Winestock Foundation Inc
- Assets
- $71.5k
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 10/2011
- Data as of
- 12/2022
- EIN
- 27-4446117
Organization Overview
Winestock Foundation Inc is located in Jacksonville, FL. The organization was established in 2011. 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. Winestock 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 12/2022, Winestock Foundation Inc generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $35.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Winestock Foundation Inc has awarded 150 individual grants totaling $645,879. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE EDUCATIONAL OPPORTUNITIES FOR ADULTS WHO ARE LOOKING FOR A WAY TO IMPROVE THEIR SKILLS TO GAIN EMPLOYMENT, PURSUE JOB OPPORTUNITIES IN NEW INDUSTRIES, OR SEEK PROMOTIONAL OPPORTUNITIES IN THEIR CURRENT FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Winestock Chairman, Pr | 2 | $0 | |
Brad L Cast Treasurer, D | 1 | $0 | |
Elizabeth Winestock Director | 1 | $0 | |
Dr Flora Johnson Winestock Director | 1 | $0 | |
Ed Ivory Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $4 |
| 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 | $50,004 |
| 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 | $350 |
| Contributions, gifts, grants paid | $35,140 |
| Total expenses and disbursements | $35,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,393 |
| 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 | $150 |
| Total assets | $71,543 |
| 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, Winestock Foundation Inc has awarded $35,140 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN PROJECT SUCCESS PURPOSE: EDUCATION SUPPORT | $2,000 |
MARTIN WEBB LEARNING CENTER PURPOSE: EDUCATION | $3,000 |
OGLETHORPE UNIVERSITY PURPOSE: EDUCATION SUPPORT | $8,500 |
FIRST TEE ATLANTA PURPOSE: EDUCATION TRAINING | $3,500 |
MARCH FOUNDATION PURPOSE: EDUCATION SUPPORT | $4,500 |
CARTER CENTER PURPOSE: GENERAL SUPPORT | $5,000 |