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← WISEHEART FOUNDATION

Form 990 for tax year 2022

Filed by WISEHEART FOUNDATION.

Totals

Total revenue
$306,880
Total expenses
$10,851,290
Contributions and grants received
$96,688
Grants paid
$10,564,145
Program service revenue
$194,202
Investment income
$22,541
Other revenue
-$6,551
Total assets, end of year
$200,884
Total liabilities, end of year
$868
Net assets or fund balances, end of year
$200,016
Program services expenses (Part IX)
$10,805,794
Management and general expenses
$40,539
Fundraising expenses
$4,957
Program service expenses (Part III)
$10,805,794

Program services were 99.6% 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.

  • 1f · All other contributions, gifts and grants

    $96,688

  • 2a · Program service revenue: NCF FEE SHARING

    total $194,202 · related or exempt $194,202

  • 3 · Investment income

    total $22,541 · excluded $22,541

  • 6a · Gross rents

    real property $3,866

  • 6b · Less rental expenses

    real property $10,417

  • 6c · Rental income or loss

    real property -$6,551

  • 6d · Net rental income or loss

    total -$6,551 · excluded -$6,551

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,564,145 · program services $10,564,145

  • 5 · Compensation of officers, directors and key employees

    total $148,106 · program services $133,295 · management and general $11,849 · fundraising $2,962

  • 7 · Other salaries and wages

    total $23,410 · program services $21,069 · management and general $1,873 · fundraising $468

  • 9 · Other employee benefits

    total $3,828 · program services $3,445 · management and general $306 · fundraising $77

  • 10 · Payroll taxes

    total $43,455 · program services $39,110 · management and general $3,476 · fundraising $869

  • 11c · Fees: accounting

    total $25,946 · program services $5,233 · management and general $20,713

  • 11f · Fees: investment management

    total $8,090 · program services $8,090

  • 13 · Office expenses

    total $4,614 · program services $3,111 · management and general $1,202 · fundraising $301

  • 17 · Travel

    total $12,014 · program services $12,014

  • 22 · Depreciation, depletion and amortization

    total $187 · program services $168 · management and general $15 · fundraising $4

  • 24a · Other expenses: SUPPLIES AND OTHER

    total $17,495 · program services $16,114 · management and general $1,105 · fundraising $276

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,242,313 · end of year $24,071

  • 4 · Accounts receivable

    end of year $868

  • 10a · Land, buildings and equipment: cost or other basis

    $29,664

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,212

  • 10c · Land, buildings and equipment, net

    beginning of year $639 · end of year $452

  • 11 · Investments: publicly traded securities

    beginning of year $9,500,915 · end of year $175,493

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,341 · end of year $868

  • 27 · Net assets without donor restrictions

    beginning of year $10,740,526 · end of year $200,016

Mission and programs · 2022

Mission

WISEHEART FOUNDATION WAS FORMED TO CONNECT PHILANTHROPIC CHRISTIAN DONORS WITH AN AVENUE TO ENHANCE THE TAX ADVANTAGES OF A CHARITABLE FOUNDATION, WHILE GROWING AND EMPOWERING THE DONOR'S ABILITY TO SUPPORT GOD HONORING MINISTRIES AND OTHER NOT-FOR-PROFIT ORGANIZATIONS IN A WAY TO MAXIMIZE THE GREATEST IMPACT.

Activities or mission (Part I)

WISEHEART IS A CHARITABLE FOUNDATION SERVING CHRISTIAN PHILANTHROPISTS BY CREATING SUSTAINABLE, GOD-HONORING GIVING OPTIONS AND SERVING MINISTRIES AND ORGANIZATIONS WITH STRATEGY RESOURCES AND CAPITAL TO IMPACT THE KINGDOM OF GOD AND OTHER MISSIONS.

  • THE WISEHEART FOUNDATION'S FOCUS IS TO PARTNER WITH OR COME ALONGSIDE WELL OPERATED AND VETTED GOD-HONORING CHARITIES, MINISTRY GROUPS AND OTHER ORGANIZATIONS TO ASSIST THEM WITH RESOURCES, STRATEGIES AND FUNDING TO HELP THEM FULFILL THEIR MISSION OR PURPOSE. WE WORK DILIGENTLY TO CONNECT OUR DONORS WITH THESE MINISTRIES AND/OR OTHER ORGANIZATIONS AND HELP THEM BE EMPOWERED IN THEIR WORK. WISEHEART WORKS CONTINUALLY TO MINIMIZE THE OPERATIONAL COSTS OF THE FOUNDATION TO MAXIMIZE THE FUNDING ABILITY IN SUPPORT OF THESE CHARITIES. FUNDING OF OPERATIONS COMES FROM A 1% ANNUAL FEE CHARGED AGAINST ALL DONOR ADVISED FUNDS. OVERSIGHT AND APPROVAL OF ALL FUND CHARGES AS WELL AS GRANTS GIVEN IS UNDER THE GUIDELINES ESTABLISHED FOR SUCH PURPOSES AND APPROVED BY THE BOARD OF DIRECTORS. MANAGEMENT COSTS ARE KEPT TO A MINIMUM TO MAXIMIZE THE ABILITY OF OUR DONORS TO GIVE TO EFFECTIVE MINISTRY CAUSES AND ARE ALWAYS TRANSPARENT. WISEHEART STANDS IN THE GAP BETWEEN DONORS AND MINISTRIES OR ORGANIZATIONS TO HELP DONORS MAKE MORE EFFECTIVE CONTRIBUTIONS AND ACCOMPLISH THEIR PHILANTHROPIC GOALS.WE UNDERSTAND THAT MANY DONORS ARE NOT SATISFIED WITH THEIR CHARITABLE GIVING AND FEEL UNSURE WHETHER OR NOT THEIR DONATION IS MAKING A DIFFERENCE. WE UNDERSTAND THAT IT IS DIFFICULT FOR MANY TO KNOW IF A PARTICULAR MINISTRY IS DOING VALID WORK. WISEHEART EXISTS TO PROVIDE DONORS WITH STRATEGIC GIVING OPTIONS TO TRUST THAT THEIR CONTRIBUTIONS ARE EFFECTIVE AND USED FAITHFULLY. WISEHEART ASPIRES TO HELP THE DONOR GIVE GENEROUSLY AND EFFECTIVELY TO AN ORGANIZATION OR GOD-HONORING CAUSE FOR WHICH THEY HAVE A PASSION. WE WANT TO HELP OUR DONORS: *DESIGN A GIVING STRATEGY TO MAXIMIZE CHARITABLE GIFTS ALIGNED WITH THEIR PASSION

    Expenses $10,805,794 · Grants $10,564,145 · Revenue $194,202

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Vining

    PRESIDENT AND BOARD DIRECT

    Total calculated
    $0
    Hours/week
    1

  • Tom Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bryan Hawkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Winchell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katie Sheppard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Len E Hardison

    EXECUTIVE DIRECTOR

    Total calculated
    $148,106
    From this org
    $143,750
    From related orgs
    $0
    Other
    $4,356
    Hours/week
    40

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.

Grants on this return

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • NATIONAL CHRISTIAN FOUNDATION

    $10,941,075

    Disposition · CASH AND MARKETABLE SECURITIES · Dec 31, 2022 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2022
Filed
5 December 2023
IRS schema version
2022v5.0
Source object
202343429349300009

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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