Willsonthropic Inc
- Assets
- $282.7k
- Revenue
- $473.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Athens, TN
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 81-4705524
Organization Overview
Willsonthropic Inc is located in Athens, TN. The organization was established in 2019. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willsonthropic 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 12/2023, Willsonthropic Inc generated $473.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.1% each year . All expenses for the organization totaled $225.9k during the year ending 12/2023. While expenses have increased by 20.1% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATES IN MINISTRY- A GROUP OF VOLUNTEERS DEDICATED TO HELPING MCMINN COUNTY HOMELESS AND LOW-INCOME FAMILIES ACHIEVE SUSTAINABLE INDEPENDENCE.
FRIENDLY CITY FESTIVALS-THE GOAL IS TO PROVIDE ECONOMIC INTERACTION BETWEEN THE ARTS AND THE COMMUNITY AND TO PROMOTE CULTURAL TOURISM. FRIENDLY CITY FESTIVALS SUPPORTS THREE FESTIVALS WHICH INCLUDE MOOFEST, SOUNDS OF SUMMER, AND PUMPKINTOWN. THES FESTIVALS BRING LOCALS AND TOURISTS TOGETHER TO ENJOY WHAT THE CITY OF ATHENS AND MCMINN COUNTY HAVE TO OFFER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Willson President | 0 | $0 | |
Mary Murphy Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $473,587 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $473,587 |
| 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 | $4,691 |
| Occupancy | $32,085 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $181,483 |
| Total operating and administrative expenses | $220,863 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $225,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,332 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $212,083 |
| Other assets | $3,800 |
| Total assets | $282,715 |
| 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, Willsonthropic Inc has awarded $14,055 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ATHENS AREA COUNCIL FOR THE ARTS PURPOSE: GENERAL PURPOSE | $3,500 |
ATHENS-MCMINN YMCA PURPOSE: GENERAL PURPOSE | $2,500 |
ST PAUL'S EPISCOPAL CHURCH PURPOSE: GENERAL PURPOSE | $3,600 |
MEIGS COUNTY CHAMBER OF COMMERCE PURPOSE: GENERAL PURPOSE | $500 |
THE ATHENS PARK FOUNDATION PURPOSE: GENERAL PURPOSE | $1,000 |
CELEBRATION OF THE NATIONS PURPOSE: GENERAL PURPOSE | $500 |