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WEDGE FOUNDATION INC

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Public nonprofit record

WEDGE FOUNDATION INC

EIN 84-5012797 · Private Independent Foundations (T22)

What they do

WEDGE FOUNDATION INC

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$365,121
Expenses$783,616
Annual shortfall $418,495 Expenses were higher than revenue for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Grants paid$1,198,480 · 152.9% of expenses
This source amount exceeds total expenses; compare the filing details carefully.
Revenue$365,121
Expenses$783,616
Assets$4,097,140
Income$702,846
Grants given$1,198,480
Average grant$32,391
Stocks and bonds$1,371,933
Accounting fees$2,020
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
PAUL WEDGE IIIPRESIDENT $126,000
PAUL WEDGEDIRECTOR $40,000
JODY WEDGEDIRECTOR $36,000
BAYLOR WEDGEDIRECTOR $2,000
LILLY WEDGEDIRECTOR $2,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (5)

PAUL WEDGE IIIPRESIDENT

PAUL WEDGEDIRECTOR

JODY WEDGEDIRECTOR

BAYLOR WEDGEDIRECTOR

LILLY WEDGEDIRECTOR

About this charity

Recognized since
January 2020
Location
104 INDIAN HILLS TRAIL, LOUISVILLE, KY 40207
County
Jefferson
In care of
PAUL WEDGE III
Primary officer
PAUL WEDGE III, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990PF
Tax preparer
MAIER TAX & ADVISORY PLLC
NTEE classification
Private Independent Foundations (T22)
IRS tax category
Private Independent Foundations
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1000
Deductibility
1
Foundation
04
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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