Form 990 for tax year 2023
Filed by MILFORD WAMPOLD SUPPORT FOUNDATION.
Totals
- Total revenue
- $761,819
- Total expenses
- $919,241
- Contributions and grants received
- $0
- Grants paid
- $882,500
- Program service revenue
- $0
- Investment income
- $132,746
- Other revenue
- $629,073
- Total assets, end of year
- $17,732,490
- Total liabilities, end of year
- $618,792
- Net assets or fund balances, end of year
- $17,113,698
- Program services expenses (Part IX)
- $889,902
- Management and general expenses
- $29,339
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $889,902
Program services were 96.8% 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.
-
3 · Investment income
total $91,541 · excluded $91,541
-
7a · Gross sales of assets other than inventory
securities $100,000
-
7b · Less cost or other basis and sales expenses
securities $58,795
-
7c · Gain or loss
securities $41,205
-
7d · Net gain or loss
total $41,205 · excluded $41,205
-
11a · Other revenue: WCB REALTY II PARTNERS
total $553,899 · excluded $553,899
-
11b · Other revenue: THEFT LOSS RECOVERY
total $26,236 · excluded $26,236
-
11c · Other revenue: ICM OPPORTUNITY FUND I
total $25,750 · excluded $25,750
-
11d · All other revenue
total $23,188 · excluded $23,188
-
11e · Other revenue, total
$629,073
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $882,500 · program services $882,500
-
11b · Fees: legal
total $3,564 · management and general $3,564
-
11c · Fees: accounting
total $12,821 · management and general $12,821
-
11f · Fees: investment management
total $12,871 · management and general $12,871
-
23 · Insurance
total $83 · management and general $83
-
24a · Other expenses: PROPERTY TAXES
total $7,402 · program services $7,402
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $13,084
-
2 · Savings and temporary cash investments
beginning of year $63,339 · end of year $0
-
4 · Accounts receivable
end of year $30,997
-
10a · Land, buildings and equipment: cost or other basis
$9,905,000
-
10c · Land, buildings and equipment, net
beginning of year $9,905,000 · end of year $9,905,000
-
11 · Investments: publicly traded securities
beginning of year $2,504,805 · end of year $2,670,760
-
12 · Investments: other securities
beginning of year $4,662,996 · end of year $5,112,649
-
17 · Accounts payable and accrued expenses
beginning of year $11,060
-
18 · Grants payable
beginning of year $34,000 · end of year $553,667
-
22 · Loans and payables to officers and key people
beginning of year $25,000 · end of year $65,125
-
25 · Other liabilities
beginning of year $19,710 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $17,046,370 · end of year $17,113,698
Mission and programs · 2023
Mission
THE MILFORD WAMPOLD SUPPORT FOUNDATION WAS ORGANIZED SPECIFICALLY FOR THE BENEFIT OF THE BATON ROUGE AREA FOUNDATION, A COMMUNITY FOUNDATION EXEMPT UNDER 501(C)(3) AND SUCH OTHER ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND [CONT'D ON SCH O] QUALIFY AS NON-PROFIT ORGANIZATIONS UNDER SECTIONS 509(A)(1) AND (2) OF THE INTERNAL REVENUE CODE.
Activities or mission (Part I)
THE PRIMARY EXEMPT PURPOSE OF THE MILFORD WAMPOLD SUPPORT FOUNDATION IS TO [CONT'D ON SCH O] PROVIDE FUNDS TO AND OPERATE FOR THE BENEFIT OF (1) THE BATON ROUGE AREA FOUNDATION, AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE, AND A NON-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 509(A)(1) OF THE CODE, BECAUSE IT IS AN ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A)(VI) OF THE CODE; AND (2) SUCH OTHER ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE, AND ARE DESCRIBED IN SECTION 509(A)(1) OR (A)(2) OF THE CODE, AND ARE ORGANIZED AND OPERATED TO SUPPORT SUCH RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL USES AND PURPOSES.
-
THE MILFORD WAMPOLD SUPPORT FOUNDATION WAS ORGANIZED SPECIFICALLY FOR THE BENEFIT OF THE BATON ROUGE AREA FOUNDATION, A COMMUNITY FOUNDATION EXEMPT UNDER 501(C)(3) AND SUCH OTHER ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND QUALIFY AS NON-PROFIT ORGANIZATIONS UNDER SECTIONS 509(A)(1) AND (2) OF THE INTERNAL REVENUE CODE.
Expenses $889,902 · Grants $882,500
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MILFORD WAMPOLD III
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
JOHN H FETZER III
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
RANDY P ROUSSEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROLFE MCCOLLISTER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER JOHN MAYER
VICE-PRESIDENT
- Total calculated
- $521,252
- From this org
- $0
- From related orgs
- $443,088
- Other
- $78,164
- Hours/week
- 1 + 5 related
Schedule J breakdown matched by us
- Base
- $0 + $379,888 related
- Bonus
- $0 + $50,000 related
- Other
- $0 + $13,200 related
- Deferred
- $0 + $37,813 related
- Nontaxable benefits
- $0 + $40,351 related
- Filer's total
- $0 + $521,252 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
-
$500,000
GENERAL SUPPORT
-
GARDERE COMMUNITY CHRISTIAN SCHOOL
$200,000
GENERAL SUPPORT
-
$100,000
GENERAL SUPPORT
-
$70,000
GENERAL SUPPORT
-
GENERAL SUPPORT
-
$3,000
GENERAL SUPPORT
-
$2,500
GENERAL SUPPORT
-
GENERAL SUPPORT
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.
-
501(C)(3) · GRANTMAKING · LA
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
INVESTMENT · LAND INVESTMENT · LA · 90% owned · share of income $5,055,913 · share of assets $663
Directly controlled by THE MILFORD WAMPOLD SUPPORT FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413559349301566
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