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Nonprofiteer
← WEGMANS FAMILY FOUNDATION INC

Form 990 for tax year 2022

Filed by WEGMANS FAMILY FOUNDATION INC.

Totals

Total revenue
-$1,549,481
Total expenses
$567,269
Contributions and grants received
$0
Grants paid
$250,000
Program service revenue
$0
Investment income
-$2,150,670
Other revenue
$601,189
Total assets, end of year
$44,711,976
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$44,711,976
Program services expenses (Part IX)
$250,000
Management and general expenses
$317,269
Fundraising expenses
$0
Program service expenses (Part III)
$302,105

Program services were 44.1% 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.

  • 3 · Investment income

    total $953,550 · excluded $953,550

  • 7a · Gross sales of assets other than inventory

    securities $14,091,334

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

    securities $17,195,554

  • 7c · Gain or loss

    securities -$3,104,220

  • 7d · Net gain or loss

    total -$3,104,220 · excluded -$3,104,220

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $558,665 · excluded $558,665

  • 11b · Other revenue: PARTNERSHIP INCOME/LOSS

    total $42,524 · excluded $42,524

  • 11e · Other revenue, total

    $601,189

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000 · program services $250,000

  • 11b · Fees: legal

    total $480 · management and general $480

  • 11c · Fees: accounting

    total $50,000 · management and general $50,000

  • 11f · Fees: investment management

    total $139,936 · management and general $139,936

  • 24a · Other expenses: NY AG ANNUAL FILING FEE

    total $1,500 · management and general $1,500

  • 24b · Other expenses: PARTNERSHIP EXPENSES

    total $125,228 · management and general $125,228

  • 24c · Other expenses: DELAWARE SECRETARY OF STATE

    total $125 · management and general $125

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $549,207 · end of year $508,188

  • 11 · Investments: publicly traded securities

    beginning of year $45,675,302 · end of year $38,027,251

  • 12 · Investments: other securities

    beginning of year $3,044,290 · end of year $2,548,728

  • 15 · Other assets

    beginning of year $2,566,081 · end of year $3,627,809

  • 29 · Capital stock, trust principal or current funds

    beginning of year $51,834,880 · end of year $44,711,976

Mission and programs · 2022

Mission

TO MAKE GRANTS FOR THE PURPOSES OF BENEFITING AND SUPPORTING THE CHARITABLE ACTIVITIES OF THE UNITED WAY OF GREATER ROCHESTER, INC.

  • WEGMANS FAMILY FOUNDATION, INC. MADE A DONATION DIRECTLY TO ENCOMPASS: RESOURCE FOR LEARNING FOR EDUCATIONAL PURPOSES. THE DONATION WAS MADE BY WEGMAN'S FAMILY FOUNDATION, INC. AT THE DIRECTION OF UNITED WAY OF GREATER ROCHESTER AND THE FINGER LAKES.

    Expenses $302,105 · Grants $250,000

As filed on the 2022 return.

Listed in Part VII

  • Daniel R Wegman

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Colleen J Wegman

    VICE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephen R Van Arsdale

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Edward J Pettinella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Milt Sender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

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
2022
Filed
30 November 2023
IRS schema version
2022v5.0
Source object
202303349349301310

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