Wilemon Foundation Inc
- Assets
- $7.9m
- Revenue
- $93.7k
- Investments
- $6.8m
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 07/2000
- Data as of
- 12/2023
- 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 12/2023, Wilemon Foundation Inc generated $93.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $660.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Wilemon Foundation Inc has awarded 103 individual grants totaling $5,931,252. 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 | 0 | $0 | |
Shea Wilemon Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,470 |
| Dividends & Interest | $196,358 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,519 |
| Capital Gain Net Income | $73,605 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$108,631 |
| Total Revenue | $93,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,932 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $66,262 |
| Contributions, gifts, grants paid | $594,645 |
| Total expenses and disbursements | $660,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $760,495 |
| 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 | $9,453 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $316,142 |
| Total assets | $7,918,142 |
| 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, Wilemon Foundation Inc has awarded $594,645 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WILDWOOD BAPTIST CHURCH PURPOSE: RELIGIOUS/CHARITABLE | $12,000 |
INTERNATIONAL FLSP CHRST & JEWS PURPOSE: RELIGIOUS/CHARITABLE | $1,200 |
JACK VAN IMPE MINISTRIES PURPOSE: RELIGIOUS/CHARITABLE | $1,200 |
ST JUDE CHILDRENS RESEARCH HOSPITAL PURPOSE: RELIGIOUS/CHARITABLE | $6,000 |
MORE MINISTRIES PURPOSE: RELIGIOUS/CHARITABLE | $3,600 |
BEREAN BAPTIST CHURCH PURPOSE: RELIGIOUS/CHARITABLE | $1,200 |