Harlene And Marvin Wool Foundation
- Assets
- $25.2m
- Revenue
- $1.4m
- Investments
- $24.0m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 46-4519154
Organization Overview
Harlene And Marvin Wool Foundation is located in St Louis, MO. The organization was established in 2015. 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. Harlene And Marvin Wool 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, Harlene And Marvin Wool Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.0% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Harlene And Marvin Wool Foundation has awarded 83 individual grants totaling $2,240,000. 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 |
|---|---|---|---|
Denise Wool Trustee | 0.5 | $0 | |
Sandon Wool Trustee | 0.5 | $0 | |
Amye Carrigan Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,896 |
| Interest on Savings | $1,046 |
| Dividends & Interest | $583,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $800,744 |
| Capital Gain Net Income | $800,744 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,424,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $105,927 |
| Contributions, gifts, grants paid | $1,250,000 |
| Total expenses and disbursements | $1,355,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,207,936 |
| 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 | $24,032,319 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,240,255 |
| 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, Harlene And Marvin Wool Foundation has awarded $1,250,000 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND PURPOSE: PLEASE SEE PART XV FOR THE PURPOSE OF THE CONTRIBUTIONTHE CURRENT YEAR CONTRIBUTION WAS PROVIDED TO ADMINISTER GRANTS TO QUALIFIED 501(C)(3) ORGANIZATIONS INCLUDING THOSE THAT PROVIDE EDUCATIONAL OR HEALTH RELATED SERVICES; AND ASSIST LOWER INCOME AND DISADVANTAGED ADULTS AND CHILDREN WITH HEALTH CARE OR IMPROVING THEIR ECONOMIC POSITION. | $300,000 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: PLEASE SEE PART XV FOR THE PURPOSE OF THE CONTRIBUTIONTHE CURRENT YEAR CONTRIBUTION WAS PROVIDED TO ADMINISTER GRANTS TO QUALIFIED 501(C)(3) ORGANIZATIONS INCLUDING THOSE THAT PROVIDE EDUCATIONAL OR HEALTH RELATED SERVICES; AND ASSIST LOWER INCOME AND DISADVANTAGED ADULTS AND CHILDREN WITH HEALTH CARE OR IMPROVING THEIR ECONOMIC POSITION. | $150,000 |
Saint Louis, MO PURPOSE: ADDRESSING COMMUNITY LIFESPAN NEEDS INCLUDING CLINICAL, PREVENTION, DIRECT AND SENIOR SERVICES | $55,000 |
ST LOUIS CRISIS NURSERY PURPOSE: PROVIDE TEMPORARY CARE AND SHELTER TO CHILDREN CONFRONTED WITH VARIOUS LIFE CRISES | $50,000 |
MIRIAM FOUNDATION PURPOSE: TO IMPROVE THE QUALITY OF LIFE FOR CHILDREN WITH LEARNING DIFFERENCES AND THEIR FAMILIES | $50,000 |
HOLOCAUST MUSEUM & LEARNING CENTER PURPOSE: EMPOWER VISITORS TO MAKE THE WORLD A MORE TOLERANT PLACE BY REJECTING ALL FORMS OF HATE AND RACISM | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |