Foundation Of Wesley Woods Inc

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.

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)Compensation
Bill Burch
Chair
$0
Diane Vaughan
President
$0
Lauri Ann Brooks
Vpo
$0
Terry Barcroft
CEO
$0
Keith Gadd
CFO & Sec/trea
$0
Randy Gerig
CFO & Secretary/treasurer
$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

Grants Awarded

Over the last fiscal year, Foundation Of Wesley Woods Inc has awarded $2,305,643 in support to 6 organizations.

Grant RecipientAmount

Atlanta, GA

PURPOSE: CHARITABLE CARE AND WELLNESS PROGRAMMING FOR COMMUNITIES SERVING LOW-INCOME SENIORS

$986,760

WESLEY WOODS SENIOR LIVING

Org PageRecipient Profile

Atlanta, GA

PURPOSE: PROGRAMMATIC SUPPORT FOR AFFILIATED RETIREMENT COMMUNITIES

$857,475

WESLEY WOODS OF ATHENS

Org PageRecipient Profile

Atlanta, GA

PURPOSE: CHARITABLE CARE FOR RESIDENTS OF A LIFECARE COMMUNITY

$159,505

Atlanta, GA

PURPOSE: CHARITABLE CARE

$125,364

WESLEY WOODS CENTER OF EMORY UNIVERSITY INC DBA BUDD TERRACE & WWTOWERS

Org PageRecipient Profile

Atlanta, GA

PURPOSE: CHARITABLE CARE AND PROGRAM SUPPORT

$101,140

WESLEY WOODS NEWNAN PEACHTREE CITY

Org PageRecipient Profile

Atlanta, GA

PURPOSE: CHARITABLE CARE FOR RESIDENTS OF A LIFECARE COMMUNITY

$75,399
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Foundation Of Wesley Woods Inc has recieved totaling $24,250.

Awarding OrganizationAmount
$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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$26,429,681
Earnings$6,211,296
Grants$1,010,886
Ending Balance$31,630,091

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