Wise Fam Foundation
- Assets
- $4.6m
- Revenue
- $294.9k
- Investments
- $287.6k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 65-6374303
Organization Overview
Wise Fam Foundation is located in Naples, FL. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wise Fam 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 12/2022, Wise Fam Foundation generated $294.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $358.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wise Fam Foundation has awarded 71 individual grants totaling $1,008,865. 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 |
|---|---|---|---|
Murray R Wise Pres & Chairman | 1 | $0 | |
Valerie G Wise VP & Director | 0 | $0 | |
Melissa Steed Director | 0 | $0 | |
John B Kirkpatrick Director | 0 | $0 | |
Jason Wise Director | 0 | $0 | |
Alex Anderson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $320 |
| Dividends & Interest | $8,786 |
| Net Rental Income | $50,852 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $112,397 |
| Total Revenue | $294,928 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,117 |
| Depreciation | $24,163 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,964 |
| Total operating and administrative expenses | $89,125 |
| Contributions, gifts, grants paid | $269,345 |
| Total expenses and disbursements | $358,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,803 |
| Savings and temporary cash investments | $300,976 |
| 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 | $12,800 |
| Net Investments - land, buildings, equipment | $3,146,047 |
| Investments—mortgage loans | $0 |
| Investments—other | $132,978 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $757,649 |
| Total assets | $4,560,827 |
| 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 | $277,323 |
| Other liabilities | $0 |
| Total liabilities | $277,323 |
Grants Awarded
Over the last fiscal year, Wise Fam Foundation has awarded $269,345 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
IOWA STATE UNIVERSITY PURPOSE: TO FUND SCHOLARSHIPS FOR STUDENTS SELECTED BY UNIVERSITY,CAMPUS RENOVATIONS, FOOTBALL TEAM SUPPORT, BUILDING FUND, ETC. | $75,500 |
MAYO CLINIC FOUNDATION PURPOSE: ENDOWMENT CONTRIBUTION | $45,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: CONTRIBUTION FOR THEIR GENERAL MINISTRY | $2,000 |
ROBERT LOCKE SCHOLARSHIP NO IA COMM PURPOSE: FUND SCHOLARSHIPS FOR STUDENTS SELECTED BY UNIVERSITY. | $3,000 |
STEPHENS FAMILY YMCA PURPOSE: BUILDING FUND | $5,000 |
PARKLAND COLLEGE FOUNDATION PURPOSE: TO FUND SCHOLARSHIPS FOR COLLEGE STUDENTS | $14,755 |