Windward Foundation
- Assets
- $5.7m
- Revenue
- $250.9k
- Investments
- $5.4m
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 46-1233976
Organization Overview
Windward Foundation is located in Virginia Beach, VA. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Windward 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, Windward Foundation generated $250.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $507.4k during the year ending 12/2021. While expenses have increased by 12.3% 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 2016, Windward Foundation has awarded 77 individual grants totaling $2,313,827. 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 |
|---|---|---|---|
Joseph C Perry President | 0 | $0 | |
Cathryn T Perry Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $124,582 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,293 |
| Capital Gain Net Income | $126,293 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,682 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,256 |
| Total operating and administrative expenses | $73,068 |
| Contributions, gifts, grants paid | $434,333 |
| Total expenses and disbursements | $507,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,004 |
| 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 | $5,375,394 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,689,398 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Windward Foundation has awarded $434,333 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $266,000 |
YMCA OF SOUTH HAMPTON ROADS PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $50,000 |
HATTERAS MARLIN CLUB PURPOSE: GRANT PAID IN ERROR TO NON CHARITABLE ORGANIZATION. EXCISE TAX PAID ON FORM 4720 AND CORRECTED IN 2022. | $33,333 |
Manteo, NC PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $25,000 |
Newport News, VA PURPOSE: FURTHER DONEE'S CHARITABLE PURPOSE | $15,000 |
VIRGINIA BEACH BILLFISH TOURNAMENT PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |