Wiseheart Foundation EIN 45-5085493 Form 990 (PDF) Claim this org

Wiseheart Foundation FY2023 filing

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Connects Christian philanthropists with vetted ministries, providing charities with funding, strategic resources, and capital to maximize their impact. For fiscal year 2023 it reported $307K in revenue, $10.9M in expenses, and $200K in net assets.Pt I

Type
Religious organization · Religion
Location
Memphis, TN
Website
www.wiseheartfoundation.org
Filings
5 on file (2020–2023)
Revenue
$307KFY2023
Expenses
$10.9M
Net assets
$200K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-5085493 Religious organization Memphis, TN
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Connects Christian philanthropists with vetted ministries, providing charities with funding, strategic resources, and capital to maximize their impact.
Leadership
Len E Hardison · Executive Director · $144K
Money in and out
$307K revenue, $10.9M expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$307K
Pt VIII · Ln 12
Total expenses
$10.9M
Pt IX · Ln 25
Net assets
$200K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$10.5M
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00 Fundraising $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3436%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$307K
FY2023▼ -94%
Expenses
$10.9M
FY2023▲ +268%
Total assets
$201K
FY2023▼ -98%
Total liabilities
$868
FY2023▼ -96%
Total revenue
$307K
Pt VIII · Ln 12
Total expenses
$10.9M
Pt IX · Ln 25
Net assets
$200K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$10.5M
Total assetsPt X · Ln 16$201K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWiseheart Foundation
EINHdr · item D45-5085493
Principal addressHdr · item CMemphis, TN
WebsiteHdr · item Jwww.wiseheartfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X12)
Ruling yearIRS BMFFeb 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$143,750Pt VII · Sec A
President and Board Direct
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Len E Hardison’s $150K as Director is at the 97th percentile of top reported officer pay among 2136 $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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $10.8M of program spending, described in the organization's own filed words · FY2022.
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.

$10.8Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$194K · 63%
Contributions & grants$97K · 32%
Investment income$23K · 7%
Program service revenue63%$194K
Contributions & grants32%$97K
Investment income7%$23K
Total revenueLn 12$307K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00 Fundraising $0.00
Program services100%$10.8M
Management & general$41K
Fundraising$5K
Total functional expensesLn 25$10.9M

Balance Sheet

Part X · end of year
CashLn 1$24K
Total assetsLn 16$201K
Total liabilitiesLn 26$868
Total net assetsLn 32$200K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $200K · Operating expenses/yr $10.9M
0.2 months
Where the money goes
Program services
Program services $10.8M · Total expenses $10.9M
100%
Management & General
Management & general $41K · Total expenses $10.9M
0.4%
Fundraising
Fundraising $5K · Total expenses $10.9M
0.05%
Cost to raise $1
Fundraising expense (2-yr avg) $4K · Solicited contributions (2-yr avg) $2.1M
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $97K · Total revenue $307K
32%
Government reliance
Government grants — · Total revenue $307K
Earned-income share
Program service revenue $194K · Total revenue $307K
63%
Investment reliance
Investment income $23K · Total revenue $307K
+7%
Program self-sufficiency
Program service revenue $194K · Total expenses $10.9M
2%
Growth & trend
Revenue growth (YoY)
This year $307K · Prior year $5.3M
-94%
Net-asset trend (YoY)
End of year $200K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $307K · Expenses $10.9M
-3436%
Liabilities-to-Assets
Total liabilities — · Total assets $201K
Net-asset ratio
Net assets $200K · Total assets $201K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $175K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $201K
87%
People & payroll
Highest Reported Total Compensation
Individual Len E Hardison · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $144K · Total expenses $10.9M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $219K · Total expenses $10.9M
2%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.4%
Fundraising cost ratio 5%
Revenue growth -94%
Investment management fee ratio 4%
Accounting fee ratio 0.2%

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.

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 →

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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)$349K revenue · ⤓ 990 PDF
FY2024$272K revenue · ⤓ 990 PDF
FY2023$307K revenue · viewing · ⤓ 990 PDF
FY2022not on file
FY2021$5.3M revenue · ⤓ 990 PDF
FY2020$3.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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