Josephine Wheeler And J A Wheeler Memorial Foundation
- Assets
- $1.2m
- Revenue
- $94.5k
- Investments
- $808.9k
- Employees
- 0
- Location
- Sweetwater, TX
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 75-2485347
Organization Overview
Josephine Wheeler And J A Wheeler Memorial Foundation is located in Sweetwater, TX. 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. Josephine Wheeler And J A Wheeler Memorial 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 12/2023, Josephine Wheeler And J A Wheeler Memorial Foundation generated $94.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $119.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Josephine Wheeler And J A Wheeler Memorial Foundation has awarded 90 individual grants totaling $730,980. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Administrato | 0 | $0 | |
Wayne Chowning Trust Admini | 0 | $0 | |
Elisha Reese Director | 0 | $0 | |
Bill Igal Director | 0 | $0 | |
Tretha Caddell Director | 0 | $0 | |
Gloria Reyna Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,538 |
| Net Rental Income | $40,177 |
| Net Gain on Sale of Assets | $8,305 |
| Capital Gain Net Income | $817 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,626 |
| Total Revenue | $94,481 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,493 |
| Depreciation | $0 |
| Occupancy | $3,328 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,507 |
| Total operating and administrative expenses | $25,677 |
| Contributions, gifts, grants paid | $93,549 |
| Total expenses and disbursements | $119,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,019 |
| 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 | $301,002 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $26,066 |
| Total assets | $1,232,971 |
| 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 | $350 |
| Total liabilities | $350 |
Grants Awarded
Over the last fiscal year, Josephine Wheeler And J A Wheeler Memorial Foundation has awarded $93,549 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CITIZENS FOR CODE ENFORCEMENT PURPOSE: NONRESTRICTED | $20,000 |
CROSBYTON LIONS CLUB PURPOSE: NONRESTRICTED | $1,051 |
RALLS ISD PURPOSE: NONRESTRICTED | $10,000 |
RALLS SENIOR CITIZEN ASSOCIATION PURPOSE: NONRESTRICTED | $15,000 |
LORENZO SENIOR CITIZENS ASSOCIATION PURPOSE: NONRESTRICTED | $14,342 |
CROSBYTON CHAMBER OF COMMERCE PURPOSE: NONRESTRUCTED | $4,208 |