Willits Foundation
- Assets
- $21.4m
- Revenue
- $1.1m
- Investments
- $21.3m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 01/1965
- Data as of
- 11/2023
- EIN
- 22-6063106
Organization Overview
Willits Foundation is located in West Palm Beach, FL. The organization was established in 1965. 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. Willits 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 11/2023, Willits Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.6m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Willits Foundation has awarded 73 individual grants totaling $4,895,039. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura W Evans Chairman And President | 5 | $0 | |
George T Maloney Vice President | 0 | $0 | |
Christopher W Jones Trustee | 2 | $0 | |
Caroline Jones Trustee | 2 | $0 | |
James A Diack Chief Operating Officer | 25 | $120,000 | |
Megan Margiotta Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $609,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $505,870 |
| Capital Gain Net Income | $505,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,115,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,382 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $139,705 |
| Total operating and administrative expenses | $314,273 |
| Contributions, gifts, grants paid | $1,267,255 |
| Total expenses and disbursements | $1,581,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,542 |
| 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 | $6,069,341 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,429,769 |
| 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, Willits Foundation has awarded $1,267,255 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
THE LORD'S PLACE PURPOSE: CHARITABLE - APPLIANCES AND AEDS | $75,100 |
CHRIST CHURCH PRESCHOOL PURPOSE: EDUCATION - PLAYGROUND | $8,000 |
GILL ST BERNARD'S SCHOOL PURPOSE: EDUCATION - 5 BWE 2023 SCHOLARSHIPS | $125,000 |
SWEET BRIAR COLLEGE PURPOSE: EDUCATION - WILLITS AG. FELLOWSHIP | $100,000 |
CENTER FOR CREATIVE EDUCATION PURPOSE: EDUCATION - 10 FOUNDATIONS SCHOOL SCHOLARSHIPS & OUTDOOR LEARNING SPACE | $105,000 |
CLEVELAND CLINIC FOUNDATION PURPOSE: HEALTHCARE - MEDICAL EQUIPMENT & PATIENT SERVICES - LIVER TRANSPLANTS | $166,000 |