Womans Missionary Union Foundation
- Assets
- $53.4m
- Revenue
- $5.3m
- Investments
- $1.5m
- Employees
- 7
- Location
- Birmingham, AL
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 63-1138772
Organization Overview
Womans Missionary Union Foundation is located in Birmingham, AL. The organization was established in 1995. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, Womans Missionary Union Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womans Missionary Union 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, Womans Missionary Union Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 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 2017, Womans Missionary Union Foundation has awarded 106 individual grants totaling $4,511,480. 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
THE WOMAN'S MISSIONARY UNION FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF MOTIVATING AND FACILITATING THE MAKING OF GIFTS, DONATIONS, AND BENEFACTIONS FOR THE ADVANCEMENT, PROMOTION AND MAINTENANCE OF WOMAN'S MISSIONARY UNION AND THE VARIOUS CAUSES FOSTERED, APPROVED, ENDORSED, PROMOTED OR OFFICIALLY SANCTIONED BY WMU AND THE RELATED STATE WMU ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO, MISSIONS EDUCATION AND ANY OTHER PURPOSES WITHIN THE SCOPE OF THE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MANAGES APPROXIMATELY 122 SEPARATE FUNDS, ENDOWMENTS TOTALING OVER $23.2 MILLION, USED STRICTLY FOR THEIR EXEMPT PURPOSE. THE FOUNDATION ALSO SERVES AS THE INVESTMENT MANAGER FOR 24 RELIGIOUS ORGANIZATIONS WITH ASSETS OF $23 MILLION UNDER MANAGEMENT. GRANTS IN EXCESS OF $2.4 MILLION WERE PAID OUT DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David George President | Officer | 40 | $120,320 |
Dennis Anderson Board Of Trustees/treasurer | Officer | 2 | $0 |
Sylvia Deloach Board Of Trustees | Trustee | 2 | $0 |
Kerri Johnson Board Of Trustees | Trustee | 2 | $0 |
Connie Dixon Ex Officio | Trustee | 2 | $0 |
Travis Collins Board Of Trustees | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,475,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,475,060 |
| Total Program Service Revenue | $0 |
| Investment income | $341,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,087,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,264,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,828,903 |
| Grants and other assistance to domestic individuals. | $15,286 |
| Grants and other assistance to Foreign Orgs/Individuals | $606,646 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,320 |
| Compensation of current officers, directors, key employees. | $37,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,384 |
| Pension plan accruals and contributions | $13,764 |
| Other employee benefits | $31,475 |
| Payroll taxes | $23,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,270 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,858 |
| Advertising and promotion | $24,359 |
| Office expenses | $27,734 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,362 |
| Travel | $3,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,752 |
| All other expenses | $0 |
| Total functional expenses | $3,000,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,793,576 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,527 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $49,903 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,841 |
| Net Land, buildings, and equipment | $2,007 |
| Investments—publicly traded securities | $26,951,372 |
| Investments—other securities | $1,505,316 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,093,440 |
| Total assets | $53,441,982 |
| Accounts payable and accrued expenses | $65,794 |
| Grants payable | $1,500,709 |
| 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 | $23,676,145 |
| Total liabilities | $25,242,648 |
| Net assets without donor restrictions | $1,762,350 |
| Net assets with donor restrictions | $26,436,984 |
| 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 | $53,441,982 |
Grants Awarded
Over the last fiscal year, Womans Missionary Union Foundation has awarded $1,200,079 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Birmingham, AL PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $779,837 |
Atlanta, GA PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $49,769 |
Richmond, VA PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $32,265 |
New Orleans, LA PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $30,000 |
Slidell, LA PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $28,000 |
Franklin, TN PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $27,073 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Womans Missionary Union Foundation has recieved totaling $34,082.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $17,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $10,200 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $382 |
Endowment Analysis
| Beg. Balance | $19,969,264 |
| Earnings | $2,836,913 |
| Net Contributions | $1,339,211 |
| Grants | $911,961 |
| Ending Balance | $23,233,427 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womans Missionary Union Foundation Birmingham, AL | $53,441,982 | $5,264,026 |
Walton Electric Trust Inc Monroe, GA | $5,022,901 | $2,337,063 |
The Empty Stocking Fund Inc Atlanta, GA | $3,409,829 | $2,169,289 |
Ferst Readers Inc Madison, GA | $2,420,121 | $2,368,538 |
Kid One Transport System Inc Birmingham, AL | $744,962 | $1,420,128 |
Margaret And Jack Tarver Family Foundation Orlando, FL | $14,491,968 | $1,093,258 |
A Soldiers Child Inc Murfreesboro, TN | $854,539 | $1,143,994 |
Carolands Preservation Foundation Palm Beach, FL | $1,817,806 | $807,126 |
Edward D And Anna Mitchell Family Foundation A Delaware Corp Sarasota, FL | $5,062,154 | $357,034 |
Creating Connected Communities Atlanta, GA | $683,448 | $909,666 |
Baby Dj Maitland, FL | $96,114 | $483,347 |
Phelan Family Foundation Inc Naples, FL | $7,536,211 | $236,240 |