His Will Foundation
- Assets
- $5.9m
- Revenue
- $373.7k
- Investments
- $4.8m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 03/2000
- Data as of
- 08/2023
- EIN
- 13-4043877
Organization Overview
His Will Foundation is located in Raleigh, NC. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. His Will Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, His Will Foundation has awarded 23 individual grants totaling $644,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Urban Trustee/part Time | 0 | $0 | |
Carolyn L Urban Trustee/part Time | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $51,019 |
| Dividends & Interest | $9,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $343,800 |
| Capital Gain Net Income | $343,800 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$30,087 |
| Total Revenue | $373,738 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,950 |
| Total operating and administrative expenses | $61,690 |
| Contributions, gifts, grants paid | $251,500 |
| Total expenses and disbursements | $313,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,187,063 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,745,625 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,948,451 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $103,599 |
| Total liabilities | $103,599 |
Grants Awarded
Over the last fiscal year, His Will Foundation has awarded $251,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MISSION TO NORTH PURPOSE: GENERAL | $20,000 |
SOUTHWESTERN ASSEMBLY OF GOD UNIVERSITY PURPOSE: GENERAL | $50,000 |
W ALFONSO MINISTRIES INC PURPOSE: GENERAL | $20,000 |
MEDIA TALK 101 PURPOSE: GENERAL | $47,500 |
CT ASSEMBLY OF GOD CHURCH PURPOSE: GENERAL | $10,000 |
THE KINGS COLLEGE PURPOSE: GENERAL | $40,000 |