Wilson Research Foundation
- Assets
- $8.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 12/2014
- Data as of
- 06/2023
- EIN
- 64-0752440
Organization Overview
Wilson Research Foundation is located in Jackson, MS. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Wilson Research 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 06/2023, Wilson Research Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $897.7k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WILSON RESEARCH FOUNDATION SUPPORTS THE MISSION OF MISSISSIPPI METHODIST REHABILITATION CENTER, PROVIDING FUNDING FOR RESEARCH AND EDUCATION ACTIVITIES, AND TECHNOLOGY, RELATED TO RECOVERY OF FUNCTION FROM DISABLING ILLNESSES AND INJURIES, INCLUDING STROKE, BRAIN INJURY, SPINAL CORD INJURY AND LOSS OF LIMB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILSON RESEARCH FOUNDATION IS THE PRIMARY SUPPORT FOR METHODIST REHABILITATION CENTER'S CLINICAL RESEARCH AND EDUCATION PROGRAM "CENTER FOR NEUROSCIENCE AND NEUROLOGICAL RECOVERY". THE END-GOAL IS TO ACHIEVE BETTER OUTCOMES FOR PATIENTS, TO DETERMINE WHAT STRATEGIES WORK BEST, IN WHOM AND WHY, FOR RECOVERY TO EACH PATIENT'S POTENTIAL. OVER THE YEARS, THE FOUNDATION HAS GRANTED MORE THAN $10.5 MILLION IN GRANTS TO SUPPORT CLINICAL (HUMAN) RESEARCH AND PROVIDE THERAPISTS EDUCATION/TRAINING IN THE USE OF INNOVATIVE TECHNOLOGIES. THE RESEARCH PROGRAM HAS 4,500 FEET OF DEDICATED SPACE AT METHODIST, INCLUDING A STATE-OF-THE-ART NEURO ROBOTICS LAB, MOTION ANALYSIS LAB AND VARIOUS THERAPY SYSTEMS ON THE PATIENT FLOORS THAT SERVE DUAL ROLES AS RESEARCH AND THERAPY TOOLS. THIS WORK HAS RESULTED IN OVER 330 PUBLICATIONS IN MEDICAL JOURNALS AND PRESENTATIONS AT MANY CONFERENCES. A MAJOR CONTRIBUTION OF OUR RESEARCH INVOLVES DEVELOPING MORE EFFECTIVE WAYS TO CONTROL MUSCLE SPASTICITY, A COMMON, DEBILITATING COMPLICATION OF SERIOUS STROKE, TRAUMATIC BRAIN INJURY OR SPINAL CORD INJURY. THE RESEARCH PROGRAM ELEVATES CARE AND OUTCOMES AT METHODIST REHABILITATION CENTER. PROVIDED A GRANT TO METHODIST REHABILITATION CENTER FOR ITS' CLINICAL RESEARCH PROGRAM, WHICH ALSO PROVIDES EDUCATION AND TECHNOLOGY TRANSFER INTO CLINICAL PRACTICE, AS IT PERTAINS TO RECOVERY FROM DISABLING ILLNESSES AND INJURIES, SUCH AS STROKE, BRAIN INJURY, SPINAL CORD INJURY AND LOSS OF LIMB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cy Rosenblatt Board Member | Trustee | 0.3 | $0 |
Dr Marion Wofford Vice-Chairman | Trustee | 1 | $0 |
Dr Robert Smith Board Member | Trustee | 0.3 | $0 |
Gene Delcomyn Treasurer | Trustee | 1 | $0 |
John D Robinson Secretary | Trustee | 1 | $0 |
Katy Houston Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $134,901 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,418,876 |
| Noncash contributions included in lines 1a–1f | $19,351 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,553,777 |
| Total Program Service Revenue | $0 |
| Investment income | $156,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,030 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,699,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $712,516 |
| 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 | $90,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,462 |
| Payroll taxes | $5,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $158 |
| Office expenses | $6,311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,918 |
| Travel | $1,379 |
| 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 | $6,665 |
| All other expenses | $1,202 |
| Total functional expenses | $897,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,012,208 |
| Savings and temporary cash investments | $137,619 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $645,544 |
| 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 | $10,672 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,420,830 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,830 |
| Total assets | $8,405,703 |
| Accounts payable and accrued expenses | $403,751 |
| 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 | $403,751 |
| Net assets without donor restrictions | $7,145,648 |
| Net assets with donor restrictions | $856,304 |
| 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 | $8,405,703 |