Wtc Foundation
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 10/2006
- Data as of
- 12/2021
- 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 12/2021, Wtc Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $273.2k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 5 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.
Since 2015, Wtc Foundation has awarded 80 individual grants totaling $939,735. 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
2021
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 2021 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 | $1,392,123 |
| Interest on Savings | $34 |
| Dividends & Interest | $2,306 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,929 |
| Capital Gain Net Income | $824,422 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,409,392 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54,642 |
| Total operating and administrative expenses | $55,513 |
| Contributions, gifts, grants paid | $217,650 |
| Total expenses and disbursements | $273,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,154,805 |
| 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 | $1,154,805 |
| 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 $217,650 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ST CECILIA ACADEMY PURPOSE: FINANCIAL SUPPORT | $110,700 |
AMERICAN HEART ASSOCIATION PURPOSE: FINANCIAL SUPPORT | $92,500 |
NASHVILLE CATHOLIC BUSINESS WOMEN'S LEAGUE PURPOSE: FINANCIAL SUPPORT | $3,000 |
FATHER RYAN HIGH SCHOOL ANNUAL FUND PURPOSE: FINANCIAL SUPPORT | $2,500 |
DIOCESE OF NASHVILLE PURPOSE: FINANCIAL SUPPORT | $2,500 |
Nashville, TN PURPOSE: FINANCIAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |