Milford Wampold Support Foundation
- Assets
- $17.0m
- Revenue
- $51.3k
- Investments
- $4.7m
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 72-1406374
Organization Overview
Milford Wampold Support Foundation is located in Baton Rouge, LA. The organization was established in 2000. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Milford Wampold Support 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, Milford Wampold Support Foundation generated $51.3k 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 (14.6%) each year. All expenses for the organization totaled $144.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Milford Wampold Support Foundation has awarded 44 individual grants totaling $1,052,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE MILFORD WAMPOLD SUPPORT FOUNDATION IS TO [CONT'D ON SCH O] PROVIDE FUNDS TO AND OPERATE FOR THE BENEFIT OF (1) THE BATON ROUGE AREA FOUNDATION, AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE, AND A NON-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 509(A)(1) OF THE CODE, BECAUSE IT IS AN ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A)(VI) OF THE CODE; AND (2) SUCH OTHER ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE, AND ARE DESCRIBED IN SECTION 509(A)(1) OR (A)(2) OF THE CODE, AND ARE ORGANIZED AND OPERATED TO SUPPORT SUCH RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL USES AND PURPOSES.
Describe the Organization's Program Activity:
THE MILFORD WAMPOLD SUPPORT FOUNDATION WAS ORGANIZED SPECIFICALLY FOR THE BENEFIT OF THE BATON ROUGE AREA FOUNDATION, A COMMUNITY FOUNDATION EXEMPT UNDER 501(C)(3) AND SUCH OTHER ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND QUALIFY AS NON-PROFIT ORGANIZATIONS UNDER SECTIONS 509(A)(1) AND (2) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Davies Vice-President | OfficerTrustee | 1 | $0 |
John H Fetzer III Secretary/treasurer | OfficerTrustee | 1 | $0 |
Milford Wampold III President | OfficerTrustee | 1 | $0 |
Randy P Roussel Director | Trustee | 1 | $0 |
Rolfe Mccollister Jr Director | Trustee | 1 | $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 | $88 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,500 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $8,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,046 |
| 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 | $31 |
| All other expenses | $4,628 |
| Total functional expenses | $144,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132 |
| Savings and temporary cash investments | $91,232 |
| 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 | $9,905,000 |
| Investments—publicly traded securities | $2,349,498 |
| Investments—other securities | $4,676,558 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,023,420 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $111,000 |
| 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 | $111,000 |
| Net assets without donor restrictions | $16,912,420 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $17,023,420 |
Grants Awarded
Over the last fiscal year, Milford Wampold Support Foundation has awarded $120,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $60,000 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $30,000 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $15,000 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $5,000 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $5,000 |
Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Houston Houston, TX | $90,238,589 | $64,032,577 |
United Way Of Metropolitan Dallas Inc Dallas, TX | $52,867,984 | $61,265,319 |
United Way Of San Antonio & Bexar County San Antonio, TX | $74,846,616 | $63,219,295 |
United Way Of Tarrant County Fort Worth, TX | $18,831,781 | $22,745,265 |
United Way For Greater Austin Austin, TX | $12,924,459 | $23,251,775 |
United Way Of Denton County Inc Denton, TX | $7,662,302 | $25,065,055 |
Circle Of Life Springdale, AR | $23,639,439 | $20,357,791 |
Valero Energy Foundation San Antonio, TX | $27,234,889 | $9,027,256 |
Jewish Federation Of Greater Houston Houston, TX | $13,164,896 | $16,157,692 |
United Way Of Southeast Louisiana New Orleans, LA | $29,969,457 | $17,838,416 |
Jewish Federation Of Greater Dallas Dallas, TX | $18,027,508 | $11,762,815 |
Shalom Austin Austin, TX | $8,435,174 | $13,067,909 |