Matilda R Wilson Fund
- Assets
- $13.4m
- Revenue
- $274.6k
- Investments
- $12.6m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 01/1946
- Data as of
- 12/2022
- EIN
- 38-6087665
Organization Overview
Matilda R Wilson Fund is located in Detroit, MI. The organization was established in 1946. 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. Matilda R Wilson Fund 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, Matilda R Wilson Fund generated $274.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Matilda R Wilson Fund has awarded 78 individual grants totaling $5,228,797. 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 |
|---|---|---|---|
David M Hempstead President | 1 | $0 | |
David P Larsen Secretary | 1 | $0 | |
David B Stephens Treasurer | 2 | $27,083 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bodman Plc | 12/30/22 | $273,000 |
Comerica Bank | 12/30/22 | $75,411 |
Wells Fargo | 12/30/22 | $50,940 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47 |
| Dividends & Interest | $191,507 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,081 |
| Capital Gain Net Income | $31,796 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $274,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,083 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $88,209 |
| Taxes | $9,360 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,572 |
| Total operating and administrative expenses | $571,652 |
| Contributions, gifts, grants paid | $1,638,900 |
| Total expenses and disbursements | $2,210,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,119 |
| Savings and temporary cash investments | $553,212 |
| 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 | $622,604 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $148,582 |
| Total assets | $13,411,752 |
| 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 | $2,377,660 |
| Other liabilities | $0 |
| Total liabilities | $2,377,660 |
Grants Awarded
Over the last fiscal year, Matilda R Wilson Fund has awarded $1,638,900 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALMA COLLEGE PURPOSE: CAPITAL IMPROVEMENTS | $50,000 |
BELOIT COLLEGE PURPOSE: CAPITAL CAMPAIGN | $75,000 |
BOYS & GIRLS CLUB OF SOUTHEASTERN MICHIGAN PURPOSE: GENERAL OPERATIONS | $75,000 |
CHILDRENS CENTER OF WAYNE COUNTY PURPOSE: GENERAL OPERATIONS | $35,000 |
COLLEGE FOR CREATIVE STUDIES PURPOSE: GENERAL OPERATIONS AND SCHOLARSHIPS | $50,000 |
COUNCIL OF MICHIGAN FOUNDATIONS PURPOSE: GENERAL OPERATIONS | $3,900 |