Wheaton Foundation
- Assets
- $446.2k
- Revenue
- $1.6m
- Investments
- $33.3k
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-3040364
Organization Overview
Wheaton Foundation is located in Jackson, MS. The organization was established in 2005. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Wheaton 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, Wheaton Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 0.0% per year over the past 4 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 2020, Wheaton Foundation has awarded 69 individual grants totaling $3,949,992. 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
ORPHANAGES AND SCHOOLS IN UNDERSERVED COUNTRIES
MISSIONS PROJECTS PREACHING THE GOSPEL
BENEVOLENCE PROJECTS FEEDING AND CLOTHING AND MEDICAL EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn White Vice President | 0 | $0 | |
Robin Eaton Vice President | 0 | $0 | |
David R White President | 0 | $0 | |
Richard Eaton Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,529,658 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,555 |
| 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 | $1,551,213 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $90 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,544 |
| Total operating and administrative expenses | $5,634 |
| Contributions, gifts, grants paid | $1,320,722 |
| Total expenses and disbursements | $1,326,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,243 |
| Savings and temporary cash investments | $158,619 |
| 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 | $33,333 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $446,196 |
| Accounts payable and accrued expenses | $57 |
| 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 | $57 |
Grants Awarded
Over the last fiscal year, Wheaton Foundation has awarded $1,320,722 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AFRIKA WA YESU PURPOSE: AFRICA MISSIONS | $464,755 |
CLUB 1040 PURPOSE: MIDDLE EAST MISSIONS | $240,000 |
ETERNAL LIGHT MINISTRIES PURPOSE: SCHOOL AND ORPHANAGE | $238,552 |
AMISTAD CRISTIANA PURPOSE: ESTABLISHING A CHURCH | $120,000 |
SUMPANGO CHURCH PURPOSE: ORPHANAGE AND SCHOOL IN GUATEMALA | $67,800 |
BRITTNEY BRAGG PURPOSE: INTERNATIONAL MISSIONS | $39,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wheaton Foundation has recieved totaling $60,010.
| Awarding Organization | Amount |
|---|---|
Changing Destiny Project Houston, TX PURPOSE: General Support | $60,010 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kemper And Leila Williams Foundation New Orleans, LA | $0 | $33,926,761 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Institute For The Advancement Of Minority Health Madison, MS | $471,724 | $1,858,283 |
Purvis Grange Foundation Inc Vicksburg, MS | $22,570,376 | $2,355,706 |
Wheaton Foundation Jackson, MS | $446,196 | $1,551,213 |
Great Work Education Holdings Inc Bentonville, AR | $20,268,905 | $130,194 |
The Camp At Sunshine Farm Birmingham, AL | $1,046,318 | $549,460 |
San Francisco Plantation Garyville, LA | $3,255,954 | $183,680 |
St Annes Society Fort Smith, AR | $74,034 | $275,796 |
Elm Foundation Huntsville, AL | $831,696 | $470,928 |
Sam Foundation Inc Decatur, AL | $152,458 | $40,878 |
Robert L & Mary Margaret Taylor Foundation Conway, AR | $1,819,975 | $139,480 |