Wiseheart Foundation
- Assets
- $10.7m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Memphis, TN
- Founding
- 02/2013
- Data as of
- 06/2022
- EIN
- 45-5085493
Organization Overview
Wiseheart Foundation is located in Memphis, TN. The organization was established in 2013. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wiseheart 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 06/2022, Wiseheart Foundation generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 20.4% per year over the past 7 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 2015, Wiseheart Foundation has awarded 488 individual grants totaling $18,572,947. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WISEHEART IS A CHARITABLE FOUNDATION SERVING CHRISTIAN PHILANTHROPISTS BY CREATING SUSTAINABLE, GOD-HONORING GIVING OPTIONS AND SERVING MINISTRIES AND ORGANIZATIONS WITH STRATEGY RESOURCES AND CAPITAL TO IMPACT THE KINGDOM OF GOD AND OTHER MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WISEHEART FOUNDATION'S FOCUS IS TO PARTNER WITH OR COME ALONGSIDE WELL OPERATED AND VETTED GOD-HONORING CHARITIES, MINISTRY GROUPS AND OTHER ORGANIZATIONS TO ASSIST THEM WITH RESOURCES, STRATEGIES AND FUNDING TO HELP THEM FULFILL THEIR MISSION OR PURPOSE. WE WORK DILIGENTLY TO CONNECT OUR DONORS WITH THESE MINISTRIES AND/OR OTHER ORGANIZATIONS AND HELP THEM BE EMPOWERED IN THEIR WORK. WISEHEART WORKS CONTINUALLY TO MINIMIZE THE OPERATIONAL COSTS OF THE FOUNDATION TO MAXIMIZE THE FUNDING ABILITY IN SUPPORT OF THESE CHARITIES. FUNDING OF OPERATIONS COMES FROM A 1% ANNUAL FEE CHARGED AGAINST ALL DONOR ADVISED FUNDS. OVERSIGHT AND APPROVAL OF ALL FUND CHARGES AS WELL AS GRANTS GIVEN IS UNDER THE GUIDELINES ESTABLISHED FOR SUCH PURPOSES AND APPROVED BY THE BOARD OF DIRECTORS. MANAGEMENT COSTS ARE KEPT TO A MINIMUM TO MAXIMIZE THE ABILITY OF OUR DONORS TO GIVE TO EFFECTIVE MINISTRY CAUSES AND ARE ALWAYS TRANSPARENT. WISEHEART STANDS IN THE GAP BETWEEN DONORS AND MINISTRIES OR ORGANIZATIONS TO HELP DONORS MAKE MORE EFFECTIVE CONTRIBUTIONS AND ACCOMPLISH THEIR PHILANTHROPIC GOALS.WE UNDERSTAND THAT MANY DONORS ARE NOT SATISFIED WITH THEIR CHARITABLE GIVING AND FEEL UNSURE WHETHER OR NOT THEIR DONATION IS MAKING A DIFFERENCE. WE UNDERSTAND THAT IT IS DIFFICULT FOR MANY TO KNOW IF A PARTICULAR MINISTRY IS DOING VALID WORK. WISEHEART EXISTS TO PROVIDE DONORS WITH STRATEGIC GIVING OPTIONS TO TRUST THAT THEIR CONTRIBUTIONS ARE EFFECTIVE AND USED FAITHFULLY. WISEHEART ASPIRES TO HELP THE DONOR GIVE GENEROUSLY AND EFFECTIVELY TO AN ORGANIZATION OR GOD-HONORING CAUSE FOR WHICH THEY HAVE A PASSION. WE WANT TO HELP OUR DONORS: *DESIGN A GIVING STRATEGY TO MAXIMIZE CHARITABLE GIFTS ALIGNED WITH THEIR PASSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Len E Hardison Executive Director | Officer | 40 | $120,000 |
Richard Vining President And Board Director | OfficerTrustee | 1 | $0 |
Elaine Edwards Secretary And Director | OfficerTrustee | 1 | $0 |
Tom Edwards Board Member | Trustee | 1 | $0 |
Bryan Hawkins Board Member | Trustee | 1 | $0 |
Chris Winchell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,867,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,867,348 |
| Total Program Service Revenue | $0 |
| Investment income | $190,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,384 |
| Net Gain/Loss on Asset Sales | $1,145,885 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,206,349 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,026,704 |
| 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. | $124,200 |
| Compensation of current officers, directors, key employees. | $9,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,737 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $137,821 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,582 |
| Office expenses | $6,026 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $840 |
| Insurance | $0 |
| All other expenses | $6,351 |
| Total functional expenses | $4,350,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,242,313 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $639 |
| Investments—publicly traded securities | $9,500,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,743,867 |
| Accounts payable and accrued expenses | $3,341 |
| 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 | $3,341 |
| Net assets without donor restrictions | $10,740,526 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,743,867 |
Grants Awarded
Over the last fiscal year, Wiseheart Foundation has awarded $3,620,413 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
Casselberry, FL PURPOSE: GENERAL SUPPORT | $728,833 |
Cordova, TN PURPOSE: GENERAL SUPPORT | $196,840 |
Alpharetta, GA PURPOSE: GENERAL SUPPORT | $182,613 |
Memphis, TN PURPOSE: GENERAL SUPPORT | $168,734 |
Columbus, MS PURPOSE: GENERAL SUPPORT | $166,725 |
Germantown, TN PURPOSE: GENERAL SUPPORT | $150,250 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Wiseheart Foundation has recieved totaling $143,306.
| Awarding Organization | Amount |
|---|---|
Wiseheart Foundation Memphis, TN PURPOSE: GENERAL SUPPORT | $81,306 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $25,500 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: AGRICULTURE, FOOD, NUTRITION | $12,500 |
Evergreen Family Foundation Wilmington, DE PURPOSE: TRINITY CHURCH MANCHESTER FUND | $10,500 |
Evergreen Family Foundation Wilmington, DE PURPOSE: TRINITY CHURCH MANCHESTER FUND | $7,500 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marvin M Schwan Charitable Foundation Earth City, MO | $409,431,512 | $16,300,505 |
Foundation For The Charlotte Jewish Community Charlotte, NC | $211,438,737 | $25,663,220 |
Association Of Community Ministries Inc Louisville, KY | $445,495 | $6,215,911 |
Wiseheart Foundation Memphis, TN | $10,743,867 | $6,206,349 |
Global Ministries Foundation Cordova, TN | $20,808,133 | $5,793,917 |
Heart For Africa Inc Roswell, GA | $1,675,421 | $4,060,144 |
Perception Funding Inc Kansas City, MO | $746,520 | $3,023,889 |
Mississippi United Methodist Foundation Inc Ridgeland, MS | $147,699,774 | -$799,975 |
National Christian Charitable Foundation Inc Knoxville, TN | $13,653,760 | $2,866,277 |
Church Loan Fund Inc Cleveland, TN | $45,949,413 | $2,026,360 |
Catholic Community Foundation Kansas City, MO | $9,563,701 | $3,058,896 |
Back To Jerusalem Inc Laurel, MS | $888,036 | $1,572,378 |