Walton Foundation For Independence Inc
- Assets
- $3.4m
- Revenue
- $217.0k
- Investments
- $3.2m
- Employees
- 0
- Location
- Augusta, GA
- Founding
- 07/1999
- Data as of
- 06/2021
- EIN
- 58-2408395
Organization Overview
Walton Foundation For Independence Inc is located in Augusta, GA. The organization was established in 1999. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walton Foundation For Independence 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 06/2021, Walton Foundation For Independence Inc generated $217.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $313.1k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Walton Foundation For Independence Inc has awarded 12 individual grants totaling $119,218. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE FUND RAISING FOR AFFILIATED NONPROFIT CORPORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVES AND MANAGES FUNDS WHICH ARE ULTIMATELY USED TO BETTER SERVE THE DISABLED POPULATION THROUGH THE UNITED FUND DEVELOPMENT EFFORTS OF WALTON OPTIONS FOR INDEPENDENT LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Brigham Chairman | OfficerTrustee | 1 | $0 |
Brad Merry Vice Chairma | OfficerTrustee | 1 | $0 |
Clay Ward Past Chairma | OfficerTrustee | 1 | $0 |
Tiffany Clifford Auxilary Mem | Officer | 1 | $0 |
Cara Knollenberg Executive Di | Officer | 39 | $0 |
Devane Batchelor 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 | $46,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,858 |
| Total Program Service Revenue | $32,303 |
| Investment income | $81,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,800 |
| Net Income from Fundraising Events | $36,749 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,008 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,668 |
| 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 | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,960 |
| Fees for services: Other | $1,795 |
| 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 | $5,042 |
| Insurance | $0 |
| All other expenses | $121,871 |
| Total functional expenses | $313,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,303 |
| Savings and temporary cash investments | $81,394 |
| 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 | $0 |
| Investments—other securities | $3,191,847 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,700 |
| Total assets | $3,437,244 |
| 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 | $60,000 |
| Total liabilities | $60,000 |
| Net assets without donor restrictions | $3,377,244 |
| Net assets with donor restrictions | $0 |
| 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 | $3,437,244 |
Grants Awarded
Over the last fiscal year, Walton Foundation For Independence Inc has awarded $6,854 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Augusta, GA PURPOSE: HARISON HEIGHTS - FIRE PROTECTION SYSTEM & REFRIGERATOR | $5,854 |
Aiken, SC PURPOSE: SAFETY BOOKS FOR KIDS | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Walton Foundation For Independence Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Augusta Exchange Club Charity Fund Inc Augusta, GA PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $10,000 |
Endowment Analysis
| Beg. Balance | $1,029,662 |
| Ending Balance | $1,026,662 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Easter Seals Ucp North Carolina & Virginia Inc Raleigh, NC | $19,056,860 | $91,808,337 |
Atrium Health Foundation Charlotte, NC | $404,080,450 | $59,803,918 |
Baptist Health South Florida Foundation Inc Coral Gables, FL | $225,281,750 | $41,727,207 |
Sunsystem Development Corporation Altamonte Springs, FL | $162,692,831 | $28,088,439 |
Joe Dimaggio Childrens Hospital Foundation Inc Hollywood, FL | $82,320,929 | $14,894,521 |
Hopeway Foundation Charlotte, NC | $32,563,344 | $14,897,275 |
Randolph Cancer Center Llc Asheboro, NC | $0 | $11,508,289 |
The Healing Trust Nashville, TN | $0 | $7,303,090 |
Medical Center Foundation Inc Gainesville, GA | $39,439,884 | $6,805,753 |
Methodist Healthcare Foundation Memphis, TN | $23,965,456 | $9,348,334 |
Archbold Foundation Inc Thomasville, GA | $120,664,372 | $4,326,190 |
Avow Foundation Inc Naples, FL | $44,104,234 | $9,594,342 |