Ws Foundation
- Assets
- $1.1m
- Revenue
- $57.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 02/2010
- Data as of
- 06/2022
- EIN
- 26-1611897
Organization Overview
Ws Foundation is located in Mobile, AL. The organization was established in 2010. 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. Ws 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 06/2022, Ws Foundation generated $57.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $29.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (28.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ws Foundation has awarded 98 individual grants totaling $164,555. 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 |
|---|---|---|---|
Blacksher White-Spunner Officer | 2 | $0 | |
John White-Spunner Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,403 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,237 |
| Capital Gain Net Income | $27,237 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,872 |
| Contributions, gifts, grants paid | $25,450 |
| Total expenses and disbursements | $29,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,877 |
| Savings and temporary cash investments | $1,074,538 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,081,415 |
| 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, Ws Foundation has awarded $25,450 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
THE NATURE CONSERVANCY PURPOSE: CHARITABLE CONTRIBUTION | $250 |
ALABAMA PUBLIC RADIO PURPOSE: CHARITABLE CONTRIBUTION | $300 |
MSAA PURPOSE: CHARITABLE CONTRIBUTION | $300 |
LITTLE SISTERS OF THE POOR PURPOSE: CHARITABLE CONTRIBUTION | $400 |
THE VILLAGE OF SPRINGHILL PURPOSE: CHARITABLE CONTRIBUTION | $500 |
ST JAMES EPISCOPAL SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |