Samuel Reese Willis Foundation Inc
- Assets
- $1.7m
- Revenue
- $89.7k
- Investments
- $1.7m
- Employees
- 0
- Location
- Akron, OH
- Founding
- 06/1992
- Data as of
- 09/2023
- EIN
- 34-1662189
Organization Overview
Samuel Reese Willis Foundation Inc is located in Akron, OH. The organization was established in 1992. 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. Samuel Reese Willis 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 09/2023, Samuel Reese Willis Foundation Inc generated $89.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $252.3k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Samuel Reese Willis Foundation Inc has awarded 78 individual grants totaling $737,750. 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 |
|---|---|---|---|
Michele R Wayman Trustee | 2 | $12,388 | |
Nicolet Miller Trustee | 2 | $12,388 | |
Charlotte Graves Trustee | 2 | $12,388 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,171 |
| Dividends & Interest | $79,061 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$33,914 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,333 |
| Total Revenue | $89,651 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,164 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,326 |
| Total operating and administrative expenses | $87,275 |
| Contributions, gifts, grants paid | $165,000 |
| Total expenses and disbursements | $252,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,349 |
| 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 | $304,764 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,730,340 |
| 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, Samuel Reese Willis Foundation Inc has awarded $165,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON CANTON REGIONAL FOOD BANK PURPOSE: SUPPORT | $25,000 |
BOYS AND GIRLS CLUB PURPOSE: SUPPORT | $15,000 |
CHRIST CHILD SOCIETY OF AKRON PURPOSE: SUPPORT | $10,000 |
GOOD SAMARITIAN HUNGER CENTER PURPOSE: SUPPORT | $5,000 |
HABITAT FOR HUMANITY OF SUMMIT AND MEDINA CO PURPOSE: SUPPORT | $25,000 |
HAVEN OF REST MINISTRIES PURPOSE: SUPPORT | $15,000 |