Wyman Fam Charitable Foundation
- Assets
- $1.7m
- Revenue
- $50.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 32-6097937
Organization Overview
Wyman Fam Charitable Foundation is located in Sioux Falls, SD. The organization was established in 2010. 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. Wyman Fam Charitable 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 12/2023, Wyman Fam Charitable Foundation generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $126.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wyman Fam Charitable Foundation has awarded 143 individual grants totaling $1,056,600. 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 |
|---|---|---|---|
Dorsey Whitney Trust Company Llc Trustee | 1 | $9,224 | |
Elizabeth Wilcox Trustee | 1 | $0 | |
James Wyman Trustee | 1 | $0 | |
Steven Wyman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,693 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,827 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,171 |
| Total Revenue | $50,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,224 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $21,678 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $126,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $227,138 |
| 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 | $1,512,536 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,739,674 |
| 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, Wyman Fam Charitable Foundation has awarded $105,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
WOUNDED WARRIOR PROJECT INC PURPOSE: GENERAL OPERATING FUND | $1,000 |
CASTLE PINES SCHOLARSHIP FOUNDATION INC PURPOSE: GENERAL OPERATING FUND | $10,000 |
PARKINSON'S FOUNDATION INC PURPOSE: GENERAL OPERATING FUND | $5,000 |
WAYZATA COMMUNITY CHURCH PURPOSE: GENERAL OPERATING FUND | $15,000 |
BLAKE SCHOOL PURPOSE: GENERAL OPERATING FUND | $7,000 |
TWIN CITIES PUBLIC TELEVISION INC PURPOSE: GENERAL OPERATING FUND | $5,000 |