Whittington Family Foundation Inc
- Assets
- $357.4k
- Revenue
- $8.9k
- Investments
- $291.9k
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 01/2017
- Data as of
- 12/2022
- EIN
- 81-4232036
Organization Overview
Whittington Family Foundation Inc is located in Chattanooga, TN. The organization was established in 2017. 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. Whittington Family Foundation Inc 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, Whittington Family Foundation Inc generated $8.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (34.5%) each year. All expenses for the organization totaled $35.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Whittington Family Foundation Inc has awarded 83 individual grants totaling $433,750. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,981 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,899 |
| Capital Gain Net Income | $2,969 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,740 |
| Total operating and administrative expenses | $3,140 |
| Contributions, gifts, grants paid | $32,550 |
| Total expenses and disbursements | $35,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,021 |
| Savings and temporary cash investments | $10,463 |
| 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 | $291,898 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $357,382 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | -$21,254 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | -$21,254 |
Grants Awarded
Over the last fiscal year, Whittington Family Foundation Inc has awarded $32,550 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BIRMINGHAM HUMANE SOCIETY PURPOSE: DONATION | $3,000 |
BIRMINGHAM SOUTHERN COLLEGE PURPOSE: DONATION | $2,500 |
CHATTANOOGA BALLET PURPOSE: DONATION | $1,500 |
CHATTANOOGA COMMUNITY KITCHEN PURPOSE: DONATION | $250 |
FRIENDS OF BIRMINGHAM BOTANICAL PURPOSE: DONATION | $500 |
CHEROKEE AREA BOY SCOUTS PURPOSE: DONATION | $800 |