William And Mary Athletic Educational Foundation
- Assets
- $7.5m
- Revenue
- $5.2m
- Investments
- $1.5m
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 06/1956
- Data as of
- 06/2022
- EIN
- 54-6056480
Organization Overview
William And Mary Athletic Educational Foundation is located in Williamsburg, VA. The organization was established in 1956. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William And Mary Athletic Educational 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 06/2022, William And Mary Athletic Educational Foundation generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $5.3m during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES SUPPORT FOR THE ATHLETIC DEPARTMENT OF THE COLLEGE OF WILLIAM AND MARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ALLOCATIONS TO THE ATHLETIC DEPARTMENT OF THE COLLEGE OF WILLIAM AND MARY THROUGH ALUMNI AND OTHER RELATIONSHIPS.
GRANTS AND ALLOCATIONS TO THE ATHLETIC DEPARTMENT OF THE COLLEGE OF WILLIAM AND MARY THROUGH ALUMNI AND OTHER RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micheal R Bracken Vice Chair | OfficerTrustee | 1 | $0 |
Wayne Edmunds Treasurer | OfficerTrustee | 1 | $0 |
Nancy Mathews Secretary | OfficerTrustee | 1 | $0 |
Marc Elim Board Chair | OfficerTrustee | 6 | $0 |
Jarrad W Turner Executive Director | Officer | 50 | $0 |
J Robert Mcketta Richmond Reg Pres | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $177,603 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,802,832 |
| Noncash contributions included in lines 1a–1f | $841,371 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,980,435 |
| Total Program Service Revenue | $0 |
| Investment income | $7,397 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,191 |
| Net Income from Fundraising Events | $162,122 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,152,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,142,453 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,240 |
| Office expenses | $44,946 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $21,190 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,134 |
| Insurance | $8,083 |
| All other expenses | $0 |
| Total functional expenses | $5,316,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,675,222 |
| Pledges and grants receivable | $2,317,547 |
| Accounts receivable, net | $0 |
| 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 | $19,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,481,549 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,493,580 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,070 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,070 |
| Net assets without donor restrictions | $323,609 |
| Net assets with donor restrictions | $7,168,901 |
| 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 | $7,493,580 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that William And Mary Athletic Educational Foundation has recieved totaling $179,366.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $90,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $42,266 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $30,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $3,800 |
Vitreus Foundation Sullivans Island, SC PURPOSE: TO SUPPORT ATHLETIC DEPARTMENT OF THE COLLEGE OF WILLIAM AND MARY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Colonial Athletic Association Richmond, VA | $12,819,772 | $6,295,119 |
William And Mary Athletic Educational Foundation Williamsburg, VA | $7,493,580 | $5,152,449 |
Tenn Secondary School Athletic Assn Hermitage, TN | $4,684,612 | $5,566,331 |
Kentucky High School Athletic Association Lexington, KY | $3,836,833 | $3,983,952 |
Hilltopper Athletic Foundation Inc Bowling Green, KY | $5,275,821 | $3,372,740 |
North Carolina Independent School Athletic Association Inc Concord, NC | $531,655 | $662,280 |
North Carolina Coaches Association Greensboro, NC | $2,154,289 | $526,335 |
The Virginia Rowing Association At The University Of Virginia Inc Charlottesville, VA | $3,111,248 | $585,282 |
Greenwood High Athletic Boosters Club Incorporated Bowling Green, KY | $243,723 | $445,862 |
Anderson County Quarterback Club Inc Clinton, TN | $80,282 | $366,573 |
Tennessee Athletic Coaches Association Inc Columbia, TN | $287,407 | $250,646 |
Rams Boosters Club Inc Fairfax, VA | $108,979 | $174,154 |