Freeman & Gladys Wilson Family Foundation Inc
- Assets
- $1.5m
- Revenue
- $96.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lawndale, CA
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 95-4891672
Organization Overview
Freeman & Gladys Wilson Family Foundation Inc is located in Lawndale, CA. The organization was established in 2003. 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. Freeman & Gladys Wilson Family 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, Freeman & Gladys Wilson Family Foundation Inc generated $96.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $89.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Freeman & Gladys Wilson Family Foundation Inc has awarded 196 individual grants totaling $477,300. 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 |
|---|---|---|---|
Norman Wilson CEO | 6 | $0 | |
Justin Bentley Secretary | 4 | $0 | |
Karen Bentley CFO | 4 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,820 |
| Interest on Savings | $39,904 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,912 |
| Total operating and administrative expenses | $15,312 |
| Contributions, gifts, grants paid | $74,500 |
| Total expenses and disbursements | $89,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $796,974 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $700,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,496,974 |
| 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, Freeman & Gladys Wilson Family Foundation Inc has awarded $74,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HOPE PURPOSE: MEDICAL RESEARCH | $1,000 |
FRED JORDAN MISSIONS PURPOSE: FEEDING HOMELESS | $1,000 |
JOYCE MEYER MINISTRIES PURPOSE: RELIGIOUS ACTIVITIES | $1,000 |
LITTLE COMPANY OF MARY HOSPITAL FOUNDATION PURPOSE: MEDICAL RESEARCH | $1,000 |
MAKE-A-WISH FOUNDATION PURPOSE: ASSISTING TERMINALLY ILL | $1,000 |
LONG BEACH MEMORIAL MEDICAL CENTER FOUNDATION PURPOSE: MEDICAL RESEARCH | $5,000 |