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Williams Mullen Foundation EIN 54-1700227 Form 990 (PDF) Claim this org

Williams Mullen Foundation

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A private foundation based in Richmond, VA. It reported about $230K in revenue for 2025. For fiscal year 2025 it reported $230K in revenue, $229K in expenses, and $275K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Richmond, VA
Website
www.williamsmullen.com
Filings
5 on file (2021–2025)
Revenue
$230KFY2025
Expenses
$229K
Net assets
$275K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-1700227 Private foundation / grantmaker Richmond, VA
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Richmond, VA. It reported about $230K in revenue for 2025.
Leadership
John L Walker III · President and Director
Money in and out
$230K revenue, $229K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$230K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$275K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $743
Total assets
275K
deployed as grants and operations
Grants paid
228K
in FY2025
Grants made
114grants
total in period
Payout rate
83%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 114 grants · $228K · 2025–2025
Virginia Beach Neptune FestivalFY2025$12,000
Richmond SPCAFY2025$5,640
Rva Hampton Roads Mega Region Collaborative DBA Rva757 ConnectsFY2025$5,000
Nextup RvaFY2025$5,000
Greater Richmond PartnershipFY2025$5,000
Metropolitan Richmond Sports BackersFY2025$4,880
Cystic Fibrosis FoundationFY2025$4,830
CaritasFY2025$4,500
Historic Richmond FoundationFY2025$4,400
The Richmond ForumFY2025$4,320
Maymont FoundationFY2025$4,108
Richmond SymphonyFY2025$4,000
Chesapeake Bay Wine Classic FoundationFY2025$4,000
Virginia Foundation for Independent CollegesFY2025$3,500
Community Housing Partners CorporationFY2025$3,500
American Heart AssociationFY2025$3,500
Richmond BalletFY2025$3,220
Townebank FoundationFY2025$3,000
See all 114 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$2K
Median grantPart XV$2K
Largest grantPart XV$12K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$230K
FY2025▲ +10%
Expenses
$229K
FY2025▲ +0.7%
Total assets
$275K
FY2025+0.3%
Total liabilities
$0
FY2025
Total revenue
$230K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$275K
Pt X · Ln 32
Total assetsPt II$275K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWilliams Mullen Foundation
EINHdr · item D54-1700227
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jwww.williamsmullen.com
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFJul 1994

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
John L Walker III
President and Director
$0Pt VII · Sec A
Calvin W Fowler JR
VP and Director
$0Pt VII · Sec A
Wyatt S Beazley IV
Treasurer and Director
$0Pt VII · Sec A
See Williams Mullen Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$230K
Total revenueLn 12$230K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00 Operating & administrative $0.00
Grants & contributions paid100%$228K
Operating & administrative$804
Total functional expensesLn 25$229K

Balance Sheet

Part X · end of year
CashLn 1$275K
Total assetsLn 16$275K
Total liabilitiesLn 26$0
Total net assetsLn 32$275K
Months of cash on handcomputed14.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $275K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $230K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $230K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $230K · Prior year $210K
+10%
Revenue CAGR
FY2020 $252K · FY2025 $230K
-2%
Net-asset trend (YoY)
End of year $275K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $230K · Expenses $229K
+0.3%
Liabilities-to-Assets
Total liabilities — · Total assets $275K
—
Net-asset ratio
Net assets $275K · Total assets $275K
100%
People & payroll
Highest Reported Total Compensation
Individual John L Walker III · Reported title President and Director · Highest reported compensation $0 · Total expenses $229K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 10%——

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.

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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$210K revenue · ⤓ 990 PDF
FY2024$200K revenue · ⤓ 990 PDF
FY2023$222K revenue · ⤓ 990 PDF
FY2022$250K revenue · ⤓ 990 PDF
FY2021$252K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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