Wise Fam Foundation
- Assets
- $4.8m
- Revenue
- $370.7k
- Investments
- $209.3k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 12/2001
- Data as of
- 12/2020
- EIN
- 65-6374303
Organization Overview
Wise Fam Foundation is located in Naples, FL. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Wise Fam 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 12/2020, Wise Fam Foundation generated $370.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $271.6k during the year ending 12/2020. While expenses have increased by 13.9% 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 2018, Wise Fam Foundation has awarded 43 individual grants totaling $732,020. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Murray R Wise Pres & Chairman | 1 | $0 | |
Valerie G Wise VP & Director | 0 | $0 | |
Melissa Steed Director | 0 | $0 | |
John B Kirkpatrick Director | 0 | $0 | |
Jason Wise Director | 0 | $0 | |
Alex Anderson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $738 |
| Net Rental Income | $25,370 |
| Net Gain on Sale of Assets | $34,941 |
| Capital Gain Net Income | $34,941 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $88,571 |
| Total Revenue | $370,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$5,665 |
| Depreciation | $24,730 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75,231 |
| Total operating and administrative expenses | $101,842 |
| Contributions, gifts, grants paid | $169,755 |
| Total expenses and disbursements | $271,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,835 |
| Savings and temporary cash investments | $772,261 |
| 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 | $3,338,649 |
| Investments—mortgage loans | $76,245 |
| Investments—other | $133,078 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $475,756 |
| Total assets | $4,825,824 |
| 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 | $1,010,398 |
| Other liabilities | $0 |
| Total liabilities | $1,010,398 |
Grants Awarded
Over the last fiscal year, Wise Fam Foundation has awarded $339,510 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
IOWA STATE UNIVERSITY PURPOSE: TO FUND SCHOLARSHIPS FOR STUDENTS SELECTED BY UNIVERSITY,CAMPUS RENOVATIONS, FOOTBALL TEAM SUPPORT, BUILDING FUND, ETC. | $150,000 |
IOWA STATE UNIVERSITY PURPOSE: TO FUND SCHOLARSHIPS FOR STUDENTS SELECTED BY UNIVERSITY,CAMPUS RENOVATIONS, FOOTBALL TEAM SUPPORT, BUILDING FUND, ETC. | $150,000 |
Champaign, IL PURPOSE: TO FUND SCHOLARSHIPS FOR COLLEGE STUDENTS | $14,755 |
Champaign, IL PURPOSE: TO FUND SCHOLARSHIPS FOR COLLEGE STUDENTS | $14,755 |
ROBERT LOCKE SCHOLARSHIP NO IA COMM PURPOSE: FUND SCHOLARSHIPS FOR STUDENTS SELECTED BY UNIVERSITY. | $4,000 |
ROBERT LOCKE SCHOLARSHIP NO IA COMM PURPOSE: FUND SCHOLARSHIPS FOR STUDENTS SELECTED BY UNIVERSITY. | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |