Willayne E Towe Foundation
- Assets
- $731.1k
- Revenue
- $77.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 20-1796087
Organization Overview
Willayne E Towe Foundation is located in Knoxville, TN. The organization was established in 2005. 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. Willayne E Towe Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Willayne E Towe Foundation generated $77.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $62.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Willayne E Towe Foundation has awarded 94 individual grants totaling $380,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory D Mcmurry President / Director | 0.5 | $0 | |
Bob Coppock Secretary / Director | 0.5 | $0 | |
Kelsey S Mcmurry Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,736 |
| Dividends & Interest | $14,078 |
| Net Rental Income | $37,713 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,790 |
| Depreciation | $7,326 |
| Occupancy | $3,735 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41 |
| Total operating and administrative expenses | $24,387 |
| Contributions, gifts, grants paid | $38,500 |
| Total expenses and disbursements | $62,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,790 |
| Savings and temporary cash investments | $371,786 |
| 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 | $295,545 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $731,121 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Willayne E Towe Foundation has awarded $38,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GIRLS INCORPORATED OF OAK RIDGE PURPOSE: GENERAL FUND | $1,500 |
CEDARBROOK OUTREACH INC PURPOSE: GENERAL FUND | $2,500 |
KNOXVILLE - KNOX COUNTY FAMILY JUSTICE CENTER PURPOSE: GENERAL FUND | $1,500 |
KNOXVILLE INNER CITY KIDS OUTREACH PURPOSE: GENERAL FUND | $4,000 |
LIGHTING THE WAY INTERNATIONAL PURPOSE: GENERAL FUND | $3,000 |
RESTORATION HOUSE PURPOSE: GENERAL FUND | $5,000 |