Wright Family Foundation
- Assets
- $555.4k
- Revenue
- $120.1k
- Investments
- $489.4k
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-2181552
Organization Overview
Wright Family Foundation is located in Little Rock, AR. 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. Wright Family 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 12/2023, Wright Family Foundation generated $120.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $50.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wright Family Foundation has awarded 28 individual grants totaling $140,300. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO NEEDY CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Wright President | 0 | $0 | |
Valerie Wright Secretary/tresurer | 0 | $0 | |
Thomas Wright Jr Director | 0 | $0 | |
Jon C Wright Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $3,248 |
| Dividends & Interest | $16,842 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,090 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $186 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,609 |
| Contributions, gifts, grants paid | $49,300 |
| Total expenses and disbursements | $50,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,963 |
| 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 | $555,376 |
| 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, Wright Family Foundation has awarded $49,300 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR DEPUTY BASEBALL PURPOSE: CHILDRENS SPORTS | $600 |
ARKANSAS MUSEUM OF FINE ARTS PURPOSE: BUILDING FUND | $10,000 |
MUSIC ACADEMY PURPOSE: MUSIC LESSONSFOR CHILDREN | $1,000 |
ARCARE- FAMILY HEALTH FOUND PURPOSE: TRANSPORTATIONFOR PATIENTSRURAL ARKANSAS | $5,000 |
WREATHS ACROSS AMERICA PURPOSE: RECOGNITION OFFALLEN VETERANS | $1,700 |
ARKANSAS GAME & FISH FOUNDATION PURPOSE: PROMOTESWILDLIFE CONSERVATION | $1,000 |