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Wesleyan Homes Foundation FY2023 filing

Tax-deductible

Georgetown, TX501(c)(3)Human Services EIN 90-0085021Revenue $3.3M in FY2023

On file with the IRSwesleyanhomes.org263 White Heron Dr, 78628-7272 · Georgetown, TXTax-exempt since Apr 2004Supporting organization — 509(a)(3)

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Charitable and educational purposes for supporting Wesleyan Homes, INC. And other related 501(c)(3) organizations achieve their operating and capital budget goals and needs to include benevolent funding to provide room, board and care in cases of individual and family needs.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.4M a year · 84% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
550 mo
of spending, in cash
Looks good: 550.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.8M
17% of total assets
Looks good: liabilities are 17% 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
$3.3M
+122% vs prior year
Spent
$287K
To programs
83%
Net assets
$13.3M
By yearFY2020–FY2024
Revenue
$3.3M
FY2023▲ +122%
Tap a bar for its year
Revenue by fiscal year
FY2020$741K
FY2021$1.5M
FY2022$1.5M
FY2023$3.3M
FY2024$1.5M
Expenses
$287K
FY2023▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$291K
FY2021$279K
FY2022$320K
FY2023$287K
FY2024$214K
Net assets
$13.3M
FY2023▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.4M
FY2021$9.2M
FY2022$9.6M
FY2023$13.3M
FY2024$14.4M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2004.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $239K Management & general 16% · $45K Fundraising 1% · $3K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Patty Lee
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Glenda Whitehead
Board Member
$0Pt VII · Sec A
Bethany Sisneroz
President & CEO
$0Pt VII · Sec A
Frank Woods
Chief Financial Officer
$0Pt VII · Sec A
See Wesleyan Homes 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

Provides funding and support for housing, care, and benevolent needs of individuals and families.

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Provided by the organization

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1 program · $239K · in their own filed words · FY2023
01

Support, perform the functions of, carry out the purposes of, and otherwise benefit the activities of related organizations exempt under section 501(c)(3) of the internal revenue service code to include a benevolent fund to provide room, board and care in cases of individual and family need, provide subsidy of any wesleyan homes…

$239Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $467K · 2020–2024
Wesleyan Homes INCTX · FY2024$61,626
Wesleyan Homes INCTX · FY2023$82,119
Wesleyan Homes INCTX · FY2022$111,386
Wesleyan Homes INCTX · FY2021$105,150
Wesleyan Homes INCTX · FY2020$106,504

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$293K
Other incomeLn 4–11$43K
Money outPt IX
$287K
Ln 25
Programscol B$239K
Managementcol C$45K
Fundraisingcol D$3K
Owns and owesPt X
$13.3M
net assets · Ln 32
Cash and savingsLn 1–2$13.2M
Total assetsLn 16$16.1M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$293K
Other incomeLn 4–11$43K
Gains on assetsLn 7−$276K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$303K
SavingsLn 2$12.9M
Cash and savings togetherLn 1–2$13.2M
InvestmentsLn 11–13$1.3M
Total assetsLn 16$16.1M
LiabilitiesLn 26$2.8M
Net assetsLn 32$13.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$9.7M$13.2M
InvestmentsLn 11–13$1.7M$1.3M
Total assetsLn 16$13.1M$16.1M
LiabilitiesLn 26$3.4M$2.8M
Net assetsLn 32$9.6M$13.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$82K$82K
Other salaries and wagesLn 7$40K$34K$6K$7
Other employee benefitsLn 9$2K$2K$334
Payroll taxesLn 10$4K$3K$556
Investment management feesLn 11f$57K$42K$14K$1K
Advertising and promotionLn 12$8K$6K$2K$145
Office expensesLn 13$17K$13K$4K$331
OccupancyLn 16$3K$2K$640$50
Other expenses (24a–d)Ln 24$74K$55K$18K$1K
Total functional expensesLn 25$287K$239K$45K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$214K$1.3M$14.4M 990 PDF
FY2023 Viewing $3.3M$287K$3.0M$13.3M 990 PDF
FY2022 $1.5M$320K$1.2M$9.6M 990 PDF
FY2021 $1.5M$279K$1.2M$9.2M 990 PDF
FY2020 $741K$291K$450K$8.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $3,266,932 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,889,359$2,931,132
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$407,415$293,055
I-11 Other revenuePrior year −$11,148$42,745
I-12 Total revenuePrior year $1,470,796$3,266,932
I-13 Grants and similar amounts paidPrior year $111,386$82,119
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $54,271$45,865
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $154,012$159,098
I-18 Total expensesPrior year $319,669$287,082
I-19 Revenue less expensesPrior year $1,151,127$2,979,850
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,266,932 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,931,132
VIII-1h Total contributions, gifts and grants$2,931,132
VIII-3 Investment incomeExcluded from tax $568,844$568,844
VIII-5 RoyaltiesExcluded from tax $37,245$37,245
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$275,789−$275,789
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,500$5,500
VIII-12 Total revenueRelated to mission $5,500 · Unrelated business $0 · Excluded from tax $330,300$3,266,932
Part IX · Statement of functional expenses $287,082 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $82,119$82,119
IX-7 Other salaries and wagesPrograms $33,863 · Management $6,392 · Fundraising $7$40,262
IX-9 Other employee benefitsPrograms $1,768 · Management $334$2,102
IX-10 Payroll taxesPrograms $2,945 · Management $556$3,501
IX-11f Investment management feesPrograms $42,189 · Management $13,607 · Fundraising $1,078$56,874
IX-12 Advertising and promotionPrograms $5,663 · Management $1,826 · Fundraising $145$7,634
IX-13 Office expensesPrograms $12,945 · Management $4,175 · Fundraising $331$17,451
IX-16 OccupancyPrograms $1,984 · Management $640 · Fundraising $50$2,674
IX-24 Other expenses (24a–d)Programs $55,239 · Management $17,815 · Fundraising $1,411$74,465
IX-25 Total functional expensesPrograms $238,715 · Management $45,345 · Fundraising $3,022$287,082
Part X · Balance sheet $16,061,731 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $256,058$302,563
X-2 Savings and temporary cash investmentsStart of year $9,394,553$12,863,485
X-3 Pledges and grants receivableStart of year $1,714,221$1,641,770
X-11 Publicly traded securitiesStart of year $1,685,525$1,253,913
X-16 Total assetsStart of year $13,050,357$16,061,731
X-17 Accounts payable and accrued expensesStart of year $15,669$317
X-25 Other liabilitiesStart of year $3,433,268$2,807,664
X-26 Total liabilitiesStart of year $3,448,937$2,807,981
X-27 Net assets without donor restrictionsStart of year $7,256,024$7,852,670
X-28 Net assets with donor restrictionsStart of year $2,345,396$5,401,080
X-32 Total net assets or fund balancesStart of year $9,601,420$13,253,750
X-33 Total liabilities and net assetsStart of year $13,050,357$16,061,731
Part XI · Reconciliation of net assets $13,253,750 net assets at year end
XI-1 Total revenue$3,266,932
XI-2 Total expenses$287,082
XI-3 Revenue less expenses$2,979,850
XI-4 Net assets at start of year$9,601,420
XI-5 Net unrealized gains (losses) on investments$600,958
XI-9 Other changes in net assets$71,522
XI-10 Net assets at end of year$13,253,750

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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