The Kemmons Wilson Family Foundation
- Assets
- $43.7m
- Revenue
- $3.4m
- Investments
- $39.4m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 12/1961
- Data as of
- 12/2021
- EIN
- 62-6046687
Organization Overview
The Kemmons Wilson Family Foundation is located in Memphis, TN. The organization was established in 1961. 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. Kemmons Wilson Family Foundation 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 12/2021, Kemmons Wilson Family Foundation generated $3.4m 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 (4.9%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kemmons Wilson Family Foundation has awarded 292 individual grants totaling $7,589,144. 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 |
|---|---|---|---|
Betty W Moore President | 0.5 | $0 | |
Robert A Wilson Vice-President | 0.25 | $0 | |
Kevin Geshke Vice-Pres./treasurer | 0.25 | $0 | |
Carrie Burke Secretary/asst. Treasurer | 40 | $80,826 | |
Zach Ogale Asst. Secretary | 0.25 | $0 | |
Eliot Morris Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $454,709 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,971,686 |
| Capital Gain Net Income | $2,971,686 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $137 |
| Other Income | $11,654 |
| Total Revenue | $3,439,186 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $127,081 |
| Pension plans, employee benefits | $22,103 |
| Interest | $21 |
| Taxes | $32,671 |
| Depreciation | $861 |
| Occupancy | $28,995 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $417,851 |
| Total operating and administrative expenses | $729,071 |
| Contributions, gifts, grants paid | $1,841,950 |
| Total expenses and disbursements | $2,571,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,938,035 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $194,048 |
| 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 | $78,953 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $63,004 |
| Investments—mortgage loans | $0 |
| Investments—other | $39,363,823 |
| Net Land, buildings, and equipment | $12,795 |
| Other assets | $13,800 |
| Total assets | $43,664,458 |
| Accounts payable and accrued expenses | $208,121 |
| 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 | $25,225 |
| Total liabilities | $233,346 |
Grants Awarded
Over the last fiscal year, The Kemmons Wilson Family Foundation has awarded $1,291,500 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
AFP MEMPHIS PURPOSE: GENERAL - OPERATING | $2,500 |
AGAPE CHILD AND FAMILY SERVICES PURPOSE: GENERAL - OPERATING | $25,000 |
ADVANCE MEMPHIS PURPOSE: GENERAL - OPERATING | $50,000 |
BAPTIST MEMORIAL HEALTH CARE FOUNDATION PURPOSE: GENERAL - OPERATING | $202,000 |
BINGHAMPTON DEVELOPMENT CORPORATION PURPOSE: GENERAL - OPERATING | $15,000 |
BRIARCREST CHRISTIAN SCHOOL PURPOSE: GENERAL - OPERATING | $12,750 |