Form 990 for tax year 2023
Filed by FOUNDATION OF WESLEY WOODS INC.
Totals
- Total revenue
- $6,374,266
- Total expenses
- $8,896,592
- Contributions and grants received
- $3,730,869
- Grants paid
- $7,777,710
- Program service revenue
- $0
- Investment income
- $2,576,426
- Other revenue
- $66,971
- Total assets, end of year
- $49,093,435
- Total liabilities, end of year
- $734,129
- Net assets or fund balances, end of year
- $48,359,306
- Program services expenses (Part IX)
- $7,797,687
- Management and general expenses
- $472,362
- Fundraising expenses
- $626,543
- Program service expenses (Part III)
- $7,797,687
Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$409,876
-
1f · All other contributions, gifts and grants
$3,320,993
-
1g · Noncash contributions included above
$10,426
-
3 · Investment income
total $2,144,740 · excluded $2,144,740
-
7a · Gross sales of assets other than inventory
securities $431,686
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $431,686
-
7d · Net gain or loss
total $431,686 · excluded $431,686
-
8a · Fundraising events: gross income
$102,469
-
8a · Fundraising events: contributions included on line 1c
$409,876
-
8b · Fundraising events: direct expenses
$35,498
-
8c · Net income from fundraising events
total $66,971 · excluded $66,971
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,777,710 · program services $7,777,710
-
11a · Fees: management
total $50,000 · management and general $50,000
-
11b · Fees: legal
total $3,431 · management and general $3,431
-
11c · Fees: accounting
total $28,500 · management and general $28,500
-
11f · Fees: investment management
total $307,086 · management and general $307,086
-
11g · Fees: other
total $336,418 · program services $19,977 · management and general $73,503 · fundraising $242,938
-
12 · Advertising and promotion
total $5,920 · fundraising $5,920
-
13 · Office expenses
total $22,067 · management and general $929 · fundraising $21,138
-
19 · Conferences, conventions and meetings
total $286,759 · fundraising $286,759
-
22 · Depreciation, depletion and amortization
total $2,563 · management and general $2,563
-
23 · Insurance
total $16,174 · fundraising $16,174
-
24a · Other expenses: REPAIR & MAINTENANCE
total $46,070 · fundraising $46,070
-
24b · Other expenses: BAD DEBT EXPENSE
total $6,350 · management and general $6,350
-
24c · Other expenses: PRINTING & PUBLICATIONS
total $4,505 · fundraising $4,505
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $3,039 · fundraising $3,039
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,189,941 · end of year $4,565,875
-
3 · Pledges and grants receivable
beginning of year $57,239 · end of year $46,605
-
7 · Other notes and loans receivable
beginning of year $325,000 · end of year $325,000
-
9 · Prepaid expenses and deferred charges
beginning of year $18,101 · end of year $11,106
-
10a · Land, buildings and equipment: cost or other basis
$34,839
-
10b · Land, buildings and equipment: accumulated depreciation
$33,068
-
10c · Land, buildings and equipment, net
beginning of year $2,898 · end of year $1,771
-
11 · Investments: publicly traded securities
beginning of year $40,157,124 · end of year $43,973,709
-
15 · Other assets
beginning of year $84,761 · end of year $169,369
-
17 · Accounts payable and accrued expenses
beginning of year $35,692 · end of year $49,971
-
25 · Other liabilities
beginning of year $650,282 · end of year $684,158
-
27 · Net assets without donor restrictions
beginning of year $20,981,986 · end of year $20,781,366
-
28 · Net assets with donor restrictions
beginning of year $24,167,104 · end of year $27,577,940
Mission and programs · 2023
Mission
THE FOUNDATION OF WESLEY WOODS SERVES AS THE CONNECTION POINT BETWEEN THE GENEROSITY OF SUPPORTERS IN THE COMMUNITY AND THE LIFE-CHANGING WORK OF WESLEY WOODS AS WE CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE. WITH THE SUPPORT OF GENEROUS DONORS, OLDER ADULTS OF ALL BACKGROUNDS AND INCOME LEVELS CAN THRIVE.
Activities or mission (Part I)
CREATING COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE FOR OLDER ADULTS LIVING IN WESLEY WOODS COMMUNITIES BY RAISING VITAL FUNDING FOR THE LIFE CHANGING WORK OF WESLEY WOODS.
-
THE FOUNDATION OF WESLEY WOODS PROVIDES CHARITABLE CARE, PROGRAMMATIC AND CAPITAL GRANTS FOR ALL WESLEY WOODS SENIOR LIVING, INC. RETIREMENT COMMUNITIES. ADDITIONALLY, THE ORGANIZATION MAKES GRANTS TO FACILITIES AND PROGRAMS OWNED BY EMORY UNIVERSITY, INC. AND WESLEY WOODS CENTER OF EMORY UNIVERSITY, INC. (AFFILIATED ORGANIZATIONS) AS THEY ALIGN WITH THE FOUNDATIONS MISSION.
Expenses $7,797,687 · Grants $7,777,710
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Terry BarcroftTERRY BARCROFT
PRESIDENT & CEO
- Total calculated
- $338,649
- From this org
- $0
- From related orgs
- $315,578
- Other
- $23,071
- Hours/week
- 13 + 27 related
Schedule J breakdown matched by us
- Base
- $0 + $315,578 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $14,620 related
- Nontaxable benefits
- $0 + $8,451 related
- Filer's total
- $0 + $338,649 related
-
Lauri Ann BrooksLAURI ANN BROOKS
VPO
- Total calculated
- $238,993
- From this org
- $0
- From related orgs
- $220,288
- Other
- $18,705
- Hours/week
- 12 + 28 related
Schedule J breakdown matched by us
- Base
- $0 + $220,288 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,265 related
- Nontaxable benefits
- $0 + $8,440 related
- Filer's total
- $0 + $238,993 related
-
Diane VaughanDIANE VAUGHAN
PRESIDENT
- Total calculated
- $234,123
- From this org
- $0
- From related orgs
- $210,473
- Other
- $23,650
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $0 + $210,473 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $9,524 related
- Nontaxable benefits
- $0 + $14,126 related
- Filer's total
- $0 + $234,123 related
-
Rev Dr Bill BurchREV DR BILL BURCH
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Lisa McGahanLISA MCGAHAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jess BarronJESS BARRON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom BeverTOM BEVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan GunterSUSAN GUNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark B Chandler SrMARK B CHANDLER SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
B Thomas Cook JrB THOMAS COOK JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob CurrieBOB CURRIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ron DavisRON DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann LallyANN LALLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharon SpearsSHARON SPEARS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Boyd PettitBOYD PETTIT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob HopeBOB HOPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tom JacksonDR TOM JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phil JacobsPHIL JACOBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles Jordan JrCHARLES JORDAN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alison LebretonALISON LEBRETON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Kevin MurrielREV DR KEVIN MURRIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vicki RiedelVICKI RIEDEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ron ThigpenRON THIGPEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Will ZantREV WILL ZANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kay CrosbyDR KAY CROSBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Clarence ThrowerREV CLARENCE THROWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Derrick RhodesDERRICK RHODES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barry StoreyBARRY STOREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brandon ValasekBRANDON VALASEK
CFO & SECRETARY/TREASURER
- Total calculated
- $202,385
- From this org
- $0
- From related orgs
- $180,019
- Other
- $22,366
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $180,019 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $8,620 related
- Nontaxable benefits
- $0 + $13,746 related
- Filer's total
- $0 + $202,385 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
CHARITABLE CARE AND PROGRAM SUPPORT
-
$931,167
PROGRAMMATIC SUPPORT FOR AFFILIATED RETIREMENT COMMUNITIES
-
$541,243
CHARITABLE CARE AND WELLNESS PROGRAMMING FOR COMMUNITIES SERVING LOW-INCOME SENIORS
-
$275,272
CHARITABLE CARE FOR RESIDENTS OF A LIFECARE COMMUNITY
-
CHARITABLE CARE FOR RESIDENTS OF A LIFECARE COMMUNITY
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
WESLEY WOODS CENTER OF EMORY UNIVERSITY INC
501(C)(3) · HOSPITAL AND SENIOR SERVICES · GA
-
WESLEY WOODS SENIOR LIVING INC
501(C)(3) · CONTINUING CARE RETIREMENT CENTER · GA
-
501(C)(3) · DEVELOP & MAINTAIN RETIREMENT COTTAGES · GA
Directly controlled by WESLEY WOODS SENIOR LIVING INC
-
WESLEY WOODS OF NEWNAN-PEACHTREE CITY INC
501(C)(3) · CONTINUING CARE RETIREMENT CENTER · GA
Directly controlled by WESLEY WOODS SENIOR LIVING INC
-
501(C)(3) · CONTINUING CARE RETIREMENT CENTER · GA
Directly controlled by WESLEY WOODS SENIOR LIVING INC
-
501(C)(3) · HOME CARE SERVICES · GA
-
501(C)(3) · LOW INCOME SENIOR HOUSING · GA
Directly controlled by WESLEY WOODS SENIOR LIVING INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
WESLEY WOODS MANAGEMENT CORPORATION
C · CCRC MANAGEMENT SERVICES · GA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541969349302474
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