Wheeler Foundation
- Assets
- $20.0m
- Revenue
- $12.9m
- Investments
- $19.6m
- Employees
- 0
- Location
- Rankin, IL
- Founding
- 08/2003
- Data as of
- 12/2022
- EIN
- 61-1445596
Organization Overview
Wheeler Foundation is located in Rankin, IL. The organization was established in 2003. 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. Wheeler 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, Wheeler Foundation generated $12.9m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 24.7% 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.
Since 2020, Wheeler Foundation has awarded 23 individual grants totaling $979,919. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IROQUOIS SPECIAL EDUCATION ASSOCIATION
THE ARC OF IROQUOIS COUNTY
UNIVERSITY OF ILLINOIS FOUNDATION
ILLINOIS STATE UNIVERSITY FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Mctaggert Director | 1 | $0 | |
Lynn Magers Treasurer | 2 | $0 | |
Dennis Weber Director | 1 | $0 | |
Heather Lane Secretary | 2 | $0 | |
Bob Swires President | 5 | $0 | |
Sarah Wilson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $65,453 |
| Dividends & Interest | $32,502 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,951,887 |
| Capital Gain Net Income | $11,951,887 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $854,601 |
| Total Revenue | $12,904,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $390 |
| Pension plans, employee benefits | $0 |
| Interest | $3,069 |
| Taxes | $95,026 |
| Depreciation | $0 |
| Occupancy | $189 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $333,473 |
| Total operating and administrative expenses | $474,843 |
| Contributions, gifts, grants paid | $598,592 |
| Total expenses and disbursements | $1,073,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,119 |
| Savings and temporary cash investments | $0 |
| 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 | $15,005,222 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,010,920 |
| 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, Wheeler Foundation has awarded $598,592 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: CHARITABLE EDUCATION PURPOSES | $30,000 |
VERMILION ASSOCIATION FOR SPECIAL EDUCATION PURPOSE: CHARITABLE EDUCATION PURPOSES | $171,479 |
WORKSOURCE PURPOSE: CHARITABLE EDUCATION PURPOSES | $55,000 |
HOOPESTON AREA COMMUNITY SCHOOL DISTRICT #11 PURPOSE: CHARITABLE EDUCATION PURPOSES | $19,590 |
ARMSTRONG ELLIS GRADE SCHOOL PURPOSE: CHARITABLE EDUCATION PURPOSES | $2,597 |
BISMARCK HENNING ELEMENTARY SCHOOL PURPOSE: CHARITABLE EDUCATION PURPOSES | $5,210 |