Wesley Heritage Foundation EIN 56-1711235

Wesley Heritage Foundation

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Distributes Wesleyan teachings in Spanish, especially for Latin America. For fiscal year 2025 it reported $224K in revenue, $270K in expenses, and $26K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Midland, GA
Website
www.wesleyheritagefoundation.org
Filings
6 on file (2020–2025)
Revenue
$224KFY2025
Expenses
$270K
Net assets
$26K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  56-1711235 Public charity (501(c)(3)) Midland, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Distributes Wesleyan teachings in Spanish, especially for Latin America.
Leadership
Will Faircloth · President · $122K
Money in and out
$224K revenue, $270K expenses
Bottom line
39% program efficiency
Where the money goes · FY2025
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$270K
Pt IX · Ln 25
Net assets
$26K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$47K
Where spending went · Part IX cols B–D
Program services $0.39 Management & general $0.36 Fundraising $0.25
Program efficiency
39%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate▼ -82% vs prior filing year
Surplus margin
-21%
revenue over expenses, this year▼ -261% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$224K
FY2025▼ -28%
Expenses
$270K
FY2025-0.3%
Total assets
$26K
FY2025▼ -66%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$270K
Pt IX · Ln 25
Net assets
$26K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$47K
Total assetsPt X · Ln 16$26K
Program-expense ratioPt IX · col B39%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $106K of program spending, described in the organization's own filed words · FY2024.
01

Translations/Publications

We translated and published two new books in Spanish this year, with funding provided from several United Methodist and Free Methodist denominational boards and seminaries. These books have already been distributed at church conferences and events around the Americas.

$73Kprogram expense
02

Training/Teaching

We continued to provide custom training and workshops for church leaders in various denominations and countries, including the Wesleyan Church and the Global Methodist Church.

$19Kprogram expense
03

Pastoral Communication

Our network of leaders grew to include new contacts amoung Pentecostal churches in New York City and Salvation Army officials in the US and Puerto Rico. Additionally, our Spanish social media accounts have grown tremendously, both in number of followers and overall engagement.

$14Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWesley Heritage Foundation
EINHdr · item D56-1711235
Principal addressHdr · item CMidland, GA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$121,872Pt VII · Sec A
Vice President
$4,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Will Faircloth$121,872$121,872$93,543$84,096
Mark W Wethington Ph D$30,000$66,000
Will Faircloth$44,100
Mark Wethington$4,500$9,000$18,000$18,000

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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Statement of Revenue

Part VIII
Contributions & grants$222K · 99%
Program service revenue$1K · 1%
Contributions & grants99%$222K
Program service revenue1%$1K
— government grantsLn 1e$222K
Total revenueLn 12$224K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.39 Management & general $0.36 Fundraising $0.25
Program services39%$106K
Management & general36%$98K
Fundraising25%$67K
Total functional expensesLn 25$270K

Balance Sheet

Part X · end of year
CashLn 1$12K
Total assetsLn 16$26K
Total liabilitiesLn 26$0
Total net assetsLn 32$26K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12K · Operating expenses/yr $270K
0.5 months
Where the money goes
Program services
Program services $106K · Total expenses $270K
39%
Management & General
Management & general $98K · Total expenses $270K
36%
Fundraising
Fundraising $67K · Total expenses $270K
25%
Cost to raise $1
Fundraising expense (3-yr avg) $57K · Solicited contributions (3-yr avg) $68K
$0.83 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $222K · Total revenue $224K
99%
Government reliance
Government grants $222K · Total revenue $224K
99%
Earned-income share
Program service revenue $1K · Total revenue $224K
0.6%
Investment reliance
Investment income $0 · Total revenue $224K
0%
Program self-sufficiency
Program service revenue $1K · Total expenses $270K
0.5%
Growth & trend
Revenue growth (YoY)
This year $224K · Prior year $312K
-28%
Revenue CAGR
FY2019 $57K · FY2024 $224K
+32%
Net-asset trend (YoY)
End of year $26K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $224K · Expenses $270K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $26K
Net-asset ratio
Net assets $26K · Total assets $26K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $26K
0%
People & payroll
Highest Reported Total Compensation
Individual Will Faircloth · Reported title President · Highest reported compensation $122K · Total expenses $270K
45%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $191K · Total expenses $270K
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 39%
Overhead ratio 36%
Fundraising cost ratio 30%
Revenue growth -28%
Investment management fee ratio 0%
Legal fee ratio 0.3%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$75K

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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)$224K revenue · viewing · ⤓ 990 PDF
FY2024$312K revenue · ⤓ 990 PDF
FY2023$211K revenue · ⤓ 990 PDF
FY2022$187K revenue · ⤓ 990 PDF
FY2021$124K revenue · ⤓ 990 PDF
FY2020$57K 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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