Wiseheart Foundation
- Assets
- $8.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Memphis, TN
- Founding
- 02/2013
- Data as of
- 06/2020
- EIN
- 45-5085493
Organization Overview
Wiseheart Foundation is located in Memphis, TN. The organization was established in 2013. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Wiseheart Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $2.7m during the year ending 06/2020. While expenses have increased by 18.1% per year over the past 5 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 2015, Wiseheart Foundation has awarded 247 individual grants totaling $10,583,484. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WISEHEART IS A CHARITABLE FOUNDATION SERVING CHRISTIAN PHILANTHROPISTS BY CREATING SUSTAINABLE, GOD-HONORING GIVING OPTIONS AND SERVING MINISTRIES AND ORGANIZATIONS WITH STRATEGY RESOURCES AND CAPITAL TO IMPACT THE KINGDOM OF GOD AND OTHER MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WISEHEART FOUNDATION'S FOCUS IS TO PARTNER WITH OR COME ALONGSIDE WELL OPERATED AND VETTED GOD-HONORING CHARITIES, MINISTRY GROUPS AND OTHER ORGANIZATIONS TO ASSIST THEM WITH RESOURCES, STRATEGIES AND FUNDING TO HELP THEM FULFILL THEIR MISSION OR PURPOSE. WE WORK DILIGENTLY TO CONNECT OUR DONORS WITH THESE MINISTRIES AND/OR OTHER ORGANIZATIONS AND HELP THEM BE EMPOWERED IN THEIR WORK.WISEHEART WORKS CONTINUALLY TO MINIMIZE THE OPERATIONAL COSTS OF THE FOUNDATION TO MAXIMIZE THE FUNDING ABILITY IN SUPPORT OF THESE CHARITIES. FUNDING OF OPERATIONS COMES FROM A 1% ANNUAL FEE CHARGED AGAINST ALL DONOR ADVISED FUNDS. OVERSIGHT AND APPROVAL OF ALL FUND CHARGES AS WELL AS GRANTS GIVEN IS UNDER THE GUIDELINES ESTABLISHED FOR SUCH PURPOSES AND APPROVED BY THE BOARD OF DIRECTORS. MANAGEMENT COSTS ARE KEPT TO A MINIMUM TO MAXIMIZE THE ABILITY OF OUR DONORS TO GIVE TO EFFECTIVE MINISTRY CAUSES AND ARE ALWAYS TRANSPARENT.WISEHEART STANDS IN THE GAP BETWEEN DONORS AND MINISTRIES OR ORGANIZATIONS TO HELP DONORS MAKE MORE EFFECTIVE CONTRIBUTIONS AND ACCOMPLISH THEIR PHILANTHROPIC GOALS. WE UNDERSTAND THAT MANY DONORS ARE NOT SATISFIED WITH THEIR CHARITABLE GIVING AND FEEL UNSURE WHETHER OR NOT THEIR DONATION IS MAKING A DIFFERENCE. WE UNDERSTAND THAT IT IS DIFFICULT FOR MANY TO KNOW IF A PARTICULAR MINISTRY IS DOING VALID WORK. WISEHEART EXISTS TO PROVIDE DONORS WITH STRATEGIC GIVING OPTIONS TO TRUST THAT THEIR CONTRIBUTIONS ARE EFFECTIVE AND USED FAITHFULLY.WISEHEART ASPIRES TO HELP THE DONOR GIVE GENEROUSLY AND EFFECTIVELY TO AN ORGANIZATION OR GOD-HONORING CAUSE FOR WHICH THEY HAVE A PASSION. THEY SHARE WITH US THEIR PARTICULAR INTEREST AND WE HELP FIND A MINISTRY FOR WHICH THEIR FUNDS CAN HAVE A STRATEGIC IMPACT TO FURTHER THE KINGDOM. WE WANT TO HELP OUR DONORS: *DESIGN A GIVING STRATEGY TO MAXIMIZE CHARITABLE GIFTS ALIGNED WITH THEIR PASSION *CONNECT WITH NONPROFIT LEADERS OF ORGANIZATIONS DOING TRUSTWORTHY WORK WITHIN THAT VISION *VERIFY AND MEASURE THE EFFECTIVENESS OF THEIR DONATION TO THE SUPPORTED MINISTRY OVER THE PAST YEAR, WE HAVE SUPPORTED OR ASSISTED WITH STRATEGIES FOR APPROXIMATELY 160 CHARITIES, CHURCHES AND MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Len E Hardison Executive Director | Officer | 40 | $121,715 |
Elaine Edwards Secretary And Director | OfficerTrustee | 1 | $0 |
Richard Vining President And Director | OfficerTrustee | 1 | $0 |
Tom Edwards Director | Trustee | 1 | $0 |
Bryan Hawkins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,878,551 |
| Noncash contributions included in lines 1a–1f | $2,164,236 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,878,551 |
| Total Program Service Revenue | $0 |
| Investment income | $65,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $367,817 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,311,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,282,028 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $282,075 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,055 |
| Compensation of current officers, directors, key employees. | $9,349 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,840 |
| Payroll taxes | $10,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,263 |
| Office expenses | $8,855 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,367 |
| Insurance | $0 |
| All other expenses | $1,292 |
| Total functional expenses | $2,727,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,340 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,561 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,536 |
| Investments—publicly traded securities | $7,576,394 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,952,831 |
| Accounts payable and accrued expenses | $22,734 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $21,900 |
| Other liabilities | $0 |
| Total liabilities | $44,634 |
| Net assets without donor restrictions | $7,653,299 |
| Net assets with donor restrictions | $254,898 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,952,831 |
Grants Awarded
Over the last fiscal year, Wiseheart Foundation has awarded $2,035,985 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
Cordova, TN PURPOSE: GENERAL SUPPORT | $539,400 |
FAITH BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $100,000 |
Memphis, TN PURPOSE: GENERAL SUPPORT | $92,603 |
SOUTHEAST MISSOURI UNIVERSITY FOUNDATION PURPOSE: GENERAL SUPPORT | $76,721 |
HIGHPOINT CHURCH PURPOSE: GENERAL SUPPORT | $75,000 |
Poplar Bluff, MO PURPOSE: GENERAL SUPPORT | $65,668 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wiseheart Foundation has recieved totaling $15,600.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $15,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marvin M Schwan Charitable Foundation Earth City, MO | $382,868,376 | $16,559,973 |
Foundation For The Charlotte Jewish Community Charlotte, NC | $159,399,995 | $10,248,600 |
Summit Foundation Charlotte, NC | $51,203,610 | $3,500,235 |
Mississippi United Methodist Foundation Inc Ridgeland, MS | $119,572,860 | $7,003,190 |
Global Ministries Foundation Cordova, TN | $17,643,642 | $2,933,405 |
Heart For Africa Inc Roswell, GA | $1,049,084 | $3,210,581 |
Wiseheart Foundation Memphis, TN | $7,952,831 | $3,311,794 |
Perception Funding Inc Kansas City, MO | $481,513 | $2,201,320 |
Church Loan Fund Inc Cleveland, TN | $44,104,861 | $2,125,597 |
Catholic Community Foundation Kansas City, MO | $5,519,161 | $2,887,022 |
Blood Water Mission Inc Nashville, TN | $213,093 | $1,739,723 |
Foundation Of The Holy Apostles Inc Atlanta, GA | $33,564,683 | $0 |