THE ROBERT F WOLFE & EDGAR T WOLFE FOUNDATION

EIN: 311253442 501(c)(3) Philanthropy & Grantmaking

COLUMBUS, OH

Total Revenue
$-5,497,118
Total Expenses
$52,620,974
Total Assets
$430,180,579
Net Assets
$370,938,040
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
OH
Principal Officer
SCOTT G HEITKAMP
Phone
6142514000
Tax Period
2023-01-01 to 2023-12-31

THE ROBERT F WOLFE & EDGAR T WOLFE FOUNDATION, founded in 1989, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $5.5M in total revenue in fiscal year 2023. Revenue fell 106% from the prior year — a significant decline worth monitoring.

Mission

THE ROBERT F WOLFE & EDGAR T WOLFE FOUNDATION IS A SUPPORTING ORGANIZATION OF THE COLUMBUS FOUNDATION. THE PURPOSE OF THE ROBERT F WOLFE AND EDGAR T WOLFE FOUNDATION IS TO SUPPORT CHARITABLE ORGANIZATIONS WHICH BENEFIT THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $223,093
Program Service Revenue $0
Investment Income $7,308,467
Other Revenue $-13,028,678
TOTAL REVENUE $-5,497,118

Expense Breakdown

Grants Paid $51,348,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $51,348,000
Other Expenses $1,272,974
TOTAL EXPENSES $52,620,974

Year-over-Year Comparison

2023 2022 Change
Revenue $-5,497,118 $98,426,815 -1.1%
Expenses $52,620,974 $31,713,401 +0.7%
Net Income $-58,118,092 $66,713,414 -1.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,048,581
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN I WOLFE TRUSTEE/CHAIR 1.00
Officer Director
$0 $0 $0
BRUCE A SOLL TRUSTEE/TREASURER 1.00
Officer Director
$0 $0 $0
SARA WOLFE PERRINI TRUSTEE/VICE CHAIR 1.00
Officer Director
$0 $0 $0
PAMELA T FARBER TRUSTEE 1.00
Director
$0 $0 $0
JEFF KAPLAN TRUSTEE 1.00
Director
$0 $0 $0
KATHERINE I WOLFE LLOYD SECRETARY 1.00
Officer
$0 $0 $0
DOUGLAS F KRIDLER PRESIDENT/ASST SECY 0.50
Officer
$0 $105,945 $680,084
SCOTT HEITKAMP ASST TREASURER 0.50
Officer
$0 $63,469 $368,497
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $-5,497,118 $52,620,974 $430,180,579 $-58,118,092
2022 $98,426,815 $31,713,401 $383,864,315 $66,713,414
2021 $13,662,596 $14,641,925 $266,845,111 $-979,329
2020 $10,569,876 $1,305,543 $235,570,158 $9,264,333
2019 $114,824,784 $786,537 $205,694,345 $114,038,247
2018 $11,019,674 $10,943,649 $81,833,882 $76,025
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