Psalm 40 Ventures Inc
Psalm 40 Ventures Inc is a private foundation, based in MADISON, WI. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $4K in total assets. In 2024, it awarded 1 grants totaling $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4K
+14.1% YoY
Annual Giving
$4K
-52.9% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$4K
+41.2% YoY
Under IRS private-foundation payout rules, Psalm 40 Ventures Inc reported a distributable amount of $256 for 2024 — the minimum it must pay out in qualifying distributions.
About Psalm 40 Ventures Inc
Based on IRS filings
Psalm 40 Ventures Inc is a private foundation, based in MADISON, WI. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $4K in total assets. In 2024, it awarded 1 grants totaling $4K.
Ready to take the next step with Psalm 40 Ventures Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $4,429 | $3,880 |
| Revenue | $10,950 | $25,875 |
| Expenses | $10,401 | $21,995 |
| Qualifying Distributions | $10,401 | $21,995 |
| Net Investment Income | — | — |
| Distributable Amount | $256 | $152 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chris & Anne Kruchten ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Chris & Anne Kruchten Madison, WI | HARDSHIP | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kurtis Welton | President/Treasurer | — | — |
| Susan Welton | Vice President | — | — |
| Richard Heilman | Secretary | — | — |
Frequently Asked Questions
How large is Psalm 40 Ventures Inc?
As of 2024, Psalm 40 Ventures Inc holds $4K in total assets with $11K in annual revenue. It awarded 1 grants totaling $4K in 2024.
Where does Psalm 40 Ventures Inc operate?
Psalm 40 Ventures Inc has awarded grants in Pennsylvania, Wisconsin.
What size grants does Psalm 40 Ventures Inc award?
In 2024, Psalm 40 Ventures Inc awarded 1 grants totaling $4K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Psalm 40 Ventures Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Psalm 40 Ventures Inc reported a distributable amount of $256 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Psalm 40 Ventures Inc's EIN?
Psalm 40 Ventures Inc's EIN (Employer Identification Number) is 92-3753778. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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