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Wilemon Foundation INC EIN 64-0923957 Form 990 (PDF) Claim this org

Wilemon Foundation INC

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A private foundation based in Tupelo, MS. It reported about $589K in revenue for 2025. For fiscal year 2025 it reported $589K in revenue, $419K in expenses, and $7.7M in net assets.Pt I

Type
Private foundation / grantmaker · Arts & Culture
Location
Tupelo, MS
Filings
6 on file (2020–2025)
Revenue
$589KFY2025
Expenses
$419K
Net assets
$7.7M
People
2
Filings
6
Updates
0
More identity details & actions ⌄
EIN  64-0923957 Private foundation / grantmaker Tupelo, MS
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Tupelo, MS. It reported about $589K in revenue for 2025.
Leadership
Shonda W Sharpe · Director
Money in and out
$589K revenue, $419K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$589K
Pt VIII · Ln 12
Total expenses
$419K
Pt IX · Ln 25
Net assets
$7.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $169K
Total assets
7.7M
deployed as grants and operations
Grants paid
346K
in FY2025
Grants made
16grants
total in period
Payout rate
4%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 16 grants · $346K · 2025–2025
Global OutreachFY2025$75,000
Eight Days of HopeFY2025$60,000
Create FoundationFY2025$55,000
Green Valley Baptist ChurchFY2025$52,000
Hope OutdoorsFY2025$25,000
Winshape FoundationFY2025$13,800
Wildwood Baptist ChurchFY2025$12,000
Springlife MinistriesFY2025$11,200
St Jude Childrens Research HospitalFY2025$11,000
Samaritan's PurseFY2025$10,400
International Flsp Chrst & JewsFY2025$10,200
More MinistriesFY2025$5,600
Wa Criswell FoundationFY2025$1,200
Love Worth FindingFY2025$1,200
Berean Baptist ChurchFY2025$1,200
Jack Van Impe MinistriesFY2025$1,200

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$22K
Median grantPart XV$11K
Largest grantPart XV$75K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$589K
FY2025▲ +30%
Expenses
$419K
FY2025▼ -50%
Total assets
$7.7M
FY2025▲ +2%
Total liabilities
$964
FY2025▼ -71%
Total revenue
$589K
Pt VIII · Ln 12
Total expenses
$419K
Pt IX · Ln 25
Net assets
$7.7M
Pt X · Ln 32
Total assetsPt II$7.7M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWilemon Foundation INC
EINHdr · item D64-0923957
Principal addressHdr · item CTupelo, MS
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A12)
Ruling yearIRS BMFJul 2000

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
$0Pt VII · Sec A
Shea Wilemon
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income105%$617K
Total revenueLn 12$589K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.82 Operating & administrative $0.18
Grants & contributions paid82%$346K
Operating & administrative18%$73K
Total functional expensesLn 25$419K

Balance Sheet

Part X · end of year
CashLn 1$525K
Total assetsLn 16$7.7M
Total liabilitiesLn 26$964
Total net assetsLn 32$7.7M
Months of cash on handcomputed15.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $7.7M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $589K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $589K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $589K · Prior year $454K
+30%
Revenue CAGR
FY2020 $59K · FY2025 $589K
+59%
Net-asset trend (YoY)
End of year $7.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $589K · Expenses $419K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $7.7M
—
Net-asset ratio
Net assets $7.7M · Total assets $7.7M
100%
People & payroll
Highest Reported Total Compensation
Individual Shonda W Sharpe · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $419K
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 30%——

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 (Latest)$589K revenue · viewing · ⤓ 990 PDF
FY2024$454K revenue · ⤓ 990 PDF
FY2023$94K revenue · ⤓ 990 PDF
FY2022$479K revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$59K 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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