Wiseheart Foundation FY2020 filing

Tax-deductible

Memphis, TN501(c)(3)ReligionEIN 45-5085493

Wiseheart is a charitable foundation serving christian philanthropists by creating sustainable, god-honoring giving options and serving ministries and organizations with strategy resources and capital to impact the kingdom of god and other missions.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$122K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $1.5M a year · 79% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$122K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $345K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
Spent
$2.7M
To programs
98%
Net assets
$7.9M
By yearFY2020–FY2025
Revenue
$3.3M
FY2020
Revenue by fiscal year
FY2020$3.3M
FY2021$5.3M
FY2023$307K
FY2024$272K
FY2025$349K
Expenses
$2.7M
FY2020
Expenses by fiscal year
FY2020$2.7M
FY2021$2.9M
FY2023$10.9M
FY2024$286K
FY2025$270K
Net assets
$7.9M
FY2020
Net assets by fiscal year
FY2020$7.9M
FY2021$11.7M
FY2023$200K
FY2024$196K
FY2025$282K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $2.7M Management & general 2% · $43K Fundraising 0% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990; $122K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$121,715Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President and Director
$0Pt VII · Sec A

Len E Hardison’s $150K as Director is at the 97th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Len E Hardison$150,000$150,000$143,750$120,000$121,715

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Wiseheart Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects Christian philanthropists with vetted ministries, providing charities with funding, strategic resources, and capital to maximize their impact.

Provided by the organization

This section is blank until Wiseheart Foundation claims this page.

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1 program service account for $2.7M of program spending, described in the organization's own filed words · FY2019.
01

The wiseheart foundation's focus is to partner with or come alongside well operated and vetted god-honoring charities, ministry groups and other organizations to assist them with resources, strategies and funding to help them fulfill their mission or purpose.

$2.7Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$345K
Grants paid · 90 grants · $12.9M · 2020–2022
National Christian Foundation INCGA · FY2022$10,481,131
For Others Collective INCTN · FY2022$25,000
First Presbyterian ChurchMS · FY2022$20,000
Hope ChurchFY2020$501,023
Champions for LiteracyTN · FY2020$139,109
Room in the Inn - MemphisTN · FY2020$53,892
The Impact FoundationCO · FY2020$50,000
Three Rivers Endowment TrustMO · FY2020$47,849
Highpoint ChurchFY2020$45,000
The Salvation ArmyGA · FY2020$40,700
Bill Winston MinistriesIL · FY2020$40,115
French Camp AcademyMS · FY2020$33,000
See all 90 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$433K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.7M
Managementcol C$43K
Fundraisingcol D$4K
Owns and owesPt X
$7.9M
net assets · Ln 32
Cash and savingsLn 1–2$351K
Total assetsLn 16$8.0M
LiabilitiesLn 26$45K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Noncash giftsLn 1g$2.2M
Investment incomeLn 3$433K
Gains on assetsLn 7$368K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$351K
Cash and savings togetherLn 1–2$351K
InvestmentsLn 11–13$7.6M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$8.0M
LiabilitiesLn 26$45K
Net assetsLn 32$7.9M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$556K$351K
InvestmentsLn 11–13$6.5M$7.6M
Land, buildings, equipmentLn 10c$8K$3K
Total assetsLn 16$7.1M$8.0M
LiabilitiesLn 26$46K$45K
Net assetsLn 32$7.0M$7.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.3M$2.3M
Grants and assistance to foreign recipientsLn 3$282K$282K
Pay of current officers, directors and key staffLn 5$110K$99K$9K$2K
Other employee benefitsLn 9$3K$3K$227$57
Payroll taxesLn 10$10K$9K$808$202
Accounting feesLn 11c$18K$18K
Advertising and promotionLn 12$5K$4K$2K
Office expensesLn 13$9K$1K$7K$443
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$5K$5K
Other expenses (24a–d)Ln 24$1K$80$394$818
Total functional expensesLn 25$2.7M$2.7M$43K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $349K$270K$79K$282K 990 PDF
FY2024 $272K$286K−$13K$196K 990 PDF
FY2023 $307K$10.9M−$10.5M$200K 990 PDF
FY2022 Not on file
FY2021 $5.3M$2.9M$2.4M$11.7M 990 PDF
FY2020 Viewing $3.3M$2.7M$584K$7.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $3,311,794 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,878,551
VIII-1g Noncash contributions (included above)$2,164,236
VIII-1h Total contributions, gifts and grants$2,878,551
VIII-3 Investment incomeExcluded from tax $65,426$65,426
VIII-7 Net gain or loss on sales of assetsRelated to mission $367,817$367,817
VIII-12 Total revenueRelated to mission $367,817 · Unrelated business $0 · Excluded from tax $65,426$3,311,794
Part IX · Statement of functional expenses $2,727,623 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $2,282,028$2,282,028
IX-3 Grants and assistance to foreign recipientsPrograms $282,075$282,075
IX-5 Pay of current officers, directors and key staffPrograms $98,517 · Management $9,349 · Fundraising $2,189$110,055
IX-9 Other employee benefitsPrograms $2,556 · Management $227 · Fundraising $57$2,840
IX-10 Payroll taxesPrograms $9,095 · Management $808 · Fundraising $202$10,105
IX-11c Accounting feesManagement $17,858$17,858
IX-12 Advertising and promotionPrograms $3,579 · Management $1,684$5,263
IX-13 Office expensesPrograms $1,328 · Management $7,084 · Fundraising $443$8,855
IX-17 TravelPrograms $1,885$1,885
IX-22 Depreciation, depletion and amortizationManagement $5,367$5,367
IX-24 Other expenses (24a–d)Programs $80 · Management $394 · Fundraising $818$1,292
IX-25 Total functional expensesPrograms $2,681,143 · Management $42,771 · Fundraising $3,709$2,727,623
Part X · Balance sheet $7,952,831 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $556,099$351,340
X-4 Accounts receivableStart of year $21,848$22,561
X-10c Land, buildings and equipment, netStart of year $7,903$2,536
X-11 Publicly traded securitiesStart of year $6,507,711$7,576,394
X-16 Total assetsStart of year $7,093,561$7,952,831
X-17 Accounts payable and accrued expensesStart of year $45,582$22,734
X-24 Unsecured notes and loans payable$21,900
X-26 Total liabilitiesStart of year $45,582$44,634
X-27 Net assets without donor restrictionsStart of year $6,847,691$7,653,299
X-28 Net assets with donor restrictionsStart of year $200,288$254,898
X-32 Total net assets or fund balancesStart of year $7,047,979$7,908,197
X-33 Total liabilities and net assetsStart of year $7,093,561$7,952,831
Part XI · Reconciliation of net assets $7,908,197 net assets at year end
XI-1 Total revenue$3,311,794
XI-2 Total expenses$2,727,623
XI-3 Revenue less expenses$584,171
XI-4 Net assets at start of year$7,047,979
XI-5 Net unrealized gains (losses) on investments$276,047
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,908,197

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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