Winged Victory Foundation Inc
- Assets
- $460.6k
- Revenue
- $572.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- Data as of
- 12/2021
- EIN
- 85-1469407
Organization Overview
Winged Victory Foundation Inc is located in Carmel, IN. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winged Victory 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 12/2021, Winged Victory Foundation Inc generated $572.0k in total revenue. All expenses for the organization totaled $118.2k during the year ending 12/2021. While expenses have increased by 174.1% per year over the past 2 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP EDUCATIONAL PROGRAMS FOR STUDENTS THROUGH READING PROGRAMS, ESSAY CONTESTS AND DRAMATIC READING OF PLAYS THAT REFLECT OUR MISSION.
ALIGN PROGRAMS WITH LOCAL AND FEDERAL GUIDELINES TO TEACH CIVICS, INCLUDING FREEDOM OF THE PRESS, FREEDOM OF SPEECH, THE U.S. CONSTITUTION, THE ELECTION PROCESS, ETC.CREATE EDUCATIONAL PROGRAMS TO INTEGRATE READING AND WRITING TO IMPROVE LITERACY SKILLS BY PROMPTING STUDENTS TO RECOGNIZE KEY THEMES, ANALYZE COMPETING IDEAS, CITE SUPPORTING EVIDENCE AND CONNECT INDIVIDUAL RIGHTS WITH MODERN-DAY ISSUES.
PROVIDE GRANTS TO COORDINATE WITH LOCAL COMMUNITY THEATRE COMPANY TO PRODUCE PLAYS WHICH ARE IN LINE WITH OUR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Bussell Director | 1 | $0 | |
Genevieve Lagreca President | 40 | $0 | |
Darrin Gowan Director | 1 | $0 | |
David Lips Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $571,126 |
| 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 | $918 |
| Total Revenue | $572,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $60,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,590 |
| Depreciation | $0 |
| Occupancy | $3,000 |
| Travel, conferences, and meetings | $1,329 |
| Printing and publications | $1,915 |
| Other expenses | $43,940 |
| Total operating and administrative expenses | $117,328 |
| Contributions, gifts, grants paid | $900 |
| Total expenses and disbursements | $118,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,598 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $460,598 |
| 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 | $1,493 |
| Total liabilities | $1,493 |
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