Mike And Patty Wilson Foundation
- Assets
- $699.9k
- Revenue
- $72.9k
- Investments
- $692.6k
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1415999
Organization Overview
Mike And Patty Wilson Foundation is located in Albuquerque, NM. The organization was established in 2014. 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. Mike And Patty Wilson 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, Mike And Patty Wilson Foundation generated $72.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $145.9k during the year ending 12/2021. While expenses have increased by 9.9% 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, Mike And Patty Wilson Foundation has awarded 27 individual grants totaling $547,200. 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 FOUNDATION CONTRIBUTED TO SUNSET INTERNATIONAL BIBLE INSTITUTE
THE FOUNDATION CONTRIBUTED TO MOUNTAINSIDE CHURCH OF CHRIST
THE FOUNDATION CONTRIBUTED TO INDIA CHILDREN'S MINISTRIES
THE FOUNDATION CONTRIBUTED TO ALBUQUERQUE CHRISTIAN CHILDRENS HOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty L Wilson Director | 1 | $0 | |
Michael W Wilson Director | 1 | $0 | |
Crystal Forbes Director | 1 | $0 | |
Courtney Smith Director | 1 | $0 | |
Kelly Schmedes Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $21,381 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,527 |
| Capital Gain Net Income | $51,527 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $601 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,978 |
| Contributions, gifts, grants paid | $134,900 |
| Total expenses and disbursements | $145,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,298 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $699,923 |
| 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, Mike And Patty Wilson Foundation has awarded $134,900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Lubbock, TX PURPOSE: CONTRIBUTION FOR FELLOWSHIPS AND ASSISTANCE TO FAMILIES | $90,000 |
MOUNTAINSIDE CHURCH OF CHRIST PURPOSE: CONTRIBUTION FOR FELLOWSHIPS AND ASSISTANCE TO FAMILIES | $22,500 |
INDIA CHILDREN'S MINISTRIES PURPOSE: CONTRIBUTION FOR FELLOWSHIP | $12,400 |
Albuquerque, NM PURPOSE: CONTRIBUTION FOR ASSISTANCE TO FAMILIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
Ting Tsung And Wei Fong Chao Foundation Houston, TX | $26,401,006 | $21,447,473 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |