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Weldon Foundation INC EIN 65-0715451

Weldon Foundation INC

EIN  65-0715451 Private foundation / grantmaker Jacksonville, FL
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Size
<$100K
What they do
A private foundation based in Jacksonville, FL.
Leadership
David Weldon · Secretary · $12K
Money in and out
$-198K revenue, $496K expenses
Bottom line
—

A private foundation based in Jacksonville, FL. For fiscal year 2024 it reported $-198K in revenue, $496K in expenses, and $7.9M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$-198K
Pt VIII · Ln 12
Total expenses
$496K
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$694K
Total assets
7.9M
deployed as grants and operations
Grants paid
452K
in FY2024
Grants made
19grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 19 grants · $452K · 2024–2024
Coalition for the HomelessFY2024$330,000
Purdue Research FoundationIN · FY2024$17,500
New Vision Congregational ChurchFY2024$16,000
Barnabas Center INCFY2024$14,000
Take Stock in Children of NassauFY2024$13,000
Boys & Girls Club of Nassau CountyFY2024$10,250
The 1000 Dollar Start-Ups Consortium INCFL · FY2024$10,000
Micah's Place INCFY2024$7,000
Arts Alive Nassau INCFL · FY2024$7,000
Loyola UniversityLA · FY2024$5,250
Jacksonville Humane SocietyFL · FY2024$5,000
Purdue UniversityFY2024$3,500
Mayo ClinicFY2024$3,000
Coalition for the Elimination of EtFY2024$3,000
Nassau County Council on Aging IncorporatedFL · FY2024$2,000
Habitat for Humanity InternationalFY2024$2,000
Ferst Readers of Lamar County INCGA · FY2024$2,000
Women's Giving AllianceFY2024$1,000
See all 19 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV7
Average grantPart XV$24K
Median grantPart XV$5K
Largest grantPart XV$330K
Top cause focusNTEEColleges & Universities (11%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$-198K
FY2024▼ -1183%
Expenses
$496K
FY2024▲ +224%
Total assets
$7.9M
FY2024▼ -8%
Total liabilities
$0
FY2024
Total revenue
$-198K
Pt VIII · Ln 12
Total expenses
$496K
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Total assetsPt II$7.9M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWeldon Foundation INC
EINHdr · item D65-0715451
Principal addressHdr · item CJacksonville, FL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20Z)
Ruling yearIRS BMFMay 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
David Weldon
Secretary
$12,000Pt VII · Sec A
$1,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Weldon Foundation INC executive salaries →

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.91 Operating & administrative $0.09
Grants & contributions paid91%$452K
Operating & administrative9%$44K
Total functional expensesLn 25$496K

Balance Sheet

Part X · end of year
CashLn 1$92K
Total assetsLn 16$7.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$7.9M
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $7.9M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $-198K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $-198K
—
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $-198K · Prior year $18K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $7.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-198K · Expenses $496K
—
Liabilities-to-Assets
Total liabilities — · Total assets $7.9M
—
Net-asset ratio
Net assets $7.9M · Total assets $7.9M
100%
People & payroll
Highest Reported Total Compensation
Individual David Weldon · Reported title SECRETARY · Highest reported compensation $12K · Total expenses $496K
2%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -1183%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$-198K revenue · viewing · ⤓ 990 PDF
FY2023$18K revenue · ⤓ 990 PDF
FY2022$9K revenue · ⤓ 990 PDF
FY2021$22K revenue · ⤓ 990 PDF
FY2020$-329K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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