Phil & Lisa Williams Family Foundation
- Assets
- $465.1k
- Revenue
- $58.4k
- Investments
- $306.0k
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 27-4402542
Organization Overview
Phil & Lisa Williams Family Foundation is located in Huntsville, AL. The organization was established in 2012. 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 & Lisa Williams Family 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 12/2022, Phil & Lisa Williams Family Foundation generated $58.4k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $21.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Philip Williams President | 0 | $0 | |
Lisa D Williams Secretary/treasurer | 0 | $0 | |
Kha Duncan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $8,446 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,446 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,160 |
| Contributions, gifts, grants paid | $20,050 |
| Total expenses and disbursements | $21,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,050 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $465,055 |
| 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 & Lisa Williams Family Foundation has awarded $20,050 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
STILL SERVING VETERANS PURPOSE: FOR ASSISTANCE | $3,750 |
HONORING VETERANS LEGACIES PURPOSE: FOR ASSISTANCE | $3,700 |
COMMUNITY FOUNDATION OF GREATER HUNTSVILLE PURPOSE: FOR ASSISTANCE | $3,500 |
CRISES CENTER OF NORTH ALABAMA PURPOSE: FOR ASSISTANCE | $2,000 |
GRAMI PURPOSE: FOR ASSISTANCE | $1,000 |
HUNTSVILLE MADISON COUNTY SENIOR CENTER PURPOSE: FOR ASSISTANCE | $1,100 |