The William B Stokely Jr Foundation
- Assets
- $3.7m
- Revenue
- $1.3m
- Investments
- $3.3m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 35-6016402
Organization Overview
The William B Stokely Jr Foundation is located in Knoxville, 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. William B Stokely Jr 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 12/2021, William B Stokely Jr Foundation generated $1.3m in total revenue. All expenses for the organization totaled $436.1k during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, William B Stokely Jr Foundation has awarded 67 individual grants totaling $1,155,762. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William B Stokely III President, D | 0 | $0 | |
Kay H Stokely Exec Vp, Dir | 0 | $0 | |
William B Stokely IV Director | 0 | $0 | |
Stacy S Byerly Director | 0 | $0 | |
Shelley S Przewrocki Director | 0 | $0 | |
Clayton F Stokely Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $27 |
| Dividends & Interest | $115,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $921,254 |
| Capital Gain Net Income | $921,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$873 |
| Total Revenue | $1,336,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $86,490 |
| Pension plans, employee benefits | $6,723 |
| Interest | $0 |
| Taxes | $1,755 |
| Depreciation | $0 |
| Occupancy | $3,703 |
| Travel, conferences, and meetings | $2,903 |
| Printing and publications | $0 |
| Other expenses | $53,361 |
| Total operating and administrative expenses | $157,935 |
| Contributions, gifts, grants paid | $278,202 |
| Total expenses and disbursements | $436,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,396 |
| Savings and temporary cash investments | $401,731 |
| 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 | $3,720,974 |
| Accounts payable and accrued expenses | $17,883 |
| 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 | $17,883 |
Grants Awarded
Over the last fiscal year, The William B Stokely Jr Foundation has awarded $310,704 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BERRY COLLEGE INC PURPOSE: SCHOLARSHIP FUND | $10,000 |
CHRISTIAN ACADEMY OF KNOX PURPOSE: EDUCATION | $30,000 |
CONCORD CHRISTIAN SCHOOL PURPOSE: EDUCATION | $5,000 |
DOGWOOD ARTS FESTIVAL PURPOSE: ART EDUCATION | $250 |
EAST TENNESSEE CHILDREN'S PURPOSE: CHILDREN'S MEDICAL SVCS | $18,000 |
EBENEEZER UNITED METHODIST CHURCH PURPOSE: RELIGIOUS | $250 |