Wheless Foundation

Organization Overview

Wheless Foundation is located in Shreveport, LA. The organization was established in 1947. 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. Wheless 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 10/2022, Wheless Foundation generated $779.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $734.4k during the year ending 10/2022. While expenses have increased by 5.3% per year over the past 5 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, Wheless Foundation has awarded 281 individual grants totaling $3,619,200. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ONLY ACTIVITY OF THIS FOUNDATION IS MAKING GRANTS TO INTERNAL REVENUE CODE 501(C)(3) ORGANIZATIONS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $88,911
Dividends & Interest $177,049
Net Rental Income$0
Net Gain on Sale of Assets $418,161
Capital Gain Net Income $418,161
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $95,381
Total Revenue $779,502

Grants Awarded

Over the last fiscal year, Wheless Foundation has awarded $625,400 in support to 36 organizations.

Grant RecipientAmount

YMCA

PURPOSE: CHARITABLE

$55,200

AMERICAN RED CROSS

PURPOSE: MEDICAL

$55,000

GLEASON INITIATIVE FOUNDATION

PURPOSE: CHARITABLE

$50,200

ST MARK'S EPISCOPAL CATHEDRAL

PURPOSE: RELIGIOUS

$40,000

FOOD BANK OF NORTHWEST LOUISIANA

Org PageRecipient Profile

Shreveport, LA

PURPOSE: CHARITABLE

$35,000

CHASTAIN PARK THERAPEUTIC RIDING

PURPOSE: CHARITABLE

$30,000
View Grant Profile

Peer Organizations

Create an account to unlock the data you need.

or