Charles L Wackerle Foundation Inc
- Assets
- $1.0m
- Revenue
- $107.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 65-0807329
Organization Overview
Charles L Wackerle Foundation Inc is located in Sarasota, FL. The organization was established in 1998. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles L Wackerle 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, Charles L Wackerle Foundation Inc generated $107.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $56.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Charles L Wackerle Foundation Inc has awarded 13 individual grants totaling $105,224. 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 |
|---|---|---|---|
Christopher Magnuson Director | 0 | $0 | |
Kraig Koach Secretary/tr | 0 | $0 | |
Peter Magnuson President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,268 |
| Capital Gain Net Income | $78,268 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,398 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,367 |
| Total operating and administrative expenses | $2,765 |
| Contributions, gifts, grants paid | $53,224 |
| Total expenses and disbursements | $55,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,098 |
| Savings and temporary cash investments | $0 |
| 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 | $1,000,631 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,049,205 |
| 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, Charles L Wackerle Foundation Inc has awarded $53,224 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Cape Coral, FL PURPOSE: FUND OPERATING EXPENSES | $20,612 |
Venice, FL PURPOSE: FUND OPERATING EXPENSES | $13,306 |
EPISCOPAL DIOCESE OF SW FL PURPOSE: FUND OPERATING EXPENSES | $6,306 |
Punta Gorda, FL PURPOSE: FUND OPERATING EXPENSES | $5,000 |
Sarasota, FL PURPOSE: FUND OPERATING EXPENSES | $4,000 |
Sarasota, FL PURPOSE: FUND OPERATING EXPENSES | $3,000 |
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|---|---|---|
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Lighthouse Gospel Mission Inc Riverview, FL | $956,099 | $6,409,452 |
Equip Leadership Inc Duluth, GA | $5,673,774 | $7,651,794 |
Learning Empowered Inc St Petersburg, FL | $2,480,728 | $4,768,957 |
21st Century Ministries Inc Bradenton, FL | $1,525,100 | $4,748,464 |
Celebration Inc Alpharetta, GA | $12,143,937 | $5,388,788 |
Man In The Mirror Inc Casselberry, FL | $4,107,188 | $4,112,268 |
Scott Dawson Evangelistic Assoc Inc Birmigham, AL | $1,381,144 | $3,273,711 |
Youth Outreach Ministry Inc Pensacola, FL | $414,112 | $3,819,026 |