William Wright Family Foundation
- Assets
- $12.3m
- Revenue
- $247.9k
- Investments
- $11.1m
- Employees
- 0
- Location
- Wichita Falls, TX
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 75-2743584
Organization Overview
William Wright Family Foundation is located in Wichita Falls, TX. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Wright 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 12/2023, William Wright Family Foundation generated $247.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $634.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William Wright Family Foundation has awarded 62 individual grants totaling $5,291,000. 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 |
|---|---|---|---|
William Dan Wright President/director | 0 | $0 | |
Betty Duane Bolton Vice President/director | 0 | $0 | |
Patricia Wright Secretary/treasurer | 0 | $0 | |
Sarah Lowry Director | 0 | $0 | |
James Bolton Director | 0 | $0 | |
William Austen Wright Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,355 |
| Dividends & Interest | $364,966 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$136,465 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $247,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,191 |
| Contributions, gifts, grants paid | $625,000 |
| Total expenses and disbursements | $634,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$5 |
| Savings and temporary cash investments | $1,185,022 |
| 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 | $9,619 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,278,818 |
| 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 Wright Family Foundation has awarded $625,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ASCENSION ACADEMY PURPOSE: OPERATIONAL SUPPORT | $20,000 |
ADAPTIVE SPORTS CENTER PURPOSE: FOR CONTINUANCE OF MISSION | $50,000 |
ALZHEIMER'S DRUG DISCOVERY FOUNDATION PURPOSE: FOR CONTINUANCE OF RESEARCH | $110,000 |
BOYS & GIRLS CLUB OF VERNON INC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
DALLAS THEOLOGICAL SEMINARY PURPOSE: GENERAL EDUCATION FUND | $20,000 |
THE SALVATION ARMY OF NORTH TEXAS PURPOSE: IN MEMORY OF KELSEY WRIGHT | $60,000 |