Phil And Pat Willis Foundation
- Assets
- $1.3m
- Revenue
- $361.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Jackson, MI
- Founding
- 04/2007
- Data as of
- 09/2023
- EIN
- 20-8604545
Organization Overview
Phil And Pat Willis Foundation is located in Jackson, MI. The organization was established in 2007. 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. Phil And Pat Willis 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 09/2023, Phil And Pat Willis Foundation generated $361.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $38.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Phil And Pat Willis Foundation has awarded 95 individual grants totaling $537,268. 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 |
|---|---|---|---|
Phil S Willis President | 0 | $0 | |
Patricia Willis Vice Preside | 0 | $0 | |
Daniel Machnik Vice Preside | 0 | $0 | |
Scott Willis Vice Preside | 0 | $0 | |
Richard Shefferly Trustee | 0 | $0 | |
Theodore Cristoff Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $272,907 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,231 |
| Capital Gain Net Income | $43,231 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $361,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,929 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $668 |
| Total operating and administrative expenses | $5,597 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $38,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,826 |
| 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 | $268,407 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,293,849 |
| 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, Phil And Pat Willis Foundation has awarded $33,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JACKSON INTERFAITH SHELTER PURPOSE: GENERAL FUND | $10,000 |
JACKSON COUNTY PARKS PURPOSE: GENERAL FUND | $10,000 |
GRAS LAKE HISTORICAL SOCIETY PURPOSE: GENERAL FUND | $3,000 |
MICHIGAN CROSSROADS CONCIL PURPOSE: GENERAL FUND | $10,000 |