Wilbur And Hilda Glenn Family Foundaition
- Assets
- $92.9m
- Revenue
- $4.9m
- Investments
- $86.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 58-6328896
Organization Overview
Wilbur And Hilda Glenn Family Foundaition is located in Atlanta, GA. The organization was established in 1996. 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. Wilbur And Hilda Glenn Family Foundaition 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 12/2023, Wilbur And Hilda Glenn Family Foundaition generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $6.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas K Glenn II Trustee | 8 | $0 | |
Louise Glenn Trustee | 8 | $0 | |
Louisa Glenn D'antignac Trustee | 8 | $0 | |
Rand G Hagen Trustee | 8 | $0 | |
Suzanna Stribling Exec. Director | 40 | $207,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acadia Management Llc | 12/30/23 | $190,261 |
Asset Consulting Group | 12/30/23 | $198,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $157,316 |
| Dividends & Interest | $1,523,895 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,548,534 |
| Capital Gain Net Income | $1,638,480 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$297,079 |
| Total Revenue | $4,932,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $207,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $61,280 |
| Interest | $0 |
| Taxes | $73,551 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,413 |
| Printing and publications | $0 |
| Other expenses | $15,574 |
| Total operating and administrative expenses | $801,491 |
| Contributions, gifts, grants paid | $5,549,000 |
| Total expenses and disbursements | $6,350,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,646 |
| Savings and temporary cash investments | $6,179,816 |
| 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 | $44,514,511 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $92,945,397 |
| 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 |