Old Waverly Foundation Inc
- Assets
- $332.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Point, MS
- Founding
- 11/1997
- Data as of
- 02/2022
- EIN
- 31-1511701
Organization Overview
Old Waverly Foundation Inc is located in West Point, MS. The organization was established in 1997. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Waverly 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 02/2022, Old Waverly Foundation Inc generated $58.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $59.1k during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES EDUCATION THROUGH GOLF AND ASSOCIATED ACTIVITIES.
Describe the Organization's Program Activity:
PROMOTES EDUCATION THROUGH GOLF AND ASSOCIATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Stafford Secretary/tr | 0 | $0 | |
George W Bryan Jr Director | 0 | $0 | |
Shane Williams Director | 0 | $0 | |
Troy Blanton Director | 0 | $0 | |
Boyce Adams President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,141 |
| Gain or Loss | $1,623 |
| Net Income from Gaming & Fundraising | $9,192 |
| Other Revenue | $18,597 |
| Total Revenue | $58,553 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $41,663 |
| Occupancy, rent, utilities, and maintenance | $9,236 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,243 |
| Total expenses | $59,142 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,646 |
| Other assets | $0 |
| Total assets | $332,646 |
| Total liabilities | $0 |
| Net assets or fund balances | $332,646 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old Waverly Foundation Inc has recieved totaling $9,192.
| Awarding Organization | Amount |
|---|---|
American Junior Golf Foundation Inc Braselton, GA PURPOSE: GENERAL SUPPORT | $9,192 |
Endowment Analysis
| Beg. Balance | $31,200 |
| Earnings | $1,779 |
| Ending Balance | $32,192 |
Peer Organizations
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|---|---|---|
Arkansas State University Red Wolves Foundation Inc State University, AR | $49,039,332 | $6,488,806 |
Metairie Country Club Metairie, LA | $30,963,681 | $9,943,546 |
Shoal Creek Shoal Creek, AL | $12,950,565 | $9,210,708 |
Cherokee Country Club Knoxville, TN | $33,935,565 | $11,523,295 |
Chattanooga Golf And Country Club Chattanooga, TN | $23,843,931 | $15,215,377 |
New Orleans Country Club New Orleans, LA | $47,920,866 | $11,586,038 |
Pleasant Valley Country Club Little Rock, AR | $12,498,855 | $8,491,071 |
Country Club Of Little Rock Little Rock, AR | $21,994,741 | $8,734,563 |
East Ridge Country Club Shreveport, LA | $12,239,123 | $9,886,495 |
Chi Omega Fraternity Memphis, TN | $23,658,110 | $9,626,899 |
Southwestern Athletic Conference Birmingham, AL | $6,604,833 | $9,394,841 |
Chickasaw Country Club Memphis, TN | $10,501,686 | $7,914,589 |