Harry T Wilks Family Foundation
- Assets
- $18.2m
- Revenue
- $2.3m
- Investments
- $17.4m
- Employees
- 0
- Location
- Covington, KY
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 27-3046060
Organization Overview
Harry T Wilks Family Foundation is located in Covington, KY. 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. Harry T Wilks Family 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, Harry T Wilks Family Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 9.4% per year over the past 5 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 2017, Harry T Wilks Family Foundation has awarded 137 individual grants totaling $8,509,026. 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 |
|---|---|---|---|
Barbara Wilks Trustee | 5 | $20,000 | |
Nanci Lanni Trustee | 5 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,255 |
| Dividends & Interest | $1,139,322 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,181,121 |
| Capital Gain Net Income | $12,422 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,321,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,896 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,529 |
| Total operating and administrative expenses | $107,180 |
| Contributions, gifts, grants paid | $2,454,071 |
| Total expenses and disbursements | $2,561,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594,642 |
| 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 | $260,000 |
| Total assets | $18,241,126 |
| 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, Harry T Wilks Family Foundation has awarded $2,454,071 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
317 MAIN COMMUNITY MUSIC CENTER PURPOSE: PROVIDE OPERATING FUNDS | $1,000 |
A MINDFUL MOMENT PURPOSE: PROVIDE OPERATING FUNDS | $110,000 |
BROOKLYN MUSEUM PURPOSE: PROVIDE OPERATING FUNDS | $2,500 |
CINCINNATI OPERA PURPOSE: PROVIDE OPERATING FUNDS | $250,000 |
BUTLER PHILHARMONIC ORCHESTRA PURPOSE: PROVIDE OPERATING FUNDS | $30,000 |
CINCINNATI SYMPHONY ORCHESTRA PURPOSE: PROVIDE OPERATING FUNDS | $10,000 |