Wisdom Family Foundation Inc
- Assets
- $16.0m
- Revenue
- $1.2m
- Investments
- $11.7m
- Employees
- 0
- Location
- Alva, OK
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 26-2151892
Organization Overview
Wisdom Family Foundation Inc is located in Alva, OK. The organization was established in 2010. 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. Wisdom Family 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 12/2021, Wisdom Family Foundation Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $267.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Wisdom Family Foundation Inc has awarded 14 individual grants totaling $3,209,755. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Wisdom Director | 0 | $600 | |
Lee Brandt Director | 0 | $600 | |
Ken Schultz Director | 0 | $600 | |
Jeanne Anne King Director | 0 | $600 | |
Douglas Voth Director | 0 | $600 | |
Nancy Hall Director | 0 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,198 |
| Interest on Savings | $171,772 |
| Dividends & Interest | $164,759 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $453,133 |
| Capital Gain Net Income | $453,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $437,238 |
| Total Revenue | $1,241,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,040 |
| Total operating and administrative expenses | $134,844 |
| Contributions, gifts, grants paid | $132,996 |
| Total expenses and disbursements | $267,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,291,667 |
| 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 | $634,762 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,428,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $451,499 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,026,789 |
| 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, Wisdom Family Foundation Inc has awarded $132,996 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FREEDOM WEST PURPOSE: SCHOLARSHIP | $75,996 |
OKEENE PUBLIC SCHOOLS PURPOSE: GRANTS | $57,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |