William D & Joyce E Sexton Family Foundation
- Assets
- $2.3m
- Revenue
- $174.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Clara City, MN
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 68-0551421
Organization Overview
William D & Joyce E Sexton Family Foundation is located in Clara City, MN. The organization was established in 2005. 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. William D & Joyce E Sexton 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, William D & Joyce E Sexton Family Foundation generated $174.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $376.1k during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 8 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 2015, William D & Joyce E Sexton Family Foundation has awarded 502 individual grants totaling $2,681,117. 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 |
|---|---|---|---|
Joyce E Sexton President | 0 | $0 | |
Bill Sexton Vice Preside | 0 | $0 | |
Kevin Noble Sec/treasure | 0 | $0 | |
Jennifer Ornburg Director | 0 | $0 | |
James Sexton Director | 0 | $0 | |
Mats Sexton Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $197 |
| Dividends & Interest | $6,819 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,608 |
| Capital Gain Net Income | $6,277 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $99,061 |
| Total Revenue | $174,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,446 |
| Depreciation | $5,477 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,291 |
| Printing and publications | $279 |
| Other expenses | $2,192 |
| Total operating and administrative expenses | $17,165 |
| Contributions, gifts, grants paid | $358,950 |
| Total expenses and disbursements | $376,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,539 |
| Savings and temporary cash investments | $8,903 |
| 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 | $2,003,053 |
| Net Land, buildings, and equipment | $34,353 |
| Other assets | $0 |
| Total assets | $2,336,306 |
| 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, William D & Joyce E Sexton Family Foundation has awarded $358,950 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE TAHOE PURPOSE: CHARITABLE ACTIVITIES | $1,000 |
ALUMNI NEWS PURPOSE: CHARITABLE PURPOSE | $2,500 |
ALZHEIMER'S DISEASE RESEARCH PURPOSE: CHARITABLE ACTIVITIES | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE ACTIVITIES | $1,500 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE ACTIVITIES | $1,000 |
AMERICAN KIDNEY FUND PURPOSE: CHARITABLE ACTIVITIES | $1,000 |