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Willayne E Towe Foundation EIN 20-1796087 Form 990 (PDF) Claim this org

Willayne E Towe Foundation FY2020 filing

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A private foundation based in Knoxville, TN. It reported about $73K in revenue for 2020. For fiscal year 2020 it reported $73K in revenue, $88K in expenses, and $692K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Knoxville, TN
Filings
6 on file (2020–2020)
Revenue
$73KFY2020
Expenses
$88K
Net assets
$692K
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-1796087 Private foundation / grantmaker Knoxville, TN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Knoxville, TN. It reported about $73K in revenue for 2020.
Money in and out
$73K revenue, $88K expenses
Bottom line
—
Grants paid & assets · FY2020
Total revenue
$73K
Pt VIII · Ln 12
Total expenses
$88K
Pt IX · Ln 25
Net assets
$692K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Total assets
692K
deployed as grants and operations
Grants paid
58K
in FY2020
Grants made
15grants
total in period
Payout rate
8%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 15 grants · $108K · 2025–2025
Widowed Parent Relief ProjectTN · FY2025$10,000
Susannah's House INCTN · FY2025$10,000
Street Hope TnTN · FY2025$10,000
Restoration HouseFY2025$10,000
Knoxville Inner City Kids OutreachFY2025$10,000
Isaiah 117 HouseTN · FY2025$7,500
Hand Up for WomenTN · FY2025$7,500
Thrive MinistryFY2025$7,500
Youth with a MissionFY2025$5,000
The CrossFY2025$5,000
Punchworx INCFL · FY2025$5,000
Mane Support INCTN · FY2025$5,000
Girls Incorporated of Oak RidgeFY2025$5,000
Cedarbrook Outreach INCTN · FY2025$5,000
Family Promise of KnoxvilleTN · FY2025$5,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV9
Average grantPart XV$7K
Median grantPart XV$8K
Largest grantPart XV$10K
Top cause focusNTEEMental Health (13%)

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$73K
FY2020
Expenses
$88K
FY2020
Total assets
$692K
FY2020
Total liabilities
$0
FY2020
Total revenue
$73K
Pt VIII · Ln 12
Total expenses
$88K
Pt IX · Ln 25
Net assets
$692K
Pt X · Ln 32
Total assetsPt II$692K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWillayne E Towe Foundation
EINHdr · item D20-1796087
Principal addressHdr · item CKnoxville, TN
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFDec 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Willayne E Towe Foundation executive salaries →

Statement of Revenue

Part VIII
Other revenue$71K · 98%
Investment income$2K · 2%
Other revenue98%$71K
Investment income2%$2K
Total revenueLn 12$73K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.65 Operating & administrative $0.35
Grants & contributions paid65%$58K
Operating & administrative35%$31K
Total functional expensesLn 25$88K

Balance Sheet

Part X · end of year
CashLn 1$371K
Total assetsLn 16$692K
Total liabilitiesLn 26$0
Total net assetsLn 32$692K
Months of cash on handcomputed50.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $692K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $73K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $73K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $73K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $692K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $73K · Expenses $88K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $692K
—
Net-asset ratio
Net assets $692K · Total assets $692K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $88K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$59K revenue · ⤓ 990 PDF
FY2024$842K revenue · ⤓ 990 PDF
FY2023$78K revenue · ⤓ 990 PDF
FY2022$89K revenue · ⤓ 990 PDF
FY2021$65K revenue · ⤓ 990 PDF
FY2020$73K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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