Wls Foundation
- Assets
- $760.3k
- Revenue
- $347.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Belton, SC
- Founding
- 01/2018
- Data as of
- 10/2023
- EIN
- 82-3260918
Organization Overview
Wls Foundation is located in Belton, SC. The organization was established in 2018. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 10/2023, Wls Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wls 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 10/2023, Wls Foundation generated $347.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $240.9k during the year ending 10/2023. While expenses have increased by 24.6% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVE AND HELP VETERANS AND FIRST RESPONDERS HEAL FROM TRAUMA AND BETTER THEIR LIVES. EXCESS FUNDS ARE USED FOR THE PURCHASE AND RENNOVATION OF A VETERANS CENTER (PURCHASED AND CURRENTLY BEING RENNOVATED).
Describe the Organization's Program Activity:
Part 3 - Line 4a
VETERANS OUTREACH-SERVES VETERANS OF ALL AGES THROUGH NURSING HOME VISITS, MEAL DELIVERY SERVICES AND VARIETY OF EVENTS TO SHOW VETERANS THEY ARE VALUED, LOVED AND NEVER FORGOTTEN.
NATURE THERAPY-PROVIDES OUTDOOR RECREATION OPPORTURNITIES FOR VETERANS AND THEIR FAMILIES TO ENGAGE THE HEALING POWER OF THE GREAT OUTDOORS.
NAVIGATION SERVICES-THROUGH A STRONG NETWORK OF PARTNERS, WLS FOUNDATION HELPS BY PROVIDING VARIOUS SERVICES TO MEET THE INDIVIDUAL NEEDS OF THE VETERAN (TO INCLUDE FINANCIAL PLANNING, LEGAL SERVICES, AND EMPLOYEMENT COUNSELING).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Elswick President | Officer | 40 | $100,208 |
Field Dunaway Board Member | Trustee | 10 | $0 |
Ronnie Cole Board Member | Trustee | 10 | $0 |
James M Cole Board Member | Trustee | 10 | $0 |
Rick Atkins Treasurer | Trustee | 10 | $0 |
James M Cole Chairman | Trustee | 10 | $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 | $241,678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,678 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $105,433 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $44,234 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,704 |
| Compensation of current officers, directors, key employees. | $5,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,078 |
| Office expenses | $432 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,696 |
| Travel | $5,703 |
| 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 | $2,800 |
| Insurance | $1,880 |
| All other expenses | $0 |
| Total functional expenses | $240,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,799 |
| Savings and temporary cash investments | $0 |
| 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 | $4,583 |
| Net Land, buildings, and equipment | $212,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $760,264 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $760,264 |
| 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 | $760,264 |
Grants Awarded
Over the last fiscal year, Wls Foundation has awarded $19,825 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ANDERSON COUNTY SHERIFF FOUNDATION PURPOSE: K-9 SUPPORT | $13,200 |
MUNICIPAL EMERGENCY SERVICES DEPOSI PURPOSE: VESTS FOR POLICE DOGS | $6,625 |