Whitehurst Family Foundation
- Assets
- $16.6m
- Revenue
- $3.5m
- Investments
- $15.5m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3533466
Organization Overview
Whitehurst Family Foundation is located in Atlanta, GA. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitehurst 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 12/2022, Whitehurst Family Foundation generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $601.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Whitehurst Co-President | 1 | $0 | |
Lauren E Whitehurst Co-President | 1 | $0 | |
Frank Waterson Treasurer | 1 | $0 | |
John N Whitehurst Vice President | 1 | $0 | |
Emma N Whitehurst Vice President | 1 | $0 | |
Zachary Grant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,464,380 |
| Interest on Savings | $13,828 |
| Dividends & Interest | $387,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$375,730 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,490,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $467 |
| Taxes | $29,266 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,981 |
| Total operating and administrative expenses | $55,848 |
| Contributions, gifts, grants paid | $545,319 |
| Total expenses and disbursements | $601,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,096,202 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $7,642 |
| 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 | $239,702 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,605,473 |
| 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, Whitehurst Family Foundation has awarded $545,319 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RICE UNIVERSITY PURPOSE: CHARITABLE PURPOSES | $100,000 |
SAVE THE CHILDREN FEDERATION PURPOSE: CHARITABLE PURPOSES | $340,000 |
STUDENT U PURPOSE: CHARITABLE PURPOSES | $5,000 |
AMHERST COLLEGE PURPOSE: CHARITABLE PURPOSES | $100,000 |
CAVU VENTURE PARTNERS IV LP PURPOSE: CHARITABLE PURPOSES | $319 |