Jerry & Alice Womack Foundation Inc
- Assets
- $1.2m
- Revenue
- -$37.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Chesapeake, VA
- Founding
- 08/2019
- Data as of
- 10/2023
- EIN
- 83-2679162
Organization Overview
Jerry & Alice Womack Foundation Inc is located in Chesapeake, VA. The organization was established in 2019. 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. Jerry & Alice Womack 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.
Since 2021, Jerry & Alice Womack Foundation Inc has awarded 36 individual grants totaling $194,621. 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 |
|---|---|---|---|
Alice A Womack Director | 5 | $10,000 | |
Jerry T Womack Jr Director | 5 | $10,000 | |
Robert R Carter Director | 5 | $10,000 | |
William R Moss III Director | 5 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $37,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$74,276 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$37,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $295 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $69,439 |
| Contributions, gifts, grants paid | $71,500 |
| Total expenses and disbursements | $140,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $1,756 |
| 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 | $1,171,288 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,173,043 |
| 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, Jerry & Alice Womack Foundation Inc has awarded $71,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CHESAPEAKE HUMANE SOCIETY PURPOSE: ANIMAL WELFARE SERVICES | $2,000 |
NORFOLK SPCA PURPOSE: ANIMAL WELFARE SERVICES | $2,000 |
PORTSMOUTH HUMANE SOCIETY PURPOSE: ANIMAL WELFARE SERVICES | $2,000 |
VIRGINIA BEACH SPCA PURPOSE: ANIMAL WELFARE SERVICES | $2,000 |
UNION MISSION MINISTRIES PURPOSE: COMMUNITY WELFARE/OUTREACH | $2,000 |
WARWICK BAPTIST CHURCH PURPOSE: COMMUNITY WELFARE/OUTREACH | $500 |