Will Dendy Memorial Foundation FY2021 filing

Tax-deductible

Chattanooga, TN501(c)(3)Since 2020Recreation & SportsEIN 85-2898301Revenue $61K in FY2021

On file with the IRSPo Box 4008, 37405-0008 · Chattanooga, TNTax-exempt since Nov 2020Publicly supported — 509(a)(2)

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With the belief that a solid leader learns from a compassionate community, the Will Dendy Memorial Foundation is a fundraising campaign to help fund wrestling scholarship programs at the universty of tennseess at chattanooga and regional wrestling clubs of north georgia and southeast tennessee.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 6
filings with a surplus
Average surplus $8K a year · 21% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 18.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names 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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61K
+23% vs prior year
Spent
$35K
To programs
96%
Net assets
$54K
By yearFY2020–FY2025
Revenue
$61K
FY2021▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$61K
FY2022$63K
FY2023$57K
FY2024$900
FY2025$0
Expenses
$35K
FY2021▲ +62%
Tap a bar for its year
Expenses by fiscal year
FY2020$22K
FY2021$35K
FY2022$43K
FY2023$71K
FY2024$10K
FY2025$4K
Net assets
$54K
FY2021▲ +93%
Tap a bar for its year
Net assets by fiscal year
FY2020$28K
FY2021$54K
FY2022$75K
FY2023$61K
FY2024$53K
FY2025$49K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 Nov 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $33K Management & general 4% · $2K

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

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Will Dendy Memorial 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 15aNo

Programs and updates

Funds wrestling scholarships and regional club programs.

Provided by the organization

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2 programs · $59K · in their own filed words · FY2021
01

Fund raising expense

$29Kprogram expense
02

Fund raising expense

$29Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$61K
Ln 12
Gifts and grantsLn 1h$61K
Money outPt IX
$35K
Ln 25
Programscol B$33K
Managementcol C$2K
Owns and owesPt X
$54K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$54K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$61K
Total revenueLn 12$61K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$54K
Total assetsLn 16$54K
LiabilitiesLn 26$0
Net assetsLn 32$54K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$4K−$4K$49K 990 PDF
FY2024 $900$10K−$9K$53K 990 PDF
FY2023 $57K$71K−$13K$61K 990 PDF
FY2022 $63K$43K$20K$75K 990 PDF
FY2021 Viewing $61K$35K$26K$54K 990 PDF
FY2020 $50K$22K$28K$28K 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 FY2021 990 (1 part)
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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