Wheeler Family Foundation Inc
- Assets
- $13.0m
- Revenue
- $2.0m
- Investments
- $12.7m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 02/1998
- Data as of
- 06/2022
- EIN
- 38-3392912
Organization Overview
Wheeler Family Foundation Inc is located in Troy, MI. The organization was established in 1998. 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. Wheeler Family 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 06/2022, Wheeler Family Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $5.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Wheeler Family Foundation Inc has awarded 51 individual grants totaling $6,032,784. 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 |
|---|---|---|---|
Michaelon A Olson Dir/pres. | 3 | $0 | |
Robert T Howard Exec. Vice President | 1 | $0 | |
Douglas S Soifer Secretary | 3 | $0 | |
Paul Oster Treasurer | 1 | $0 | |
Thomas R Wheeler Director | 1 | $0 | |
Morgan Wright Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,833 |
| Interest on Savings | $0 |
| Dividends & Interest | $365,651 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,507,271 |
| Capital Gain Net Income | $1,507,271 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $276 |
| Total Revenue | $1,984,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,560 |
| Taxes | $55,276 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,730 |
| Total operating and administrative expenses | $443,996 |
| Contributions, gifts, grants paid | $5,448,234 |
| Total expenses and disbursements | $5,892,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,497 |
| 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 | $6,290,295 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7 |
| Total assets | $12,995,803 |
| 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, Wheeler Family Foundation Inc has awarded $5,448,234 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
TURNING POINT USA NFP PURPOSE: EDUCATE STUDENTS ON THE PRINCIPLES OF FREEDOM, FREE MARKETS AND LIMITED GOVERNMENT | $10,000 |
MERCURY ONE INC PURPOSE: TEACHER EDUCATION AND LEADERSHIP TRAINING | $10,000 |
TEXAS CHRISTIAN UNIVERSITY PURPOSE: DISTINGUISHED STUDENT AWARD PROGRAM | $25,000 |
PAN EQUUS ANIMAL SANCTUARY PURPOSE: ANIMAL RESCUE | $18,000 |
YMCA OF FLORIDA'S FIRST COAST INC PURPOSE: REFRESH KIDZONE SPACE, CAMP SCHOLARSHIPS AND SUMMER LEARNING SUPPLIES | $30,000 |
THE HERO FOUNDATION PURPOSE: PROVIDE FINANCIAL ASSISTANCE TO FAMILIES IMPACTED BY CANCER | $1,500 |