Wheat Foundation Inc
- Assets
- $367.6k
- Revenue
- $44.7k
- Investments
- $355.5k
- Employees
- 0
- Location
- Waxhaw, NC
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 20-1416734
Organization Overview
Wheat Foundation Inc is located in Waxhaw, NC. The organization was established in 2004. 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. Wheat 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, Wheat Foundation Inc generated $44.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $30.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
THE ORGANIZATION MAKES CHARITABLE CONTRIBUTIONS TO OTHER QUALIFYING CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Beckert President/treasurer | 1 | $0 | |
Molly Beckert Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,110 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,158 |
| Capital Gain Net Income | $15,158 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,687 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $30,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,156 |
| Savings and temporary cash investments | $0 |
| 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 | $367,647 |
| 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, Wheat Foundation Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST ANN CATHOLIC CHURCH PURPOSE: GRANT TO DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION. | $25,000 |
HANDS FOR HAITI PURPOSE: GRANT TO FOREIGN REGISTERED CHARITABLE ORGANIZATION. | $5,000 |