Westwood Endowment Inc
- Assets
- $0.0
- Revenue
- $107.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 31-1197125
Organization Overview
Westwood Endowment Inc is located in Chattanooga, TN. The organization was established in 1987. 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. Westwood Endowment 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 12/2021, Westwood Endowment Inc generated $107.3k 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 (50.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Westwood Endowment Inc has awarded 67 individual grants totaling $6,675,729. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Hammon Secretary/treasurer | 12 | $10,000 | |
Thomas H Mccallie III President | 16 | $32,500 | |
Rob Martin Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,426 |
| Capital Gain Net Income | $101,426 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,148 |
| Total Revenue | $107,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,733 |
| Printing and publications | $0 |
| Other expenses | $35,677 |
| Total operating and administrative expenses | $104,876 |
| Contributions, gifts, grants paid | $1,665,020 |
| Total expenses and disbursements | $1,769,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Westwood Endowment Inc has awarded $1,665,020 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE CHILDRENS MINISTRY PURPOSE: FAMILY | $10,000 |
CHRIST'S HOPE INTERNATIONAL PURPOSE: MISCELLANEOUS | $15,000 |
4AFRICA PURPOSE: MISCELLANEOUS | $231,403 |
GLOBAL TRUST PARTNERS PURPOSE: MISCELLANEOUS | $213,102 |
HOPE WALKS PURPOSE: YOUTH AND CHILDREN | $3,000 |
KIJABE CHILDRENS EDUCATIONAL FUND INC PURPOSE: YOUTH AND CHILDREN | $56,403 |