Foundation Of Wesley Woods Inc
- Assets
- $48.3m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Atlanta, GA
- Founding
- 03/1984
- Data as of
- 08/2021
- EIN
- 58-1543164
Organization Overview
Foundation Of Wesley Woods Inc is located in Atlanta, GA. The organization was established in 1984. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 08/2021, Foundation Of Wesley Woods Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Wesley Woods 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 08/2021, Foundation Of Wesley Woods Inc generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $2.5m during the year ending 08/2021. While expenses have increased by 0.4% 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, Foundation Of Wesley Woods Inc has awarded 49 individual grants totaling $12,684,402. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATING COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE FOR OLDER ADULTS LIVING IN WESLEY WOODS COMMUNITIES BY RAISING VITAL FUNDING FOR THE LIFE CHANGING WORK OF WESLEY WOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OF WESLEY WOODS PROVIDES CHARITABLE CARE, PROGRAMMATIC AND CAPITAL GRANTS FOR ALL WESLEY WOODS SENIOR LIVING, INC. RETIREMENT COMMUNITIES. ADDITIONALLY, THE ORGANIZATION MAKES GRANTS TO FACILITIES AND PROGRAMS OWNED BY EMORY UNIVERSITY, INC. AND WESLEY WOODS CENTER OF EMORY UNIVERSITY, INC. (AFFILIATED ORGANIZATIONS) AS THEY ALIGN WITH THE FOUNDATIONS MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Burch Chair | OfficerTrustee | 2 | $0 |
Diane Vaughan President | OfficerTrustee | 35 | $0 |
Terry Barcroft CEO | OfficerTrustee | 6 | $0 |
Lauri Ann Brooks Vpo | OfficerTrustee | 12 | $0 |
Keith Gadd CFO & Sec/trea | Officer | 1 | $0 |
Randy Gerig CFO & Secretary/treasurer | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $232,599 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,840,994 |
| Noncash contributions included in lines 1a–1f | $5,003 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,073,593 |
| Total Program Service Revenue | $0 |
| Investment income | $401,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,885,110 |
| Net Income from Fundraising Events | $30,728 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,391,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,305,643 |
| 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 | $50,000 |
| Fees for services: Legal | $1,115 |
| Fees for services: Accounting | $26,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,037 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,507 |
| Advertising and promotion | $14,137 |
| Office expenses | $9,706 |
| Information technology | $223 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,034 |
| Insurance | $4,710 |
| All other expenses | $0 |
| Total functional expenses | $2,503,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,919,591 |
| Pledges and grants receivable | $9,654,512 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $437,410 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,481 |
| Net Land, buildings, and equipment | $5,122 |
| Investments—publicly traded securities | $33,172,390 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,299 |
| Total assets | $48,305,805 |
| Accounts payable and accrued expenses | $45,168 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,295,992 |
| Total liabilities | $1,341,160 |
| Net assets without donor restrictions | $19,107,406 |
| Net assets with donor restrictions | $27,857,239 |
| 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 | $48,305,805 |
Grants Awarded
Over the last fiscal year, Foundation Of Wesley Woods Inc has awarded $2,305,643 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: CHARITABLE CARE AND WELLNESS PROGRAMMING FOR COMMUNITIES SERVING LOW-INCOME SENIORS | $986,760 |
Atlanta, GA PURPOSE: PROGRAMMATIC SUPPORT FOR AFFILIATED RETIREMENT COMMUNITIES | $857,475 |
Atlanta, GA PURPOSE: CHARITABLE CARE FOR RESIDENTS OF A LIFECARE COMMUNITY | $159,505 |
Atlanta, GA PURPOSE: CHARITABLE CARE | $125,364 |
Atlanta, GA PURPOSE: CHARITABLE CARE AND PROGRAM SUPPORT | $101,140 |
Atlanta, GA PURPOSE: CHARITABLE CARE FOR RESIDENTS OF A LIFECARE COMMUNITY | $75,399 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Foundation Of Wesley Woods Inc has recieved totaling $24,250.
| Awarding Organization | Amount |
|---|---|
Ronald And Vicki Canakaris Family Foundation Inc Atlanta, GA PURPOSE: CHARITABLE | $10,000 |
Aec Trust Wilmington, DE PURPOSE: ASBURY HARRIS EPWORTH TOWERS WELLNESS PROGRAM FOR LOW-INCOME SENIORS IN SOUTHWEST ATLANTA (FULTON COUNTY) | $5,000 |
Piedmont Charitable Foundation Inc Atlanta, GA PURPOSE: HEALTHCARE | $5,000 |
William And Lisa Mcgahan Family Foundation Inc Dorado, PR PURPOSE: GENERAL SUPPORT | $2,500 |
Encouragement Unlimited Inc Atlanta, GA PURPOSE: CHARITY | $1,750 |
Endowment Analysis
| Beg. Balance | $26,429,681 |
| Earnings | $6,211,296 |
| Grants | $1,010,886 |
| Ending Balance | $31,630,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Health Services Inc Lauderdale Lakes, FL | $32,394,905 | $15,873,919 |
East Georgia Healthcare Center Inc Swainsboro, GA | $14,076,225 | $20,351,311 |
Qsource Memphis, TN | $27,560,294 | $14,798,417 |
Gift Of Life Marrow Registry Inc Boca Raton, FL | $11,745,818 | $17,402,982 |
Community Medicine Foundation Rock Hill, SC | $12,768,972 | $15,535,244 |
North Carolina Alliance Of Public Health Agencies Inc Raleigh, NC | $4,947,207 | $12,977,982 |
Alphanet Inc Coral Gables, FL | $39,001,005 | $15,148,611 |
Aid Upstate Greenville, SC | $7,616,238 | $10,409,304 |
Northwest Florida Comprehensive Services For Children Inc Birmingham, AL | $2,983,352 | $9,180,646 |
Interfaith Dental Clinic Of Nashville Nashville, TN | $11,283,071 | $7,836,230 |
Etowah-Dekalb-Cherokee Mental Health Board Incorporated Attalla, AL | $3,418,084 | $6,908,412 |
Cornerstone Health Services Inc Tavares, FL | $1,008,192 | $4,602,022 |