Wtc Foundation
- Assets
- $906.0k
- Revenue
- $152.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 02-0779716
Organization Overview
Wtc Foundation is located in Nashville, TN. The organization was established in 2006. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Wtc 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 12/2022, Wtc Foundation generated $152.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $401.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wtc Foundation has awarded 90 individual grants totaling $1,269,070. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S CHARITABLE PURPOSE - TO PROVIDE FINANCIAL SUPPORT TO OTHER CHARITABLE ORGANIZATIONS - WAS MET IN 2022 THROUGH THE DONATIONS LISTED IN PART XV AND THROUGH SUPPORT OF THE ANNUAL AMERICAN HEART ASSOCIATION GOLF TOURNAMENT.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,969 |
| Interest on Savings | $1,659 |
| 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 | $152,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56,623 |
| Total operating and administrative expenses | $72,112 |
| Contributions, gifts, grants paid | $329,335 |
| Total expenses and disbursements | $401,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $905,986 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $905,986 |
| 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, Wtc Foundation has awarded $329,335 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: FINANCIAL SUPPORT | $108,000 |
FAITH FAMILY MEDICAL CENTER PURPOSE: FINANCIAL SUPPORT | $535 |
DIOCESE OF NASHVILLE PURPOSE: FINANCIAL SUPPORT | $200,000 |
FATHER RYAN HIGH SCHOOL ANNUAL FUND PURPOSE: FINANCIAL SUPPORT | $2,500 |
NASHVILLE CATHOLIC BUSINESS WOMEN'S LEAGUE PURPOSE: FINANCIAL SUPPORT | $3,000 |
NASHVILLE DOLPHINS PURPOSE: FINANCIAL SUPPORT | $1,000 |