Curtis And Edith Munson Foundation Incorporated Welden Associates

Jacksonville, IL
Tax-exempt since Feb. 1983
EIN: 59-2235907

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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.

Donations to this organization are tax deductible.

Revenue

$2.58M (2024)

Expenses

$2.17M (2024)

Total Assets

$11.7M (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

$2,580,012

Expenses

$2,170,258

Net Income

$409,754

Net Assets

$11,742,244

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$780,634	30.3%
Sales of Assets	$1,799,378	69.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,124,676	97.9%
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	$11,742,244
Total Liabilities	$0
Net Assets	$11,742,244

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administrator)	$165,550	$14,200
Wolcott Henry Iii (President)	$0	$0
Alexander Henry (Treasurer)	$0	$0
Bruce Reid (Secretary)	$0	$0
Samuel Hobbs (Director)	$0	$0

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990-PF

Filed on May 8, 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

$1,684,080

Expenses

$2,133,928

Net Income

-$449,848

Net Assets

$11,332,488

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$744,860	44.2%
Sales of Assets	$939,220	55.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,077,494	97.4%
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	$11,332,490
Total Liabilities	$2
Net Assets	$11,332,488

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$142,000	$13,533
C Wolcott Henry Iii (President)	$0	$0
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Samuel F Hobbs (Director)	$0	$0

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990-PF

Filed on March 19, 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

$1,387,952

Expenses

$2,096,551

Net Income

-$708,599

Net Assets

$11,782,336

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$619,962	44.7%
Sales of Assets	$767,990	55.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,000,382	95.4%
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	$11,782,336
Total Liabilities	$0
Net Assets	$11,782,336

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$135,333	$12,875
C Wolcott Henry Iii (President)	$0	$0
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Truman M Hobbs Jr (Director)	$0	$0

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990-PF

Filed on May 22, 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

$3,944,568

Expenses

$2,513,225

Net Income

$1,431,343

Net Assets

$12,490,733

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$609,452	15.5%
Sales of Assets	$3,335,116	84.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,432,286	96.8%
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	$12,490,733
Total Liabilities	$0
Net Assets	$12,490,733

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$128,750	$12,500
C Wolcott Henry Iii (President)	$0	$0
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Truman M Hobbs Jr (Director)	$0	$0

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990-PF

Filed on May 5, 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

$583,439

Expenses

$2,076,018

Net Income

-$1,492,579

Net Assets

$11,059,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$576,764	98.9%
Sales of Assets	$6,675	1.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,033,487	98.0%
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	$11,059,390
Total Liabilities	$1
Net Assets	$11,059,389

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$123,750	$12,350
C Wolcott Henry Iii (President)	$0	$0
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Truman M Hobbs Jr (Director)	$0	$0

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990-PF

Filed on June 21, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,805,521

Expenses

$2,032,354

Net Income

-$226,833

Net Assets

$12,551,968

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$687,656	38.1%
Sales of Assets	$1,117,865	61.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,992,497	98.0%
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	$12,551,969
Total Liabilities	$1
Net Assets	$12,551,968

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$120,000	$12,217
C Wolcott Henry Iii (President)	$0	$0
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Truman M Hobbs Jr (Director)	$0	$0

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990-PF

Filed on May 12, 2020

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.
2018

Revenue

$1,708,168

Expenses

$2,113,471

Net Income

-$405,303

Net Assets

$12,788,315

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$647,278	37.9%
Sales of Assets	$1,060,890	62.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,992,529	94.3%
Compensation of Officers*	$1,754	0.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,788,315
Total Liabilities	$0
Net Assets	$12,788,315

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$122,167	$11,500
C Wolcott Henry Iii (President)	$0	$1,754
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Truman M Hobbs Jr (Director)	$0	$0

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990-PF

Filed on May 14, 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

$2,631,956

Expenses

$2,039,982

Net Income

$591,974

Net Assets

$13,193,618

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$600,131	22.8%
Sales of Assets	$2,031,825	77.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,952,660	95.7%
Compensation of Officers*	$17,539	0.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,193,618
Total Liabilities	$0
Net Assets	$13,193,618

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$115,000	$11,500
C Wolcott Henry Iii (President)	$0	$0
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Truman M Hobbs Jr (Director)	$0	$0

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990-PF

Filed on May 11, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$1,088,900

Expenses

$1,832,424

Net Income

-$743,524

Net Assets

$12,601,644

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$568,062	52.2%
Sales of Assets	$520,838	47.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,690,382	92.2%
Compensation of Officers*	$70,157	3.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,601,647
Total Liabilities	$3
Net Assets	$12,601,644

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$115,000	$11,500
C Wolcott Henry Iii (President)	$70,157	$7,016
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Truman M Hobbs Jr (Director)	$0	$0

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990-PF

Filed on May 15, 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

$1,333,194

Expenses

$1,910,756

Net Income

-$577,562

Net Assets

$13,345,168

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$572,117	42.9%
Sales of Assets	$761,077	57.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,759,661	92.1%
Compensation of Officers*	$70,157	3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,345,169
Total Liabilities	$1
Net Assets	$13,345,168

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$115,000	$10,995
C Wolcott Henry Iii (President)	$70,157	$6,995
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Truman M Hobbs Jr (Director)	$0	$0

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990-PF

Filed on May 3, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$1,391,099

Expenses

$1,916,637

Net Income

-$525,538

Net Assets

$13,922,730

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$559,765	40.2%
Sales of Assets	$831,334	59.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,755,251	91.6%
Compensation of Officers*	$69,946	3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,922,730
Total Liabilities	$0
Net Assets	$13,922,730

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$109,954	$9,078
C Wolcott Henry Iii (President)	$69,946	$6,915
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Truman M Hobbs Jr (Director)	$0	$0

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990-PF

Filed on June 8, 2015

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

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PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$1,334,076

Expenses

$2,083,468

Net Income

-$749,392

Net Assets

$14,448,268

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$520,876	39.0%
Sales of Assets	$813,200	61.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,952,158	93.7%
Compensation of Officers*	$69,146	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,448,272
Total Liabilities	$4
Net Assets	$14,448,268

Compensation

Key Employees and Officers	Compensation	Other
Angelica Braestrup (Grant Administr)	$90,845	$9,078
C Wolcott Henry Iii (President)	$69,146	$6,915
Bruce Reid (Secretary)	$0	$0
H Alexander Henry (Treasurer)	$0	$0
Truman M Hobbs Jr (Director)	$0	$0

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990-PF

Filed on May 22, 2014

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

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PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$221,127

Expenses

$1,964,917

Net Income

-$1,743,790

Net Assets

$15,197,660

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$556,275	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,808,883	92.1%
Compensation of Officers*	$69,146	3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,197,664
Total Liabilities	$4
Net Assets	$15,197,660

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,430,854

Expenses

$2,097,941

Net Income

$332,913

Net Assets

$16,941,450

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$517,758	21.3%
Sales of Assets	$1,913,096	78.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,979,750	94.4%
Compensation of Officers*	$68,807	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,941,452
Total Liabilities	$2
Net Assets	$16,941,450

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

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

990-PF

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

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

PDF

PDF (2 of 2)

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Updated January 26, 2026

Curtis And Edith Munson Foundation Incorporated Welden Associates

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.58M (2024)

Expenses $2.17M (2024)

Total Assets $11.7M (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

$2.58M (2024)

Expenses

$2.17M (2024)

Total Assets

$11.7M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001