Wishful Wings James S Barnett Jr Memorial Foundation
- Assets
- $857.8k
- Revenue
- $108.4k
- Investments
- $835.9k
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 48-6354330
Organization Overview
Wishful Wings James S Barnett Jr Memorial Foundation is located in Kansas City, MO. The organization was established in 1999. 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. Wishful Wings James S Barnett Jr Memorial 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, Wishful Wings James S Barnett Jr Memorial Foundation generated $108.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $81.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wishful Wings James S Barnett Jr Memorial Foundation has awarded 29 individual grants totaling $103,500. 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 |
|---|---|---|---|
Kyong Ju Barnett Trustee | 15 | $12,000 | |
Jesse Barnett Trustee | 15 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,121 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,268 |
| Capital Gain Net Income | $91,268 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $836 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,616 |
| Total operating and administrative expenses | $64,453 |
| Contributions, gifts, grants paid | $17,000 |
| Total expenses and disbursements | $81,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,292 |
| Savings and temporary cash investments | $19,561 |
| 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 | $835,939 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $857,792 |
| 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, Wishful Wings James S Barnett Jr Memorial Foundation has awarded $17,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ART COUNCIL OF FORT WORTH PURPOSE: SUPPORT OF CARITABLE | $3,000 |
GLASSTIRE PURPOSE: SUPPORT OF CHARITABLE | $2,000 |
BROADWAY BAPTIST CHURCH PURPOSE: SUPPORT OF CHARITABLE | $3,000 |
CLIMATE JUSTICE ALLIANCE PURPOSE: SUPPORT OF CHARITABLE | $3,000 |
AFRICAN AMERICAN CULTURAL HERITAGE PURPOSE: SUPPORT OF CHARITABLE | $3,000 |
NATIVE AMERICAN HERITAGE ASSOCIATION PURPOSE: SUPPORT OF CHARITABLE | $3,000 |