Wsg Foundation Inc
- Assets
- $1.2m
- Revenue
- $14.4k
- Investments
- $526.1k
- Employees
- 0
- Location
- Smyrna, GA
- Founding
- 03/1998
- Data as of
- 09/2023
- EIN
- 58-2213357
Organization Overview
Wsg Foundation Inc is located in Smyrna, GA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Wsg 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 09/2023, Wsg Foundation Inc generated $14.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $134.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wsg Foundation Inc has awarded 100 individual grants totaling $380,234. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Millkey President | 3 | $0 | |
Linda Millkey Director/vp/asst | 3 | $34,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,459 |
| Dividends & Interest | $3,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,434 |
| Total operating and administrative expenses | $63,796 |
| Contributions, gifts, grants paid | $70,700 |
| Total expenses and disbursements | $134,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,239 |
| Savings and temporary cash investments | $650,000 |
| 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 | $1,193,388 |
| 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, Wsg Foundation Inc has awarded $70,700 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HEALTHCARE OF ATLANTA PURPOSE: GENERAL OPERATING FUND | $4,000 |
ATLANTA SMILES PURPOSE: GENERAL OPERATING FUND | $500 |
COLUMBIA LAW SCHOOL PURPOSE: GENERAL OPERATING FUND | $5,000 |
COBB COUNTY PUBLIC SAFETY FOUNDATION PURPOSE: GENERAL OPERATING FUND | $5,000 |
JDRF PURPOSE: GENERAL OPERATING FUND | $100 |
OXFORD FOOD PANTRY UNITED CHURCH OF OXFORD PURPOSE: GENERAL OPERATING FUND | $10,000 |