The Virgil R Williams Charitable
- Assets
- $1.6m
- Revenue
- $127.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Suwanee, GA
- Founding
- 10/1988
- Data as of
- 12/2022
- EIN
- 58-6206644
Organization Overview
The Virgil R Williams Charitable is located in Suwanee, GA. The organization was established in 1988. 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. Virgil R Williams Charitable 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, Virgil R Williams Charitable generated $127.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $197.9k during the year ending 12/2022. While expenses have increased by 9.3% per year over the past 8 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 2014, Virgil R Williams Charitable has awarded 62 individual grants totaling $711,162. 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 |
|---|---|---|---|
Virgil R Williams Trustee | 0.5 | $0 | |
Sara Williams Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,957 |
| Dividends & Interest | $54,322 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,295 |
| Capital Gain Net Income | $70,295 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,753 |
| Contributions, gifts, grants paid | $158,100 |
| Total expenses and disbursements | $197,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $237,322 |
| 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 | $125 |
| Total assets | $1,597,821 |
| 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, The Virgil R Williams Charitable has awarded $158,100 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST BAPTIST CHURCH OF SNELLVILLE PURPOSE: GENERAL OPERATING FUND | $120,000 |
TALL TIMBERS PURPOSE: ALBANY QUAIL PROJECT | $20,000 |
GWINNETT MEDICAL CENTER FOUNDATION PURPOSE: GENERAL OPERATING FUND | $10,000 |
RONNY SPILLERS EVANGELISTIC MINISTRIES INC PURPOSE: GENERAL OPERATING FUND | $1,000 |
BILL RUSSELL LEGACY FOUNDATION PURPOSE: GENERAL OPERATING FUND | $5,000 |
KIDS CHANCE OF GEORGIA PURPOSE: GENERAL OPERATING FUND | $100 |