Sam E And Burnice C Wittelfoundation
- Assets
- $2.5m
- Revenue
- $150.6k
- Investments
- $2.4m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-4028699
Organization Overview
Sam E And Burnice C Wittelfoundation is located in Jackson, MS. The organization was established in 2006. 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. Sam E And Burnice C Wittelfoundation 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, Sam E And Burnice C Wittelfoundation generated $150.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $230.2k during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 8 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 2014, Sam E And Burnice C Wittelfoundation has awarded 234 individual grants totaling $1,152,750. 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 |
|---|---|---|---|
T Calvin Wells President/secretary/treasurer | 1 | $0 | |
Cheryl B Wells Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $124,946 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,669 |
| Capital Gain Net Income | $25,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,906 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,390 |
| Total operating and administrative expenses | $78,989 |
| Contributions, gifts, grants paid | $151,250 |
| Total expenses and disbursements | $230,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $105,167 |
| 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 | $2,411 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $108,649 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,545,335 |
| 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, Sam E And Burnice C Wittelfoundation has awarded $151,250 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN BIBLE COLLEGES PURPOSE: GENERAL | $16,500 |
ALLIANCE DEFENDING FREEDOM PURPOSE: GENERAL | $5,000 |
BAPTIST HEALTH FOUNDATION PURPOSE: GENERAL | $2,000 |
BELHAVEN UNIVERSITY PURPOSE: EDUCATION | $11,000 |
BETHESDA PRESBYTERIAN CHURCH PURPOSE: GENERAL | $2,500 |
CANOPY CHILDREN'S SOLUTIONS PURPOSE: GENERAL | $2,500 |