Wilemon Foundation Inc
- Assets
- $8.0m
- Revenue
- $1.1m
- Investments
- $7.3m
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 64-0923957
Organization Overview
Wilemon Foundation Inc is located in Tupelo, MS. The organization was established in 2000. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilemon 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 12/2021, Wilemon Foundation Inc generated $1.1m in total revenue. All expenses for the organization totaled $534.2k during the year ending 12/2021.
Since 2014, Wilemon Foundation Inc has awarded 106 individual grants totaling $5,962,046. 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 |
|---|---|---|---|
Shonda W Sharpe Director | 2 | $0 | |
Shea Wilemon Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $300,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $858,968 |
| Capital Gain Net Income | $437,462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$42,208 |
| Total Revenue | $1,117,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,143 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $140,581 |
| Contributions, gifts, grants paid | $393,668 |
| Total expenses and disbursements | $534,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,580 |
| 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 | $508,837 |
| Total assets | $7,978,283 |
| Accounts payable and accrued expenses | $520 |
| 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 | $520 |
Grants Awarded
Over the last fiscal year, Wilemon Foundation Inc has awarded $393,668 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Tupelo, MS PURPOSE: RELIGIOUS/CHARITABLE | $263,668 |
HEBRON CHRISTIAN ACADEMY PURPOSE: RELIGIOUS/CHARITABLE | $100,000 |
WILDWOOD BAPTIST CHURCH PURPOSE: RELIGIOUS/CHARITABLE | $12,000 |
ST JUDE CHILDRENS RESEARCH HOSPITAL PURPOSE: RELIGIOUS/CHARITABLE | $6,000 |
MORE MINISTRIES PURPOSE: RELIGIOUS/CHARITABLE | $3,600 |
Boone, NC PURPOSE: RELIGIOUS/CHARITABLE | $2,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
R W Norton Art Foundation Shreveport, LA | $90,584,723 | $3,020,184 |
Stowers Machinery Foundation Inc Knoxville, TN | $390,579 | $1,623,317 |
Walton Arts Center Foundation Inc Fayetteville, AR | $17,710,449 | $44,264 |
Tennessee Public Television Council Wcte-Tv Cookeville, TN | $119,930 | $312,693 |
Wilemon Foundation Inc Tupelo, MS | $7,978,283 | $1,117,065 |
Monthaven Arts And Cultural Center Hendersonville, TN | $637,200 | $601,500 |
Arkansas School Band & Orchestra Association Russellville, AR | $438,817 | $379,019 |
National Maritime Museum Of The Gulf Of Mexico Holdings Ii Mobile, AL | $3,385,023 | $71,996 |
The Foundation For Cultural Enrichment Brentwood, TN | $4,105,531 | $323,493 |
Angelo Sylvestro Festorazzi Scholarship Trust Fund Birmingham, AL | $3,128,061 | $470,806 |