Jessie Kenan Wise Foundation
- Assets
- $6.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- St Augustine, FL
- Founding
- 08/1986
- Data as of
- 06/2021
- EIN
- 56-6040717
Organization Overview
Jessie Kenan Wise Foundation is located in St Augustine, FL. The organization was established in 1986. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jessie Kenan Wise 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 06/2021, Jessie Kenan Wise Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $307.7k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP SUPPORT THE OPERATIONS OF FLAGLER COLLEGE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL DISTRIBUTION TO THE COLLEGE IS BASED ON AN AMOUNT COMPUTED AS A PERCENTAGE OF THE FAIR MARKET VALUE, UNDER THE TERMS OF THE ORIGINAL TRUST AGREEMENT. FUNDS ARE USED TO SUPPORT FLAGLER COLLEGE OPERATIONS AND STUDENT SCHOLARSHIPS, IN FURTHERANCE OF THE MISSION OF THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis B Pollard President | OfficerTrustee | 1 | $0 |
Brian L Wilson Vice President | OfficerTrustee | 1 | $0 |
David C Drysdale Secretary/ Treasurer | OfficerTrustee | 1 | $0 |
David L Carson Ex-Officio Treasurer | Officer | 1 | $0 |
Bradford Sauer Director | Trustee | 1 | $0 |
Randal L Ringhaver Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $157,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,119,699 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,278,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $283,061 |
| 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 | $12,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,987 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $307,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $6,499,503 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,362 |
| Total assets | $6,533,865 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $6,533,865 |
| 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 | $6,533,865 |
Endowment Analysis
| Beg. Balance | $5,472,506 |
| Earnings | $1,336,259 |
| Admin Expense | $24,632 |
| Grants | $283,061 |
| Ending Balance | $6,501,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethune-Cookman University Daytona Beach, FL | $214,110,723 | $117,726,569 |
Birmingham-Southern College Birmingham, AL | $106,162,162 | $42,694,906 |
Flagler College Inc St Augustine, FL | $205,599,935 | $73,291,832 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Faulkner University Montgomery, AL | $101,589,206 | $70,137,760 |
Oakwood University Inc Huntsville, AL | $115,223,075 | $64,178,393 |
Piedmont University Inc Demorest, GA | $159,118,905 | $56,789,955 |
Covenant College Inc Lookout Mountain, GA | $98,255,603 | $50,724,767 |
Reinhardt University Waleska, GA | $120,947,179 | $50,634,912 |
Miles College Fairfield, AL | $95,783,028 | $49,621,884 |
Florida Memorial University Inc Miami Gardens, FL | $88,071,695 | $38,959,091 |
Lagrange College Lagrange, GA | $157,918,154 | $43,354,732 |