Welter Foundation Inc

Bristol, IN
Tax-exempt since Nov. 1997
EIN: 35-2023590

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Revenue

$12.6M (2024)

Expenses

$825k (2024)

Total Assets

$14.1M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$12,612,494

Expenses

$824,908

Net Income

$11,787,586

Net Assets

$14,125,928

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,390,637	50.7%
Interest Revenue	$0
Dividends	$222,348	1.8%
Sales of Assets	$5,999,509	47.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$691,631	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	$14,125,928
Total Liabilities	$0
Net Assets	$14,125,928

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0
Jill R Sigsbee (Director)	$0	$0
Jack Welter (Director)	$0	$0
Wilhelmina J Welter (Director)	$0	$0

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990-PF

Filed on Nov. 17, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$468,127

Expenses

$662,254

Net Income

-$194,127

Net Assets

$7,095,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$137,678	29.4%
Sales of Assets	$330,449	70.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$563,779	85.1%
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	$7,095,057
Total Liabilities	$0
Net Assets	$7,095,057

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0
Jill R Sigsbee (Director)	$0	$0
Jack Welter (Director)	$0	$0
Wilhelmina J Welter (Director)	$0	$0

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990-PF

Filed on April 2, 2024

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$409,452

Expenses

$562,037

Net Income

-$152,585

Net Assets

$7,288,784

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$117,196	28.6%
Sales of Assets	$289,545	70.7%
Other Income	$2,711	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$456,690	81.3%
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	$7,288,784
Total Liabilities	$0
Net Assets	$7,288,784

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0
Jill R Sigsbee (Director)	$0	$0
Jack Welter (Director)	$0	$0
Wilhelmina J Welter (Director)	$0	$0

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990-PF

Filed on Oct. 14, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$835,876

Expenses

$653,101

Net Income

$182,775

Net Assets

$7,441,369

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$231,046	27.6%
Sales of Assets	$604,830	72.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$538,775	82.5%
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	$7,441,369
Total Liabilities	$0
Net Assets	$7,441,369

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0
Jill R Sigsbee (Director)	$0	$0
Jack Welter (Director)	$0	$0
Wilhelmina J Welter (Director)	$0	$0

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990-PF

Filed on May 10, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$1,428,155

Expenses

$568,150

Net Income

$860,005

Net Assets

$7,258,593

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$572,975	40.1%
Interest Revenue	$0
Dividends	$103,055	7.2%
Sales of Assets	$752,125	52.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$491,152	86.4%
Compensation of Officers*	$12,000	2.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,258,594
Total Liabilities	$1
Net Assets	$7,258,593

Compensation

Key Employees and Officers	Compensation	Other
Jill R Sigsbee (Director)	$12,000	$0
Edward P Welter (President & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0
Jack Welter (Director)	$0	$0
Wilhelmina J Welter (Director)	$0	$0

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990-PF

Filed on Aug. 30, 2021

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

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Schedules ▼

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Fiscal Year Ending Dec.
2019

Revenue

$2,180,070

Expenses

$591,140

Net Income

$1,588,930

Net Assets

$6,629,041

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$893,500	41.0%
Interest Revenue	$0
Dividends	$52,240	2.4%
Sales of Assets	$1,234,330	56.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$524,910	88.8%
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	$6,629,042
Total Liabilities	$1
Net Assets	$6,629,041

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Wilhelmina J Welter (Treasurer & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0

990-PF

Filed on Nov. 16, 2020

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$498,840

Expenses

$403,067

Net Income

$95,773

Net Assets

$5,518,812

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,456	0.3%
Dividends	$35,609	7.1%
Sales of Assets	$461,775	92.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$334,050	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	$5,518,812
Total Liabilities	$0
Net Assets	$5,518,812

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Wilhelmina J Welter (Treasurer & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0

990-PF

Filed on Sept. 16, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$281,405

Expenses

$447,205

Net Income

-$165,800

Net Assets

$5,423,039

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,161	0.4%
Dividends	$32,740	11.6%
Sales of Assets	$247,504	88.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$377,460	84.4%
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	$5,423,039
Total Liabilities	$0
Net Assets	$5,423,039

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Wilhelmina J Welter (Treasurer & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0

990-PF

Filed on Sept. 13, 2018

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$562,268

Expenses

$461,028

Net Income

$101,240

Net Assets

$5,588,839

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$73	0.0%
Dividends	$38,654	6.9%
Sales of Assets	$523,541	93.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$391,900	85.0%
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	$5,588,839
Total Liabilities	$0
Net Assets	$5,588,839

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Wilhelmina J Welter (Treasurer & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0

990-PF

Filed on May 12, 2017

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

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Schedules ▼

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Fiscal Year Ending Dec.
2015

Revenue

$379,740

Expenses

$360,079

Net Income

$19,661

Net Assets

$5,487,599

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$79	0.0%
Dividends	$31,930	8.4%
Sales of Assets	$347,731	91.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$294,580	81.8%
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	$5,487,599
Total Liabilities	$0
Net Assets	$5,487,599

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Wilhelmina J Welter (Treasurer & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0

990-PF

Filed on May 6, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$675,986

Expenses

$433,948

Net Income

$242,038

Net Assets

$5,467,938

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$130	0.0%
Dividends	$33,783	5.0%
Sales of Assets	$642,073	95.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$358,405	82.6%
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	$5,467,938
Total Liabilities	$0
Net Assets	$5,467,938

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Wilhelmina J Welter (Treasurer & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0

990-PF

Filed on May 15, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$333,895

Expenses

$367,304

Net Income

-$33,409

Net Assets

$5,232,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$156	0.0%
Dividends	$23,005	6.9%
Sales of Assets	$310,734	93.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$312,926	85.2%
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	$5,232,501
Total Liabilities	$0
Net Assets	$5,232,501

Compensation

Key Employees and Officers	Compensation	Other
Edward P Welter (President & Director)	$0	$0
Wilhelmina J Welter (Treasurer & Director)	$0	$0
Cynthia S Gillard (Secretary & Director)	$0	$0

990-PF

Filed on May 13, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$1,561,162

Expenses

$1,158,290

Net Income

$402,872

Net Assets

$5,265,910

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,100,000	70.5%
Interest Revenue	$0
Dividends	$101,845	6.5%
Sales of Assets	$360,461	23.1%
Other Income	-$1,144

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,108,840	95.7%
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	$5,265,910
Total Liabilities	$0
Net Assets	$5,265,910

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$194,886

Expenses

$271,130

Net Income

-$76,244

Net Assets

$4,863,038

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$115,428	59.2%
Sales of Assets	$0
Other Income	$143,753	73.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$253,138	93.4%
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	$4,863,038
Total Liabilities	$0
Net Assets	$4,863,038

990-PF

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

PDF

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Welter Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $12.6M (2024)

Expenses $825k (2024)

Total Assets $14.1M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$12.6M (2024)

Expenses

$825k (2024)

Total Assets

$14.1M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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