Grant Me The Wisdom Foundation
- Assets
- $1.8m
- Revenue
- $340.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-4059674
Organization Overview
Grant Me The Wisdom Foundation is located in Houston, TX. The organization was established in 2012. 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. Grant ME The Wisdom 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, Grant ME The Wisdom Foundation generated $340.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $615.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grant ME The Wisdom Foundation has awarded 169 individual grants totaling $2,463,961. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF CONNECT@6800 BELLAIRE IS TO USE THE POWER OF HEALTHY PARTNERSHIPS TO CREATE A DYNAMIC PLACE OF HOPE AND HEALTH IMPROVING THE LIVES OF ALL RESIDENTS THROUGH SELF-RELIANCE AND PARTNERSHIPS. A COMMUNITY CENTER WILL BE CONSTRUCTED AS THE NEIGHBORHOOD HUB AROUND WHICH A TRULY FAMILY-FRIENDLY, SAFE NEIGHBORHOOD WILL GROW. DURING 2015, THE FOUNDATION PAID FOR CONSULTANTS AND OPERATING EXPENSES RELATED TO THIS PROJECT. IN LATE 2015, CONNECT@6800 BELLAIRE RECEIVED RECOGNITION OF EXEMPT STATUS UNDER 501(C)(3) AND BEGAN CONDUCTING ACTIVITIES DIRECTLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay K Sears Chairman/vp/secretary | 2 | $0 | |
William J Mcleod Director | 1 | $0 | |
Debra L Mcleod President/treasury | 55 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $108,749 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $231,251 |
| Total Revenue | $340,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $127,161 |
| Total operating and administrative expenses | $149,929 |
| Contributions, gifts, grants paid | $465,490 |
| Total expenses and disbursements | $615,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,959 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $25 |
| 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 | $1,476,439 |
| Total assets | $1,801,423 |
| Accounts payable and accrued expenses | $9,896 |
| 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 | $9,896 |
Grants Awarded
Over the last fiscal year, Grant Me The Wisdom Foundation has awarded $465,490 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
El Segundo, CA PURPOSE: SOCIAL IMPACT | $100,000 |
BLINKNOW FOUNDATION PURPOSE: EDUCATION AND RESEARCH | $70,606 |
TEXAS CENTER FOR JUSTICE AND EQUITY PURPOSE: SOCIAL IMPACT | $45,000 |
YALE UNIVERSITY PURPOSE: EDUCATION & RESEARCH | $35,100 |
Pittsburgh, PA PURPOSE: HEALTHCARE | $28,000 |
Spartanburg, SC PURPOSE: SOCIAL IMPACT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |