W A Wolfe Jr And Phyllis P Wolfe Foundation Inc
- Assets
- $3.5m
- Revenue
- $102.9k
- Investments
- $3.4m
- Employees
- 0
- Location
- Bluefield, WV
- Founding
- 01/1989
- Data as of
- 12/2022
- EIN
- 55-0684389
Organization Overview
W A Wolfe Jr And Phyllis P Wolfe Foundation Inc is located in Bluefield, WV. The organization was established in 1989. 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. W A Wolfe Jr And Phyllis P Wolfe 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, W A Wolfe Jr And Phyllis P Wolfe Foundation Inc generated $102.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.9%) each year. All expenses for the organization totaled $246.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W A Wolfe Jr And Phyllis P Wolfe Foundation Inc has awarded 370 individual grants totaling $638,400. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 5 | $27,623 | |
Frank W Wilkinson President | 3 | $0 | |
Julie Johnson Vice Preside | 1 | $0 | |
J Ronald Hypes Director | 1 | $0 | |
Amy S Havens Director | 1 | $0 | |
Katherine S Shott Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,201 |
| Capital Gain Net Income | $14,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,500 |
| Total Revenue | $102,865 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,623 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $32,489 |
| Contributions, gifts, grants paid | $214,250 |
| Total expenses and disbursements | $246,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,135 |
| 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 | $3,523,358 |
| 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, W A Wolfe Jr And Phyllis P Wolfe Foundation Inc has awarded $214,250 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAIL MEADE PURPOSE: EDUCATIONAL | $1,500 |
ADALINE NOLLEY PURPOSE: EDUCATIONAL | $1,500 |
ALEXA SAYLES PURPOSE: EDUCATIONAL | $1,000 |
ALEXIS COX PURPOSE: EDUCATIONAL | $2,500 |
ALEXANDER WHITE PURPOSE: EDUCATIONAL | $1,000 |
ALISON MEADE PURPOSE: EDUCATIONAL | $1,500 |