Inken & Les Willis Foundation Tr
- Assets
- $1.7m
- Revenue
- $56.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 37-6404173
Organization Overview
Inken & Les Willis Foundation Tr is located in San Antonio, TX. The organization was established in 2004. 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. Inken & Les Willis Foundation Tr 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, Inken & Les Willis Foundation Tr generated $56.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $111.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Inken & Les Willis Foundation Tr has awarded 21 individual grants totaling $370,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A-NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie E Willis III Trustee | 0 | $0 | |
Kevin Mark Willis Board Of Managers | 0 | $0 | |
Mitch Mcmanus Board Of Managers | 0 | $0 | |
Leslie E Willis III Trustee | 0 | $0 | |
Kevin Mark Willis Board Of Man | 0 | $0 | |
Mitch Mcmanus Board Of Man | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,319 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,185 |
| Capital Gain Net Income | $8,460 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,504 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $570 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,715 |
| Total operating and administrative expenses | $21,020 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $111,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,376 |
| Net Accounts receivable | $327 |
| 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 | $1,652,761 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,672,137 |
| 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, Inken & Les Willis Foundation Tr has awarded $180,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSROADS CHRISTIAN SCHOOL PURPOSE: TO ASSIST NEEDY FAMILIES WITH BASIC LIVING AND EDUCATION | $11,250 |
CHILDREN'S BEREAVEMENT CENTER OF SOUTH TEXAS PURPOSE: TO ASSIST NEEDY FAMILIES WITH BASIC LIVING AND EDUCATION | $5,625 |
MARBLE FALLS EDUCATION FOUNDATION PURPOSE: TO ASSIST NEEDY FAMILIES WITH BASIC LIVING AND EDUCATION | $22,500 |
RANSOMED LIFE INC PURPOSE: TO ASSIST NEEDY FAMILIES WITH BASIC LIVING AND EDUCATION | $20,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: TO ASSIST NEEDY FAMILIES WITH BASIC LIVING AND EDUCATION | $25,000 |
ADOPT A NEEDY FAMILY PURPOSE: TO ASSIST NEEDY FAMILIES WITH BASIC LIVING AND EDUCATION | $5,625 |