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Welchwood Foundation Inc

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Summary charts: organization finances over time

Revenue
$252k (2021)

Expenses
$19.2k (2021)

Total Assets
$0 (2021)

Total Liabilities
$0 (2021)

Source: Form 990 tax filings from 2012 to 2021

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$251,993
Expenses
$19,176
Net Income
$232,817
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $10,032
4.0%
Dividends $44,667
17.7%
Sales of Assets $197,294
78.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,836
20.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Other
Marjorie W Drackett (President) $0 $0
Charles M Drackett Jr (Secretary/ Treasurer) $0 $0
Anne D Thomas (Vice President) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$99,599
Expenses
$246,663
Net Income
-$147,064
Net Assets
$3,167,196
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11,598
11.6%
Dividends $66,173
66.4%
Sales of Assets $21,828
21.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $233,100
94.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,167,197
Total Liabilities $1
Net Assets $3,167,196
Compensation
Key Employees and Officers Compensation Other
Marjorie W Drackett (President) $0 $0
Charles M Drackett Jr (Secretary/ Treasurer) $0 $0
Anne D Thomas (Vice President) $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$157,217
Expenses
$238,750
Net Income
-$81,533
Net Assets
$3,314,260
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $18,786
11.9%
Dividends $56,604
36.0%
Sales of Assets $79,487
50.6%
Other Income $2,340
1.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $230,000
96.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,314,261
Total Liabilities $1
Net Assets $3,314,260
Compensation
Key Employees and Officers Compensation Other
Marjorie W Drackett (President) $0 $0
Charles M Drackett Jr (Secretary/ Treasurer) $0 $0
Anne D Thomas (Vice President) $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$98,976
Expenses
$239,946
Net Income
-$140,970
Net Assets
$3,395,794
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $16,503
16.7%
Dividends $50,497
51.0%
Sales of Assets $31,976
32.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $201,000
83.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,395,794
Total Liabilities $0
Net Assets $3,395,794
Compensation
Key Employees and Officers Compensation Other
Marjorie W Drackett (President) $0 $0
Charles M Drackett Jr (Secretary/ Treasurer) $0 $0
Anne D Thomas (Vice President) $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$644,658
Expenses
$189,926
Net Income
$454,732
Net Assets
$3,536,764
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $401,301
62.3%
Interest Revenue $14,391
2.2%
Dividends $44,709
6.9%
Sales of Assets $184,257
28.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $175,000
92.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,536,764
Total Liabilities $0
Net Assets $3,536,764
Compensation
Key Employees and Officers Compensation Other
Marjorie W Drackett (President) $0 $0
Charles M Drackett Jr (Secretary/ Treasurer) $0 $0
Anne D Thomas (Vice President) $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$205,971
Expenses
$108,847
Net Income
$97,124
Net Assets
$3,082,032
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $102,040
49.5%
Interest Revenue $20
0.0%
Dividends $69,937
34.0%
Sales of Assets $38,629
18.8%
Other Income -$4,655
Notable Expenses Percent of Total Expenses
Charitable Disbursements $95,000
87.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,082,032
Total Liabilities $0
Net Assets $3,082,032
Compensation
Key Employees and Officers Compensation Other
Marjorie W Drackett (President) $0 $0
Charles M Drackett Jr (Secr/Treas) $0 $0
Anne D Thomas (Vice Pres.) $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$189,028
Expenses
$187,577
Net Income
$1,451
Net Assets
$2,984,908
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $123
0.1%
Dividends $63,527
33.6%
Sales of Assets $132,908
70.3%
Other Income -$7,530
Notable Expenses Percent of Total Expenses
Charitable Disbursements $175,000
93.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,984,908
Total Liabilities $0
Net Assets $2,984,908
Compensation
Key Employees and Officers Compensation Other
Marjorie W Drackett (President) $0 $0
Charles M Drackett Jr (Secr/Treas) $0 $0
Anne D Thomas (Vice Pres.) $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$138,310
Expenses
$189,415
Net Income
-$51,105
Net Assets
$2,983,457
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $124
0.1%
Dividends $65,034
47.0%
Sales of Assets $74,716
54.0%
Other Income -$1,564
Notable Expenses Percent of Total Expenses
Charitable Disbursements $157,000
82.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,983,457
Total Liabilities $0
Net Assets $2,983,457
Compensation
Key Employees and Officers Compensation Other
Marjorie W Drackett (President) $0 $0
Charles M Drackett Jr (Secr/Treas) $0 $0
Anne D Thomas (Vice Pres.) $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$595,817
Expenses
$159,337
Net Income
$436,480
Net Assets
$3,034,561
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $506,511
85.0%
Interest Revenue $0
Dividends $71,144
11.9%
Sales of Assets $17,037
2.9%
Other Income $1,125
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $146,000
91.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,034,562
Total Liabilities $1
Net Assets $3,034,561

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$76,535
Expenses
$135,849
Net Income
-$59,314
Net Assets
$2,598,081
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $66,045
86.3%
Sales of Assets $10,252
13.4%
Other Income $238
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $123,500
90.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,598,082
Total Liabilities $1
Net Assets $2,598,081

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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