W C English Foundation
- Assets
- $20.2m
- Revenue
- $2.6m
- Investments
- $19.1m
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 10/1966
- Data as of
- 05/2022
- EIN
- 54-6061817
Organization Overview
W C English Foundation is located in Lynchburg, VA. The organization was established in 1966. 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. W C English 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 05/2022, W C English Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $1.2m during the year ending 05/2022. While expenses have increased by 2.4% per year over the past 6 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, W C English Foundation has awarded 232 individual grants totaling $7,272,117. 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
PROVIDE PHYSICAL FACILITIES FOR FAITH CHRISTIAN ACADEMY, A CHRISTIAN ELEMENTARY AND MIDDLE SCHOOL. FCA IS A 501(C)(3) EXEMPT ORG. DEPRECIATION OF FACILITIES AND INSURANCE PAYMENT
GRANTS TO QUALIFYING EXEMPT, CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan E Allen Trustee | 5 | $0 | |
Suzanne E Morse Trustee | 5 | $0 | |
Beverley E Dalton Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $262,096 |
| Net Rental Income | $2,337 |
| Net Gain on Sale of Assets | $1,609,089 |
| Capital Gain Net Income | $1,609,089 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $719,909 |
| Total Revenue | $2,593,431 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,022 |
| Depreciation | $67,211 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $148,413 |
| Total operating and administrative expenses | $331,427 |
| Contributions, gifts, grants paid | $911,000 |
| Total expenses and disbursements | $1,242,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,830 |
| Savings and temporary cash investments | $96,260 |
| 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 | $19,104,735 |
| Net Land, buildings, and equipment | $688,765 |
| Other assets | $16,973 |
| Total assets | $20,208,139 |
| 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, W C English Foundation has awarded $1,077,630 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALTAVISTA AREA YMCA PURPOSE: UNRESTRICTED | $100,000 |
ANDREW P STEWART CENTER PURPOSE: UNRESTRICTED | $30,000 |
AVOCA MUSEUM PURPOSE: UNRESTRICTED-2 GRANTS | $27,500 |
CLEMSON CHILD DEVELOPMENT CENTER PURPOSE: UNRESTRICTED | $30,000 |
CLEMSON COMMUNITY CARE PURPOSE: UNRESTRICTED | $30,000 |
COMMUNITY OF HOPE FIRST BAPTIST CHURCH PURPOSE: UNRESTRICTED | $5,000 |