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Finis Welch Foundation

  • College Sta, TX
  • Tax-exempt since Dec. 2012
  • EIN: 27-4470063

Organization summary

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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$10.9M (2023)

Expenses
$1.11M (2023)

Total Assets
$27.9M (2023)

Total Liabilities
$0 (2023)

Years with missing data
Source: Form 990 tax filings from 2012 to 2023

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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,902,525
Expenses
$1,106,730
Net Income
$9,795,795
Net Assets
$27,932,615
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,000,000
91.7%
Interest Revenue $135,619
1.2%
Dividends $766,906
7.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,055,079
95.3%
Compensation of Officers* $232,400
21.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $27,932,615
Total Liabilities $0
Net Assets $27,932,615
Compensation
Key Employees and Officers Compensation Other
Lara Anderson (President / Treasurer) $200,000 $32,400
Lacey Junek (Scholarship Director) $108,043 $17,400
Crystal Dupre (Development Director) $94,417 $15,363
Kevin Murphy (Chairman Of The Board) $0 $0
Robert Topel (Vice Chair) $0 $0
Phil Gramm (Board Member) $0 $0
Wendy Gramm (Board Member) $0 $0
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Document Links

990-PF
Filed on Nov. 5, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,511,125
Expenses
$429,751
Net Income
$18,081,374
Net Assets
$18,136,820
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $18,509,162
100.0%
Interest Revenue $1,963
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $428,848
99.8%
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 $18,136,820
Total Liabilities $0
Net Assets $18,136,820
Compensation
Key Employees and Officers Compensation Other
Kevin Murphy (Chairman Of The Board) $0 $0
Robert Topel (Vice Chair) $0 $0
Lara Anderson (President / Treasurer) $0 $0

Document Links

990-PF
Filed on Nov. 2, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$136,018
Expenses
$138,494
Net Income
-$2,476
Net Assets
$55,446
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $136,000
100.0%
Interest Revenue $18
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $136,696
98.7%
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 $55,446
Total Liabilities $0
Net Assets $55,446
Compensation
Key Employees and Officers Compensation Other
Lara Anderson (Secretary/Treasurer) $0 $0

Document Links

990-PF
Filed on May 6, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$464,060
Expenses
$333,432
Net Income
$130,628
Net Assets
$57,921
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $464,000
100.0%
Interest Revenue $60
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $328,851
98.6%
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 $57,922
Total Liabilities $1
Net Assets $57,921
Compensation
Key Employees and Officers Compensation Other
Lara Anderson (Secretary/Treasurer) $0 $0

Document Links

990-PF
Filed on April 5, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$178,119
Expenses
$304,037
Net Income
-$125,918
Net Assets
-$72,707
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $178,000
99.9%
Interest Revenue $119
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $303,503
99.8%
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 -$72,706
Total Liabilities $1
Net Assets -$72,707
Compensation
Key Employees and Officers Compensation Other
Finis Welch (President) $0 $0
Lara Anderson (Secretary/Treasurer) $0 $0

Document Links

990-PF
Filed on May 1, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$340,019
Expenses
$337,713
Net Income
$2,306
Net Assets
$53,212
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $339,900
100.0%
Interest Revenue $119
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $333,045
98.6%
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 $53,212
Total Liabilities $0
Net Assets $53,212
Compensation
Key Employees and Officers Compensation Other
Finis Welch (President) $0 $0
Lara Anderson (Secretary/Treasurer) $0 $0

Document Links

990-PF
Filed on April 11, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$645,077
Expenses
$644,761
Net Income
$316
Net Assets
$50,906
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $645,000
100.0%
Interest Revenue $77
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $641,409
99.5%
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 $50,906
Total Liabilities $0
Net Assets $50,906
Compensation
Key Employees and Officers Compensation Other
Finis Welch (President) $0 $0
Lara Anderson (Secretary/Tr) $0 $0

Document Links

990-PF
Filed on Feb. 27, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2016

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$218,024
Expenses
$219,059
Net Income
-$1,035
Net Assets
$50,818
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $218,000
100.0%
Interest Revenue $24
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $215,000
98.1%
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 $50,818
Total Liabilities $0
Net Assets $50,818

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$149,285
Expenses
$198,936
Net Income
-$49,651
Net Assets
$51,853
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $149,250
100.0%
Interest Revenue $35
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $198,500
99.8%
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 $51,853
Total Liabilities $0
Net Assets $51,853

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$294,278
Expenses
$193,858
Net Income
$100,420
Net Assets
$101,504
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $293,952
99.9%
Interest Revenue $326
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $191,500
98.8%
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 $101,504
Total Liabilities $0
Net Assets $101,504

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$94,700
Expenses
$94,757
Net Income
-$57
Net Assets
$1,084
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $94,700
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $90,000
95.0%
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 $1,084
Total Liabilities $0
Net Assets $1,084

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is 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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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