Wiseheart Foundation
- Assets
- $200.9k
- Revenue
- $306.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Memphis, TN
- Founding
- 02/2013
- Data as of
- 06/2023
- EIN
- 45-5085493
Organization Overview
Wiseheart Foundation, operating under the name Ncf Memphis, 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. As of 06/2023, Ncf Memphis employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncf Memphis 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 06/2023, Ncf Memphis generated $306.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $10.9m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ncf Memphis has awarded 427 individual grants totaling $27,077,821. 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
2023
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 |
|---|---|---|---|
Richard Vining President And Board Direct | OfficerTrustee | 1 | $0 |
Tom Edwards Board Member | Trustee | 1 | $0 |
Bryan Hawkins Board Member | Trustee | 1 | $0 |
Chris Winchell Board Member | Trustee | 1 | $0 |
Katie Sheppard Board Member | Trustee | 1 | $0 |
Len E Hardison Executive Director | Officer | 40 | $143,750 |
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 | $96,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,688 |
| Total Program Service Revenue | $194,202 |
| Investment income | $22,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,551 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,564,145 |
| 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. | $148,106 |
| Compensation of current officers, directors, key employees. | $11,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,828 |
| Payroll taxes | $43,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,946 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,090 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,014 |
| 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 | $187 |
| Insurance | $0 |
| All other expenses | $17,495 |
| Total functional expenses | $10,851,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,071 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $868 |
| 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 | $452 |
| Investments—publicly traded securities | $175,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,884 |
| Accounts payable and accrued expenses | $868 |
| 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 | $868 |
| Net assets without donor restrictions | $200,016 |
| 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 | $200,884 |
Grants Awarded
Over the last fiscal year, Wiseheart Foundation has awarded $10,540,859 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHRISTIAN FOUNDATION PURPOSE: GENERAL SUPPORT | $10,481,131 |
FOR OTHERS FOUNDATION-ANGEL ARMIES INC DBA FOR OTHERS COLLE PURPOSE: GENERAL SUPPORT | $25,000 |
FIRST PRESBYTERIAN CHURCH CORINTH PURPOSE: GENERAL SUPPORT | $20,000 |
BEAUTIFUL FEATS MINISTRIES PURPOSE: GENERAL SUPPORT | $14,728 |