The Wilhoit Foundation
- Assets
- $2.7m
- Revenue
- $72.4k
- Investments
- $2.7m
- Employees
- 0
- Location
- Gilbert, AZ
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 86-1033226
Organization Overview
The Wilhoit Foundation is located in Gilbert, AZ. The organization was established in 2001. 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. Wilhoit 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, Wilhoit Foundation generated $72.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $231.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Wilhoit Foundation has awarded 84 individual grants totaling $1,198,500. 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 |
|---|---|---|---|
Katherine C Lahowetz President/director | 1 | $13,000 | |
William F Wilhoit Director | 1 | $1,000 | |
Emily Lahowetz Foldes Director | 1 | $1,000 | |
Jeffrey E Shiffra Treasurer/director | 1 | $0 | |
Stephen Foldes Director | 1 | $2,000 | |
William Lee Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,069 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,581 |
| Capital Gain Net Income | $3,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $744 |
| Total Revenue | $72,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,314 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $550 |
| Printing and publications | $0 |
| Other expenses | $6,336 |
| Total operating and administrative expenses | $42,874 |
| Contributions, gifts, grants paid | $189,000 |
| Total expenses and disbursements | $231,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,056 |
| 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 | $83,070 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,722,467 |
| 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 | $7,665 |
| Total liabilities | $7,665 |
Grants Awarded
Over the last fiscal year, The Wilhoit Foundation has awarded $189,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AID TO WOMEN CENTER PURPOSE: PROGRAM SUPPORT | $5,000 |
ARCS FOUNDATION PURPOSE: PROGRAM SUPPORT | $34,000 |
ARIZONA HELPING HANDS PURPOSE: PROGRAM SUPPORT | $5,000 |
ARIZONA HUMANE SOCIETY PURPOSE: PROGRAM SUPPORT | $5,000 |
ASU FOUNDATION PURPOSE: PROGRAM SUPPORT | $15,000 |
CATHOLIC CHARITIES PURPOSE: PROGRAM SUPPORT | $5,000 |