Wythe-Bland Foundation
- Assets
- $52.5m
- Revenue
- $2.5m
- Investments
- $50.5m
- Employees
- 0
- Location
- Wytheville, VA
- Founding
- 08/1992
- Data as of
- 09/2023
- EIN
- 54-1609065
Organization Overview
Wythe-Bland Foundation is located in Wytheville, VA. The organization was established in 1992. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Wythe-Bland 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 09/2023, Wythe-Bland Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wythe-Bland Foundation has awarded 110 individual grants totaling $10,663,250. 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
HEALTH AND WELFARE PROGRAMS
COMMUNITY DEVELOPMENT
EDUCATIONAL ENRICHMENT AND TUITION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hal Absher Board | 2 | $0 | |
Travis Jackson Executive Di | 40 | $190,466 | |
Lisa Alderman Board | 2 | $0 | |
Donnie Buck Board | 2 | $0 | |
Richard Dickie Copenhaver Board | 2 | $0 | |
Jerry Davis Board | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $5,280 |
| Dividends & Interest | $1,386,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $841,312 |
| Capital Gain Net Income | $841,312 |
| Net ST Capital Gain | $14,472 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $208,883 |
| Total Revenue | $2,492,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $190,466 |
| Other employee salaries and wages | $34,797 |
| Pension plans, employee benefits | $13,902 |
| Interest | $0 |
| Taxes | $47,212 |
| Depreciation | $0 |
| Occupancy | $14,400 |
| Travel, conferences, and meetings | $21,525 |
| Printing and publications | $0 |
| Other expenses | $31,709 |
| Total operating and administrative expenses | $445,634 |
| Contributions, gifts, grants paid | $2,305,847 |
| Total expenses and disbursements | $2,751,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,670 |
| 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 | $67,044 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $50,468,335 |
| Net Land, buildings, and equipment | $1,460,506 |
| Other assets | $0 |
| Total assets | $52,525,555 |
| Accounts payable and accrued expenses | $96,595 |
| Grants payable | $0 |
| Deferred revenue | $1,188,629 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,285,224 |
Grants Awarded
Over the last fiscal year, Wythe-Bland Foundation has awarded $2,305,847 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
WYTHEVILLE WOMEN'S CLUB PURPOSE: FOOD PROGRAM | $12,000 |
WCC EDUCATIONAL FOUNDATION PURPOSE: SCHOLARSHIP PROGRAM | $164,883 |
MT ROGERS DEVELOPMENT PARTNERS PURPOSE: REGIONAL TALENT | $42,500 |
FEEDING AMERICA SOUTHWEST VA PURPOSE: MOBILE FOOD PANTRY | $25,000 |
BROCK HUGHES FREE CLINIC PURPOSE: CLINCIAL SERVICES | $449,726 |
BLAND COUNTY MEDICAL CENTER PURPOSE: MEDICAL SERVICES | $12,266 |