Wesleyan Homes Foundation
- Assets
- $9.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Georgetown, TX
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 90-0085021
Organization Overview
Wesleyan Homes Foundation is located in Georgetown, TX. The organization was established in 2004. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wesleyan Homes 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, Wesleyan Homes Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $278.8k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE AND EDUCATIONAL PURPOSES FOR SUPPORTING WESLEYAN HOMES, INC. AND OTHER RELATED 501(C)(3) ORGANIZATIONS ACHIEVE THEIR OPERATING AND CAPITAL BUDGET GOALS AND NEEDS TO INCLUDE BENEVOLENT FUNDING TO PROVIDE ROOM, BOARD AND CARE IN CASES OF INDIVIDUAL AND FAMILY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT, PERFORM THE FUNCTIONS OF, CARRY OUT THE PURPOSES OF, AND OTHERWISE BENEFIT THE ACTIVITIES OF RELATED ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE TO INCLUDE A BENEVOLENT FUND TO PROVIDE ROOM, BOARD AND CARE IN CASES OF INDIVIDUAL AND FAMILY NEED, PROVIDE SUBSIDY OF ANY WESLEYAN HOMES OPERATING DEFICITS AND RESTORATION OF OPERATING RESERVES, PROVIDE FUNDS FOR CAPITAL, REAL & PERSONAL PROPERTY EXPENDITURES FOR WESLEYAN HOMES THAT COULD NOT BE FUNDED BUDGET, ENDOWMENT FUNDS, FUNDRAISING ACTIVITIES, AND FUNDING OF SCHOLARSHIPS AND EDUCATIONAL GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Goetz Chief Compliance Officer | Officer | 1 | $0 |
Kevin Byrne Chief Financial Officer | Officer | 1 | $0 |
Mark Lenhard President & CEO | Officer | 1 | $0 |
Bethany Sisneroz Chief Operating Officer | Officer | 1 | $0 |
Edmond Komandosky Board Chair | Trustee | 1 | $0 |
Jeffrey Smith Board Member | 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 | $165,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,938 |
| Total Program Service Revenue | $0 |
| Investment income | $418,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $890,360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,489,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,150 |
| 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 | $58,206 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,453 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,689 |
| Office expenses | $15,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $807 |
| 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 | $2,833 |
| All other expenses | $0 |
| Total functional expenses | $278,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,722 |
| Savings and temporary cash investments | $7,472,331 |
| 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 | $0 |
| Investments—publicly traded securities | $1,613,088 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,291,141 |
| Accounts payable and accrued expenses | $9,854 |
| 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 | $31,622 |
| Total liabilities | $41,476 |
| Net assets without donor restrictions | $6,487,841 |
| Net assets with donor restrictions | $2,761,824 |
| 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 | $9,291,141 |
Grants Awarded
Over the last fiscal year, Wesleyan Homes Foundation has awarded $987,345 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Georgetown, TX PURPOSE: TO PROVIDE CASH TO FUND CERTAIN BOND ESCROWS AS REQUIRED PER VARIOUS AGREEMENTS CONNECTED WITH ISSUANCE OF NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION (NHCEFFC) SERIES 2014 BONDS. NHCEFFC ISSUED THESE SERIES 2014 BONDS AND LOANED THE PROCEEDS TO WESLEYAN HOMES INC TO FINANCE AND REFINANCE A PORTION OF THE COST OF CERTAIN ORGANIZATIONAL HEALTH FACILIITIES IN GEORGETOWN, TEXAS. | $800,000 |
Georgetown, TX PURPOSE: TO HELP COVER THE ACTUAL COSTS OF CARE FOR CERTAIN WESLEYAN HOME RESIDENTS IN EXCESS OF THEIR MEDICAID REIMBURSEMENT OR PERSONAL ABILITY TO PAY. | $187,345 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wesleyan Homes Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Georgetown Healthcare System Inc Georgetown, TX PURPOSE: PROMOTE LIFESTYLE OF WELLNESS THROUGH BUILDING OF SWIMMING POOL FOR RESIDENTS AT WESLEYAN AT ESTRELLA | $5,000 |
Endowment Analysis
| Beg. Balance | $3,385,034 |
| Earnings | $294,528 |
| Net Contributions | $13,375 |
| Ending Balance | $3,692,937 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cal Farleys Boys Ranch Foundation Amarillo, TX | $353,153,021 | $39,306,291 |
Collaborative For Children Houston, TX | $4,167,922 | $11,693,599 |
All Church Home For Children Foundation Fort Worth, TX | $118,594,523 | $22,732,267 |
Tafb-Spe Fort Worth, TX | $0 | $5,833,618 |
Vogel Alcove Foundation Dallas, TX | $9,750,869 | $194,747 |
Salesmanship Club Charitable Golf Of Dallas Inc Dallas, TX | $8,698,636 | $3,698,308 |
Foundation For Depelchin Childrens Center Houston, TX | $123,667,636 | $6,194,433 |
Happy Hill Farm Childrens Home Endowment Foundation Granbury, TX | $19,140,603 | -$2,043,061 |
Lee Moor Childrens Home Trust Estate El Paso, TX | $68,806,563 | $8,958,726 |
Halftime Institute Irving, TX | $1,087,159 | $1,969,897 |
Lena Pope Foundation Inc Fort Worth, TX | $49,220,711 | $4,881,969 |
Gladney Fund Fort Worth, TX | $29,798,123 | $2,368,099 |