Charitable Foundation Usa
- Assets
- $2.3m
- Revenue
- $354.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Saint Louis, MO
- Founding
- 06/1998
- Data as of
- 12/2020
- EIN
- 43-1783807
Organization Overview
Charitable Foundation Usa, operating under the name co The Wise Accounting Group L, is located in Saint Louis, MO. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. co The Wise Accounting Group L 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 12/2020, co The Wise Accounting Group L generated $354.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $163.3k during the year ending 12/2020. While expenses have increased by 1.4% per year over the past 6 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 2014, co The Wise Accounting Group L has awarded 71 individual grants totaling $493,705. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP/SUSTAIN, WITHIN SCOPE OF IRC SECTION 501(C)(3), A CRITICAL MASS OF SOCIAL COHESION BY (1) SUPPORTING PHILANTHROPY, (2) SHARING GIFTS/GRANTS WITH OTHER CHARITIES,AND (3) DEVELOPING/EXECUTING EDUCATIONAL AND OTHER PROGRAMS THAT FURTHER SOCIAL COHESION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
(2) SHARING GIFTS/GRANTS BY ADMINISTERING SIX DONOR ADVISED FUNDS; ONE ENDOWMENT; SIX CHARITABLE REMAINDER TRUSTS; AND MAKING GRANTS.
(3) DEVELOPING/EXECUTING EDUCATIONAL AND OTHER PROGRAMS TO FURTHER SOCIAL COHESION. PROGRESS WAS MADE IN RESEARCHING AND WRITING EDUCATIONAL MATERIALS AND DEVELOPING SUPPORT SYSTEMS WITH PLANS OF PUBLICLY LAUNCHING THE PROGRAM BEFORE 2024.
(1) SUPPORTING PHILANTHROPY: FUNDRAISING; COMMUNICATE WITH ADVISORS AND DONORS TO SECURE GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel H Jones Sr Director And President | OfficerTrustee | 20 | $24,500 |
David Schulze Director And Secretary | OfficerTrustee | 0.05 | $0 |
Richard M Wise Director And Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,610 |
| Investment income | $38,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $304,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $5,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,624 |
| Information technology | $1,668 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $353 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $163,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,683 |
| Savings and temporary cash investments | $957 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $2,253,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,281,920 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,281,920 |
Grants Awarded
Over the last fiscal year, Charitable Foundation Usa has awarded $81,824 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LA SALLE RETREAT CENTER | | | $15,000 |
NERINX HALL | | | $13,012 |
ST HELENA MONTESSORI SCHOOL INC | | | $9,200 |
INSPIRE INC | | | $9,200 |
ST MARY CHURCH - HYDE PARK | | | $9,200 |
VOCAL ARTS ENSEMBLE-NEW | | | $8,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charitable Foundation Usa has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
St Louis Community Foundation St Louis, MO PURPOSE: CHARITABLE GIVING/VOLUNTEERISM | $15,000 |
Endowment Analysis
| Beg. Balance | $280,544 |
| Earnings | $13,899 |
| Admin Expense | $2,474 |
| Ending Balance | $291,969 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater St Louis Inc Saint Louis, MO | $114,175,989 | $83,585,264 |
Nebraska Children And Families Foundation Lincoln, NE | $60,865,953 | $72,528,420 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
Peter Kiewit Foundation Omaha, NE | $431,803,629 | $21,833,373 |
United Way Of The Midlands Omaha, NE | $22,649,944 | $36,718,233 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Middle Tennessee Inc Nashville, TN | $71,875,939 | $59,642,100 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
Jewish Federation Of Omaha Inc Omaha, NE | $53,867,184 | $39,560,353 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Tulsa Area United Way Tulsa, OK | $38,352,626 | $26,094,881 |