J L Williams Foundation Inc
- Assets
- $11.8m
- Revenue
- $675.4k
- Investments
- $6.0m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 75-2671320
Organization Overview
J L Williams Foundation Inc is located in Dallas, TX. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. J L Williams 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 12/2023, J L Williams Foundation Inc generated $675.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, J L Williams Foundation Inc has awarded 287 individual grants totaling $6,855,500. 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 |
|---|---|---|---|
Rj Pipes Chairman | 20 | $100,000 | |
Jonell H Williams President | 10 | $40,000 | |
Julia Underwood Sec Treas | 25 | $40,000 | |
Andrea Connolly Director | 10 | $18,000 | |
Richard Williams Director | 10 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $256,046 |
| Dividends & Interest | $258,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $147,902 |
| Capital Gain Net Income | $95,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,652 |
| Total Revenue | $675,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $216,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $22,229 |
| Interest | $0 |
| Taxes | $4,325 |
| Depreciation | $223 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,787 |
| Total operating and administrative expenses | $335,520 |
| Contributions, gifts, grants paid | $940,000 |
| Total expenses and disbursements | $1,275,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,415 |
| Savings and temporary cash investments | $5,946,777 |
| 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 | $745,919 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$360,988 |
| Total assets | $11,849,751 |
| 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, J L Williams Foundation Inc has awarded $940,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ARMY SCHOLARSHIP FOUNDATION PURPOSE: SCHOLARSHIPS FOR CHILDREN OF US ARMY | $10,000 |
AUSTIN STREET CENTRE PURPOSE: FOOD/SHELTER/MEDICAL FOR HOMELESS | $15,000 |
BATTERED WOMEN'S SHELTER PURPOSE: FOOD/CLOTHING/SHELTER/HOUSING | $5,000 |
CITY SQUARE PURPOSE: FOOD PANTRY/HEALTH/HOUSING HOMELESS | $10,000 |
COMMUNITY COUNCIL PURPOSE: RENT/MORTGAGE/UTILITIES ASSISTANCE | $10,000 |
DALLAS MORNING NEWS CHARITIES PURPOSE: MULTI CHARITIES | $250,000 |