Walter E & Ruth K Wright Charitable Foundation Inc
- Assets
- $797.6k
- Revenue
- $37.0k
- Investments
- $804.7k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 01/2005
- Data as of
- 06/2023
- EIN
- 20-1825157
Organization Overview
Walter E & Ruth K Wright Charitable Foundation Inc is located in Indianapolis, IN. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Walter E & Ruth K Wright Charitable Foundation Inc 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 06/2023, Walter E & Ruth K Wright Charitable Foundation Inc generated $37.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $66.4k during the year ending 06/2023. While expenses have increased by 13.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Walter E & Ruth K Wright Charitable Foundation Inc has awarded 136 individual grants totaling $312,771. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNSOLICITED CHARITABLE CONTRIBUTIONS ARE MADE TO VARIOUS UNRELATED EXEMPT ORGANIZATIONS BASED ON DISCUSSION AND AGREEMENT AMONG THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Wright President | 1 | $0 | |
Donald Wright Treasurer | 1 | $0 | |
Susan Wright Secretary | 1 | $0 | |
Richard Wright Director | 1 | $0 | |
Carolyn Wright Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,074 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,968 |
| Capital Gain Net Income | $14,968 |
| Net ST Capital Gain | $0 |
| Income Modifications | $2,800 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,042 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,679 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,514 |
| Contributions, gifts, grants paid | $61,900 |
| Total expenses and disbursements | $66,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$7,187 |
| 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 | $620,691 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $797,562 |
| 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, Walter E & Ruth K Wright Charitable Foundation Inc has awarded $61,900 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ESTHER MARIE HATTON FOR WOMEN DBA SHELTERHOUSE PURPOSE: CHARITABLE CONTRIBUTION | $6,160 |
FREE MINDS BOOK CLUB & WRITING WORKSHOP PURPOSE: CHARITABLE CONTRIBUTION | $3,440 |
GLEANERS FOOD BANK OF INDIANA PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |
HAVEN HOUSE EMERGENCY SHELTER PURPOSE: CHARITABLE CONTRIBUTION | $6,220 |
LYLES STATION PRESERVATION CORP PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |
INDY READS PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |