William And Mary Athletic Educational Foundation
- Assets
- $9.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 06/1956
- Data as of
- 06/2024
- EIN
- 54-6056480
Organization Overview
William And Mary Athletic Educational Foundation is located in Williamsburg, VA. The organization was established in 1956. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William And Mary Athletic Educational 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 06/2024, William And Mary Athletic Educational Foundation generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $7.5m during the year ending 06/2024. While expenses have increased by 2.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES SUPPORT FOR THE ATHLETIC DEPARTMENT OF THE COLLEGE OF WILLIAM AND MARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ALLOCATIONS TO THE ATHLETIC DEPARTMENT OF THE COLLEGE OF WILLIAM AND MARY THROUGH ALUMNI AND OTHER RELATIONSHIPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Bracken Chairman | OfficerTrustee | 6 | $0 |
Marc Elim Past Chairman | OfficerTrustee | 0.5 | $0 |
Wayne Edmunds Treasurer | OfficerTrustee | 1 | $0 |
Jonathan Tuttle Vice Chairman | OfficerTrustee | 1 | $0 |
Alex Kurland Secretary | Trustee | 1 | $0 |
Sue Gerdelman At-Large - Peninsula | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $282,911 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,694,789 |
| Noncash contributions included in lines 1a–1f | $898,073 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,977,700 |
| Total Program Service Revenue | $0 |
| Investment income | $376,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,139 |
| Net Income from Fundraising Events | $185,910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,526,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,631,057 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,566 |
| Advertising and promotion | $0 |
| Office expenses | $44,262 |
| Information technology | $23,511 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $154,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,107 |
| All other expenses | $142,343 |
| Total functional expenses | $7,512,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,537,442 |
| Pledges and grants receivable | $4,316,769 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,854,211 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,000 |
| Net assets without donor restrictions | $693,031 |
| Net assets with donor restrictions | $9,111,180 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,854,211 |