Womack Family Foundation
- Assets
- $847.2k
- Revenue
- -$5.2k
- Investments
- $792.3k
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 03/1995
- Data as of
- 12/2023
- 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.
Since 2018, Womack Family Foundation has awarded 76 individual grants totaling $406,500. 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 |
|---|---|---|---|
Molly M Womack Treasurer/secretary | 1 | $0 | |
James S Womack Jr Vice President | 1 | $0 | |
William R Womack Vice President | 1 | $0 | |
Phoebe M Stavig President | 1 | $0 | |
Katherine M Perszyk Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,592 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$5,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $255 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $18,691 |
| Contributions, gifts, grants paid | $94,000 |
| Total expenses and disbursements | $112,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,989 |
| 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 | $0 |
| Total assets | $847,245 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $19,000 |
| 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 | $19,000 |
Grants Awarded
Over the last fiscal year, Womack Family Foundation has awarded $94,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE DWELLING PLACE PURPOSE: GENERAL FUND | $3,000 |
180 DEGREES PURPOSE: GENERAL FUND | $7,500 |
AVENUES FOR HOMELESS YOUTH PURPOSE: GENERAL FUND | $7,500 |
ALS ASSOCIATION OF MINNESOTA PURPOSE: GENERAL FUND | $8,000 |
CHANGE INC PURPOSE: GENERAL FUND | $3,000 |
ELPIS ENTERPRISES PURPOSE: GENERAL FUND | $5,000 |