Mike And Patty Wilson Foundation
- Assets
- $634.8k
- Revenue
- $38.7k
- Investments
- $618.9k
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 47-1415999
Organization Overview
Mike And Patty Wilson Foundation is located in Albuquerque, NM. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mike And Patty Wilson 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 12/2022, Mike And Patty Wilson Foundation generated $38.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $103.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mike And Patty Wilson Foundation has awarded 36 individual grants totaling $763,650. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTRIBUTED TO SUNSET INTERNATIONAL BIBLE INSTITUTE
THE FOUNDATION CONTRIBUTED TO MOUNTAINSIDE CHURCH OF CHRIST
THE FOUNDATION CONTRIBUTED TO INDIA CHILDREN'S MINISTRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Wilson Director | 1 | $0 | |
Patty L Wilson Director | 1 | $0 | |
Crystal Forbes Director | 1 | $0 | |
Kelly Schmedes Director | 1 | $0 | |
Courtney Smith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18 |
| Dividends & Interest | $18,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,666 |
| Capital Gain Net Income | $20,666 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,705 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,944 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,858 |
| Contributions, gifts, grants paid | $91,450 |
| Total expenses and disbursements | $103,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,845 |
| 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 | $634,787 |
| 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, Mike And Patty Wilson Foundation has awarded $91,450 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INDIA CHILDREN'S MINISTRIES PURPOSE: CONTRIBUTION FOR FELLOWSHIP | $3,700 |
SUNSET INTERNATIONAL BIBLE INSTITUTE PURPOSE: CONTRIBUTION FOR FELLOWSHIPS AND ASSISTANCE TO FAMILIES | $75,000 |
MOUNTAINSIDE CHURCH OF CHRIST PURPOSE: CONTRIBUTION FOR FELLOWSHIPS AND ASSISTANCE TO FAMILIES | $12,750 |