,243 related
    Filer's total
    $0 + $192,198 related

  • Terri Vitale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leland D Wetherington

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Frank Strelec

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Caroline Wetherington

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Roxanne G Jerde

    SECRETARY

    Total calculated
    $407,309
    From this org
    $0
    From related orgs
    $365,146
    Other
    $42,163
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,146 related
    Bonus
    $0 + $65,000 related
    Other
    $0
    Deferred
    $0 + $30,591 related
    Nontaxable benefits
    $0 + $11,572 related
    Filer's total
    $0 + $407,309 related

  • Erin Jones

    CFO

    Total calculated
    $268,640
    From this org
    $0
    From related orgs
    $235,315
    Other
    $33,325
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,892 related
    Bonus
    $0 + $33,423 related
    Other
    $0
    Deferred
    $0 + $21,908 related
    Nontaxable benefits
    $0 + $11,417 related
    Filer's total
    $0 + $268,640 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 February 2026
IRS schema version
2024v5.5
Source object
202630429349301333

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