Billy Williams Foundation
- Assets
- $187.6k
- Revenue
- $5.3k
- Investments
- $181.2k
- Employees
- 0
- Location
- Tenants Harbor, ME
- Founding
- 02/1974
- Data as of
- 12/2022
- EIN
- 23-7338095
Organization Overview
Billy Williams Foundation is located in Tenants Harbor, ME. The organization was established in 1974. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Billy Williams 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, Billy Williams Foundation generated $5.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $8.2k during the year ending 12/2022. While expenses have increased by 19.4% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONS OF $7,400 TO 6 ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia W Brissette President | 1 | $0 | |
Patricia W Brissette Treasurer | 1 | $0 | |
Patricia W Brissette Secretary | 1 | $0 | |
Nicole L Denis Director | 1 | $0 | |
Janice E Williams Director | 1 | $0 | |
Kimberly Williams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,324 |
| 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 | $5,324 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $65 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $825 |
| Contributions, gifts, grants paid | $7,400 |
| Total expenses and disbursements | $8,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258 |
| Savings and temporary cash investments | $6,142 |
| 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 | $181,183 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $187,583 |
| 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, Billy Williams Foundation has awarded $7,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHRHS PURPOSE: CHARRITABLE CONTRIBUTION | $4,000 |
BRAIN INJURY ASSN OF AMERICA-ME CHA PURPOSE: CHARITABLE CONTRIBUTION | $425 |
MIDCOAST MUSIC ACADEMY PURPOSE: CHARITABLE CONTRIBUTION | $850 |
MRC-MOU SUNDOG OUTDOOR EXPEDITIONS PURPOSE: CHARITABLE CONTRIBUTION | $850 |
ALZHEIMER'S CARE CENTER MAINE GENER PURPOSE: CHARITABLE CONTRIBUTION | $850 |
COASTAL OPPORTUNITIES PURPOSE: CHARITABLE CONTRIBUTION | $425 |