Wiseheart Foundation FY2024 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.
90¢ of each $1 spent went to programs.
$150K 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

FY2024 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
to officers and key staff · 52% of spending
Concern: pay to officers and key staff is 52% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
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
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$272K
-11% vs prior year
Spent
$286K
To programs
90%
Net assets
$196K
By yearFY2020–FY2025
Revenue
$272K
FY2024▼ -11%
Revenue by fiscal year
FY2020$3.3M
FY2021$5.3M
FY2023$307K
FY2024$272K
FY2025$349K
Expenses
$286K
FY2024▼ -97%
Expenses by fiscal year
FY2020$2.7M
FY2021$2.9M
FY2023$10.9M
FY2024$286K
FY2025$270K
Net assets
$196K
FY2024▼ -2%
Net assets by fiscal year
FY2020$7.9M
FY2021$11.7M
FY2023$200K
FY2024$196K
FY2025$282K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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

90 cents of each dollar spent went to programs.

Program services 90% · $258K Management & general 8% · $22K Fundraising 2% · $5K

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

Who runs it and what they're paid

6 people listed on the 990; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$150,000Pt VII · Sec A
President and Board Direct
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 2No
  • 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 $258K of program spending, described in the organization's own filed words · FY2023.
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.

$258Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$272K
Ln 12
Gifts and grantsLn 1h$168K
Fees for servicesLn 2g$95K
Investment incomeLn 3$10K
Money outPt IX
$286K
Ln 25
Programscol B$258K
Managementcol C$22K
Fundraisingcol D$5K
Owns and owesPt X
$196K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$196K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$168K
Fees for servicesLn 2g$95K
Investment incomeLn 3$10K
Total revenueLn 12$272K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
InvestmentsLn 11–13$189K
Land, buildings, equipmentLn 10c$265
Total assetsLn 16$196K
LiabilitiesLn 26$0
Net assetsLn 32$196K
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 FY24End FY24
Cash and savingsLn 1–2$24K$7K
InvestmentsLn 11–13$175K$189K
Land, buildings, equipmentLn 10c$452$265
Total assetsLn 16$201K$196K
LiabilitiesLn 26$868$0
Net assetsLn 32$200K$196K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Pay of current officers, directors and key staffLn 5$155K$139K$12K$3K
Other salaries and wagesLn 7$56K$51K$4K$1K
Other employee benefitsLn 9$4K$4K$324$81
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$3K$3K
Office expensesLn 13$20K$18K$2K$410
OccupancyLn 16$21K$19K$2K$422
TravelLn 17$13K$13K
Depreciation, depletion and amortizationLn 22$187$168$15$4
Total functional expensesLn 25$286K$258K$22K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $349K$270K$79K$282K 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $272,446 across 5 lines filed
VIII-1f All other contributions, gifts and grants$167,945
VIII-1h Total contributions, gifts and grants$167,945
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $94,971$94,971
VIII-3 Investment incomeExcluded from tax $9,530$9,530
VIII-12 Total revenueRelated to mission $94,971 · Unrelated business $0 · Excluded from tax $9,530$272,446
Part IX · Statement of functional expenses $285,813 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $11,500$11,500
IX-5 Pay of current officers, directors and key staffPrograms $139,072 · Management $12,362 · Fundraising $3,090$154,524
IX-7 Other salaries and wagesPrograms $50,620 · Management $4,500 · Fundraising $1,125$56,245
IX-9 Other employee benefitsPrograms $3,645 · Management $324 · Fundraising $81$4,050
IX-11c Accounting feesManagement $1,917$1,917
IX-11f Investment management feesPrograms $3,171$3,171
IX-13 Office expensesPrograms $18,438 · Management $1,639 · Fundraising $410$20,487
IX-16 OccupancyPrograms $19,001 · Management $1,689 · Fundraising $422$21,112
IX-17 TravelPrograms $12,620$12,620
IX-22 Depreciation, depletion and amortizationPrograms $168 · Management $15 · Fundraising $4$187
IX-25 Total functional expensesPrograms $258,235 · Management $22,446 · Fundraising $5,132$285,813
Part X · Balance sheet $196,482 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $24,071$7,161
X-10c Land, buildings and equipment, netStart of year $452$265
X-11 Publicly traded securitiesStart of year $175,493$189,056
X-16 Total assetsStart of year $200,884$196,482
X-26 Total liabilitiesStart of year $868$0
X-27 Net assets without donor restrictionsStart of year $200,016$196,482
X-32 Total net assets or fund balancesStart of year $200,016$196,482
X-33 Total liabilities and net assetsStart of year $200,884$196,482
Part XI · Reconciliation of net assets $196,482 net assets at year end
XI-1 Total revenue$272,446
XI-2 Total expenses$285,813
XI-3 Revenue less expenses−$13,367
XI-4 Net assets at start of year$200,016
XI-5 Net unrealized gains (losses) on investments$9,833
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$196,482

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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