The Wesley Family Foundation
- Assets
- $294.8k
- Revenue
- $13.2k
- Investments
- $290.6k
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 05/1988
- Data as of
- 12/2022
- EIN
- 56-1542728
Organization Overview
The Wesley Family Foundation is located in Winston Salem, NC. The organization was established in 1988. 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. Wesley 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 12/2022, Wesley Family Foundation generated $13.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $33.3k during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Robert N Wesley Jr Dir./pres. | 1 | $0 | |
Mr Robert N Wesley III Dir. | 1 | $0 | |
Mr Jordan R Wesley Dir. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $22,597 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,843 |
| Contributions, gifts, grants paid | $21,500 |
| Total expenses and disbursements | $33,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,198 |
| 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 | $290,591 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $294,789 |
| 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, The Wesley Family Foundation has awarded $21,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL COMMISSION PURPOSE: FOR JODIE &JEFF CHITWOODMINISTRY | $2,000 |
THE ANTIOCH PARTNERS PURPOSE: SUPPORT FORERIC STONEMINISTRY | $3,500 |
THE OUTREACH FOUNDATION PURPOSE: DISCRETIONARYGIFT | $9,500 |
HAITI OUTREACH MINISTRIES PURPOSE: CAPITAL FUND | $5,000 |
JORDAN MEMORIAL UMC PURPOSE: FBOREMODELING THESANCTUARY | $1,500 |