Winston Family Foundation
- Assets
- $114.8m
- Revenue
- $2.3m
- Investments
- $92.6m
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 59-2678732
Organization Overview
Winston Family Foundation is located in Jacksonville, FL. The organization was established in 1987. 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. Winston 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, Winston Family Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $7.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Winston Family Foundation has awarded 133 individual grants totaling $9,031,150. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
DURING THE TAX YEAR ENDING DECEMBER 31, 2022, THE FOUNDATION ENGAGED ONLY ONE DIRECT CHARITABLE ACTIVITY COMMONLY KNOWN AS THE WINSTON FAMILY INITIATIVE IN TECHNOLOGY AND ADOLESCENT BRAIN DEVELOPMENT (WIFI), WHICH, IN COLLABORATION WITH THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, HAS ESTABLISHED THE WINSTON NATIONAL
CENTER ON TECHNOLOGY USE, BRAIN AND PSYCHOLOGICAL DEVELOPMENT, (THE CENTER). WIFI AND THE CENTER WORK TO EXAMINE THE LONG-TERM EFFECTS OF TECHNOLOGY AND SOCIAL MEDIA USE ON TEEN SOCIAL AND EMOTIONAL DEVELOPMENT AND STRIVE TO CREATE MORE TOOLS FOR PARENTS, CAREGIVERS, AND TEENS TO MAKE BETTER-INFORMED CHOICES ABOUT HOW
THEY INTERACT WITH TECHNOLOGY AND SOCIAL MEDIA. IN THAT REGARD, THE FOUNDATION MADE PAYMENTS TOTALING $300,732 IN CONNECTION WITH FUNDING WIFI AND THE CENTER, AS FOLLOWS: ----CONSULTING FEES: DR. JAMES H. WINSTON JR. ($107,700) & ESJ EDUCATION CONSULTING, LLC ($27,000)
----LEGAL FEES: FRANKLIN, WEINRIB, RUDELL AND VASSALLO, P.C ($616) ----PUBLIC RELATIONS / MARKETING: FINN PARTNERS, INC. ($120,000) & BRAND NAVIGATION, LLC ($12,000) ----PUBLIC RELATION / WEBSITE: SQUARE SPACE ($218)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James H Winston Jr Trustee | 10 | $30,000 | |
Mary M Winston Trustee | 10 | $30,000 | |
Charles Winston Trustee | 10 | $0 | |
Franklin Beard Trustee | 10 | $0 | |
Robert Wwinston Trustee | 10 | $30,000 | |
Sylia Obagi Executive Director | 40 | $162,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
James H Winston Jr Ph D | 12/30/22 | $101,700 |
Ubs Financial Services | 12/30/22 | $377,723 |
Finn Partners Inc | 12/30/22 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,071 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,507,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$211,762 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,322 |
| Total Revenue | $2,339,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $290,243 |
| Pension plans, employee benefits | $37,380 |
| Interest | $0 |
| Taxes | $130,002 |
| Depreciation | $3,416 |
| Occupancy | $49,095 |
| Travel, conferences, and meetings | $50,961 |
| Printing and publications | $1,093 |
| Other expenses | $50,161 |
| Total operating and administrative expenses | $1,593,366 |
| Contributions, gifts, grants paid | $5,756,998 |
| Total expenses and disbursements | $7,350,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49 |
| Savings and temporary cash investments | $3,122,918 |
| 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 | $8,536 |
| Other assets | $18,986,007 |
| Total assets | $114,757,462 |
| 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 | $6,874 |
| Total liabilities | $6,874 |
Grants Awarded
Over the last fiscal year, Winston Family Foundation has awarded $5,756,998 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF WAKE COUNTY PURPOSE: TO PROVIDE PROGRAM STAFFING, SUPPLIES AND MATERIALS FOR A NEW BOYS GIRLS CLUB | $20,000 |
CATHEDRAL ARTS PROJECT PURPOSE: CATHEDRAL ARTS PROJECT JANUARY | $5,000 |
CHILDREN'S HOME SOCIETY OF FLORIDA PURPOSE: ANNUAL GRANT | $5,000 |
CUMMER MUSEUM OF ART & GARDEN PURPOSE: ANNUAL GRANT | $5,000 |
CUMMER MUSEUM OF ART & GARDEN PURPOSE: PONCE DE LEON SOCIETY | $5,000 |
DUKE UNIVERSITY PURPOSE: UNRESTRICTED GRANT FOR GENERAL OPERATING SUPPORT FOR DUKES CHILDRENS FUND | $5,000 |