John Houston Wear Jr Foundation
- Assets
- $1.4m
- Revenue
- $94.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgeland, MS
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 64-6150374
Organization Overview
John Houston Wear Jr Foundation is located in Ridgeland, MS. The organization was established in 1993. 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. John Houston Wear Jr 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, John Houston Wear Jr Foundation generated $94.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $99.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, John Houston Wear Jr Foundation has awarded 18 individual grants totaling $492,703. 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 FOUNDATION IS A SUPPORTING ORGANIZATION AS DEFINED IN INTERNAL REVENUE CODE 509(A)(3) AND SUPPORTS THREE 501 (C)(3) EDUCATIONAL ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A SUPPORTING ORGANIZATION AS DEFINED BY INTERNAL REVENUE CODE 509 (A)(3). ITS ORGANIZATIONAL DOCUMENT LIMITS ITS PURPOSES TO SUPPORTING THE FOLLOWING THREE ORGANIZATIONS:MILLSAPS COLLEGE,REFORMED THEOLOGICAL SEMINARY AND UNIVERSITY OF MISSISSIPPI MEDICAL CENTER. GRANTS ARE DISBURSED TO THESE ORGANIZATIONS ANNUALLY TO PROVIDE SCHOLARSHIPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regions Bank Trustee Trustee | 40 | $15,135 | |
Whitney Emrich Director | Trustee | 0.5 | $0 |
Brad Tisdale Director | Trustee | 0.5 | $0 |
Sherry Russum Director | Trustee | 0.5 | $0 |
Phillip Blaylock Director | Trustee | 0.5 | $0 |
Kidada Rice-Larry Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $33,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,069 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,443 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,135 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $638 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $99,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,360,361 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,404,479 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,404,479 |
| Total liabilities and net assets/fund balances | $1,404,479 |
Grants Awarded
Over the last fiscal year, John Houston Wear Jr Foundation has awarded $82,443 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Jackson, MS PURPOSE: SCHOLARSHIPS | $49,465 |
Jackson, MS PURPOSE: SCHOLARSHIPS | $16,489 |
UNIVERSITY OF MS MEDICAL CENTER PURPOSE: SCHOLARSHIPS | $16,489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |
Huey And Angelina Wilson Foundation Baton Rouge, LA | $180,086,901 | $15,078,122 |
Ayers Foundation Parsons, TN | $11,206,154 | $10,940,393 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |