Womack Family Foundation
- Assets
- $1.1m
- Revenue
- $151.2k
- Investments
- $988.6k
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 41-1796480
Organization Overview
Womack Family Foundation is located in Plymouth, MN. The organization was established in 1995. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womack 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 12/2021, Womack Family Foundation generated $151.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $122.5k during the year ending 12/2021. While expenses have increased by 10.2% 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 2018, Womack Family Foundation has awarded 46 individual grants totaling $234,500. 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 |
|---|---|---|---|
James S Womack Jr Vice-Preside | 0 | $0 | |
William R Womack Director | 0 | $0 | |
Molly M Womack Secretary/tr | 0 | $0 | |
Katherine M Perszyk Director | 0 | $0 | |
Phoebe M Stavig President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $133,063 |
| Capital Gain Net Income | $133,063 |
| Net ST Capital Gain | $125 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,636 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $31,527 |
| Contributions, gifts, grants paid | $91,000 |
| Total expenses and disbursements | $122,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,027 |
| 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 | $147 |
| Total assets | $1,078,816 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $11,000 |
| 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 | $11,000 |
Grants Awarded
Over the last fiscal year, Womack Family Foundation has awarded $91,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ST DAVID'S CHILD DEV FAMILY SVCS PURPOSE: FAMILY PLACE PROGRAM | $7,500 |
180 DEGREES PURPOSE: CONTINUING OPERATION | $7,000 |
ALS ASSOC - MNSDND CHAPTER PURPOSE: EQUIPMENT LOAN FUND | $7,000 |
JEREMIAH PROGRAM PURPOSE: CONTINUING OPERATIONS | $7,000 |
THE WAYSIDE HOUSE PURPOSE: CONTINUING OPERATIONS | $7,000 |
AVENUES FOR HOMELESS YOUTH PURPOSE: CONTINUING OPERATIONS | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ndn Collective Inc Rapid City, SD | $64,045,146 | $44,950,471 |
Minnesota Council On Foundations Minneapolis, MN | $1,698,240 | $7,242,767 |
Ruminco Ltd Minneapolis, MN | $62,223,712 | $7,052,376 |
Search Institute Minneapolis, MN | $10,519,414 | $10,517,632 |
Community Of Peace Building Company St Paul, MN | $17,498,169 | $1,436,316 |
Kinship Foundation Madison, WI | $510,519 | $697,956 |
Mcm Holdings St Paul, MN | $21,271,227 | $556,348 |
Tfi Foundation Inc Monona, WI | $5,709,720 | $2,349,042 |
Unseen Fargo, ND | $1,248,265 | $1,282,602 |
Community Resource Connection Inc Bemidji, MN | $204,055 | $400,633 |
District 742 Local Education & Activities Foundation St Cloud, MN | $2,185,726 | $356,575 |
Wls Building Company Chaska, MN | $2,375,895 | $318,166 |