Fred & Becky Wilson Foundation
- Assets
- $786.4k
- Revenue
- $26.5k
- Investments
- $755.8k
- Employees
- 0
- Location
- Fredericksburg, TX
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-2141038
Organization Overview
Fred & Becky Wilson Foundation is located in Fredericksburg, TX. The organization was established in 2016. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fred & Becky 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 12/2022, Fred & Becky Wilson Foundation generated $26.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $59.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fred & Becky Wilson Foundation has awarded 28 individual grants totaling $371,418. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH CONTRIBUTIONS TO FREDERICKSBURG CHURCH OF CHRIST, A TAX EXEMPT ORGANIZATION AS DESCRIBED IN IRC SEC 501(A), FOR GENERAL MINISTRY.
CASH CONTRIBUTION TO NETWORK FOR GOOD, A TAX EXEMPT ORGANIZATION AS DESCRIBED IN IRC SEC 501 (A), FOR ORGANIZATION TO HELP SMALL NONPROFITS CULTIVATE DONOR RELARIONSHIPS.
CASH CONTRIBUTIONS TO FREDERICKSBURG THEATER COMPANY, A TAX EXEMPT ORGANIZATION AS DESCRIBED IN IRC SEC 501 (A), FOR SCHOLARSHIPS FOR DISADVANTAGED CHILDREN TO ATTEND CLASSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred O Wilson Director | 5 | $0 | |
Rebecca S Wilson Director | 5 | $0 | |
Benjamin J Wilson Director | 5 | $0 | |
Rebecca E Wilson Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $18,102 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,377 |
| Capital Gain Net Income | $8,377 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,673 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,658 |
| Total operating and administrative expenses | $12,351 |
| Contributions, gifts, grants paid | $47,140 |
| Total expenses and disbursements | $59,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,571 |
| 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 | $786,357 |
| 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, Fred & Becky Wilson Foundation has awarded $47,140 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FREDERICKSBURG THEATER COMPANY PURPOSE: PROVIDE SCHOLARSHIPS TO ATTEND CLASSES | $10,640 |
FREDERICKSBURG CHURCH OF CHRIST PURPOSE: FOR GENERAL MINISTRY | $35,000 |
NETWORK FOR GOOD PURPOSE: GENERAL FUND | $1,500 |