Webbcraft Family Foundation Inc
- Assets
- $2.9m
- Revenue
- $188.8k
- Investments
- $2.5m
- Employees
- 0
- Location
- Belton, SC
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 57-1111833
Organization Overview
Webbcraft Family Foundation Inc is located in Belton, SC. The organization was established in 2002. 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. Webbcraft Family Foundation Inc 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, Webbcraft Family Foundation Inc generated $188.8k 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 (4.7%) each year. All expenses for the organization totaled $146.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Webbcraft Family Foundation Inc has awarded 71 individual grants totaling $309,808. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Craft Director | 0 | $0 | |
Jane Kay Director | 0 | $0 | |
Jimmy Craft Director | 0 | $0 | |
Julie Kay Director | 0 | $0 | |
Jerri Lynn Sharpe Executive Director | 0 | $20,000 | |
Faye Staton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $61,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $127,103 |
| Capital Gain Net Income | $127,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $188,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $20,859 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,641 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $318 |
| Printing and publications | $0 |
| Other expenses | $9,983 |
| Total operating and administrative expenses | $61,718 |
| Contributions, gifts, grants paid | $85,009 |
| Total expenses and disbursements | $146,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,474 |
| Savings and temporary cash investments | $247,917 |
| 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 | $2,893,215 |
| Accounts payable and accrued expenses | $317 |
| 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 | $317 |
Grants Awarded
Over the last fiscal year, Webbcraft Family Foundation Inc has awarded $85,009 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
WRIGHT ELEMENTARY SCHOOL PURPOSE: SNACKIN ON STORIES | $10,000 |
BELTON MIDDLE SCHOOL PURPOSE: DISCRETIONARY GRANT | $500 |
BELTON-HONEA PATH HIGH SCHOOL PURPOSE: RENAISSANCE PROGRAM & FFA NATIONAL LAND/RANGE JUDGING CONTEST DISCRETIONARY GRANT | $14,600 |
HONEA PATH ELEMENTARY SCHOOL PURPOSE: READY, SET, DRAW AND KINDERGARTEN SUPERSTAIRS | $2,640 |
HONEA PATH MIDDLE SCHOOL PURPOSE: ESCAPE REALITY READ A BOOK AND FURNITURE REFURBISHMENT | $12,000 |
MARSHALL PRIMARY SCHOOL PURPOSE: MONTESSORI HANDS CONFERENCE AND THE LAND DOWN UNDER T-SHIRTS | $2,469 |