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Weigel Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421755158 ✦ Powell, TN ✦ Designated as a 501(c)(3)

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Overview

What is Weigel Foundation?

The Weigel Foundation is a nonprofit organization, located in the East Tennessee region, with a primary focus on supporting poor children and communities in the Knox County area. Their initiatives include purchasing items from Target to provide Christmas gifts for identified needy children, as well as offering financial aid to enhance the well-being of children and local communities. The foundation's mission is centered around benefiting underprivileged children in the region, demonstrating a strong commitment to making a positive impact in their lives.

Is Weigel Foundation legitimate?

Weigel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Weigel Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Weigel Foundation?

The Weigel Foundation's mission is centered around benefiting impoverished children in a specific area. They accomplish this by purchasing gifts from Target during the Christmas season for these children, who are identified by the Salvation Army. Additionally, the foundation offers financial assistance to children and communities in need, all with the aim of uplifting and supporting poor children in their mission.

Who is the CEO of Weigel Foundation?

William K Weigel is the President/Director of Weigel Foundation.

What is the revenue of Weigel Foundation?

Weigel Foundation's revenue in 2022 was $252,519.

Who are the executives of Weigel Foundation and what are their salaries?

There 400 volunteers at Weigel Foundation.


Here are 5 key members and their salaries:


William B Weigel (President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann R Weigel (Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie W Keville (Vice President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Kurt Weigel (Vice President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret B Weigel (Vice President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Weigel Foundation?

Weigel Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Weigel Foundation

The Weigel Foundation, a nonprofit organization, is dedicated to uplifting impoverished children in its area. With a mission deeply rooted in compassion, the foundation focuses its efforts on providing financial assistance to children and communities in need, specifically in East Tennessee. In line with this mission, the Weigel Foundation collaborates with the Salvation Army to procure Christmas gifts for underprivileged children within Knox County. This initiative serves as a testament to the foundation's commitment to enriching the lives of poor children in its community. The Weigel Foundation's programs also aim to support these children and their communities, working tirelessly to improve their living conditions and ensure a brighter future for the next generation.

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Impact




October, 2024

The Weigel Foundation makes a significant impact by providing Christmas gifts to underprivileged children in the Knox County area. By partnering with the Salvation Army, the foundation identifies children in need and purchases items from Target, ensuring they receive thoughtful gifts during the holiday season. This initiative not only brings joy to these children but also supports the broader goal of uplifting communities in East Tennessee. Through its financial assistance programs, the foundation contributes to improving the lives of vulnerable families, reinforcing its commitment to enhancing the well-being of poor children in the region.




This information is meant to be a general summary of Weigel Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$252,519 (2022)
Expenses
$188,642 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $291
  • Gross Receipts: $322,859

Assets and Liabilities:

  • Total Assets: $406,549
  • Total Liabilities: $45,995
  • Net Assets: $360,554

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Organization Details

Founding Year

2008

Principal Officer

William K Weigel

Main Address

3100 WEIGEL LANE, POWELL, TN, 37849

NTEE Category

Code: P12 - Human services

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