Wings Foundation Inc
- Assets
- $1.2m
- Revenue
- $111.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 54-2108633
Organization Overview
Wings Foundation Inc is located in Naples, FL. The organization was established in 2003. 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. Wings Foundation Inc 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, Wings Foundation Inc generated $111.6k in total revenue. All expenses for the organization totaled $121.1k during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 6 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 2014, Wings Foundation Inc has awarded 62 individual grants totaling $431,927. 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
THE ORGANIZATION IS ENGAGED PRIMARILY IN MAKING GRANTS OF MONEY ON AN ANNUAL BASIS TO OTHER CHARITABLE ORGANIZATIONS THAT ARE CLASSIFIED BY THE IRS AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE 1986 INTERNAL REVENUE CODE.
THE ORGANIZATION IS ENGAGED PRIMARILY IN MAKING GRANTS OF MONEY ON AN ANNUAL BASIS TO OTHER CHARITABLE ORGANIZATIONS THAT ARE CLASSIFIED BY THE IRS AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE 1986 INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula J Malone President/di | 0 | $0 | |
Emily Strode Ng Director | 0 | $0 | |
Christine Malone Director | 0 | $0 | |
Stephen L Malone Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $35 |
| Dividends & Interest | $27,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,447 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $273 |
| Taxes | $2,723 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,406 |
| Printing and publications | $0 |
| Other expenses | $13,580 |
| Total operating and administrative expenses | $39,388 |
| Contributions, gifts, grants paid | $81,665 |
| Total expenses and disbursements | $121,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,328 |
| Savings and temporary cash investments | $27,867 |
| 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 | $1,173,708 |
| 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, Wings Foundation Inc has awarded $81,665 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA SOUTHWESTERN STATE COLLEGE PURPOSE: GENERAL GRANT | $18,000 |
NAPLES BOTANICAL GARDEN PURPOSE: GENERAL GRANT | $16,000 |
ADELPHI UNIVERSITY PURPOSE: GENERAL GRANT | $12,000 |
CANCER SUPPORT COMMUNITY PURPOSE: GENERAL GRANT | $20,000 |
TELLURIDE HISTORICAL MUSEUM PURPOSE: GENERAL GRANT | $5,000 |
NAMI COLLIER COUNTY PURPOSE: GENERAL GRANT | $10,000 |