Wisdom Family Foundation Inc
- Assets
- $15.4m
- Revenue
- $823.5k
- Investments
- $12.6m
- Employees
- 0
- Location
- Alva, OK
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 26-2151892
Organization Overview
Wisdom Family Foundation Inc is located in Alva, OK. The organization was established in 2010. 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. Wisdom Family 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 12/2023, Wisdom Family Foundation Inc generated $823.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $552.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Wisdom Family Foundation Inc has awarded 24 individual grants totaling $5,203,859. 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 |
|---|---|---|---|
Name Not Listed Director | 1 | $600 | |
Name Not Listed Director | 1 | $600 | |
Name Not Listed Director | 1 | $600 | |
Name Not Listed Director | 1 | $600 | |
Name Not Listed Director | 1 | $600 | |
Name Not Listed Director | 1 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,000 |
| Interest on Savings | $217,506 |
| Dividends & Interest | $198,728 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,386 |
| Capital Gain Net Income | $75,386 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $317,895 |
| Total Revenue | $823,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,710 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,604 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,330 |
| Total operating and administrative expenses | $141,011 |
| Contributions, gifts, grants paid | $411,366 |
| Total expenses and disbursements | $552,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,130,264 |
| 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 | $251,741 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,428,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $476,499 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,397,686 |
| 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, Wisdom Family Foundation Inc has awarded $411,366 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FREEDOM WEST PURPOSE: SCHOLARSHIP | $75,996 |
NWOSU FOUNDATION PURPOSE: GENERAL FUND | $260,000 |
OU FOUNDATION PURPOSE: GENERAL FUND | $7,500 |
LAVERNE PUBLIC SCHOOLS PURPOSE: STOCK TRAILER / PLASMA TABLE | $64,870 |
OKLAHOMA FOUNDATION FOR EXCELLENCE PURPOSE: GENERAL FUND | $1,500 |
TY MCEACHERN PURPOSE: SCHOLARSHIP | $1,500 |