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Nonprofiteer
← WARREN & VELDA WILSON FOUNDATION

Form 990 for tax year 2024

Filed by WARREN & VELDA WILSON FOUNDATION.

Totals

Total revenue
$1,056,626
Total expenses
$805,563
Contributions and grants received
$0
Grants paid
$291,000
Program service revenue
$0
Investment income
$417,579
Other revenue
$639,047
Total assets, end of year
$27,566,261
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$27,566,261
Program services expenses (Part IX)
$350,875
Management and general expenses
$454,688
Fundraising expenses
$0
Program service expenses (Part III)
$350,875

Program services were 43.6% 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.

  • 3 · Investment income

    total $205,973 · excluded $205,973

  • 7a · Gross sales of assets other than inventory

    securities $662,710

  • 7b · Less cost or other basis and sales expenses

    securities $451,104

  • 7c · Gain or loss

    securities $211,606

  • 7d · Net gain or loss

    total $211,606 · excluded $211,606

  • 11a · Other revenue: FARM RENTAL INCOME

    total $581,225 · excluded $581,225

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $57,822 · excluded $57,822

  • 11e · Other revenue, total

    $639,047

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $291,000 · program services $291,000

  • 11c · Fees: accounting

    total $11,743 · management and general $11,743

  • 12 · Advertising and promotion

    total $2,304 · management and general $2,304

  • 17 · Travel

    total $453 · management and general $453

  • 22 · Depreciation, depletion and amortization

    total $124,301 · management and general $124,301

  • 23 · Insurance

    total $56,066 · management and general $56,066

  • 24a · Other expenses: RENTAL PROPERTY TAX

    total $125,089 · management and general $125,089

  • 24b · Other expenses: W/F TR.ACCT, INV & FARM

    total $92,798 · management and general $92,798

  • 24c · Other expenses: SCHOLARSHIP ADMINISTRAT

    total $59,875 · program services $59,875

  • 24d · Other expenses: RENT REPAIRS

    total $32,483 · management and general $32,483

  • 24e · All other expenses

    total $9,451 · management and general $9,451

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $542,416 · end of year $458,223

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

    $20,175,828

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

    $625,845

  • 10c · Land, buildings and equipment, net

    beginning of year $19,627,202 · end of year $19,549,983

  • 11 · Investments: publicly traded securities

    beginning of year $6,810,546 · end of year $7,555,616

  • 15 · Other assets

    beginning of year $3,244 · end of year $2,439

  • 27 · Net assets without donor restrictions

    beginning of year $26,983,408 · end of year $27,566,261

Mission and programs · 2024

Mission

IN CONJUCTION WITH CENTRAL COMMUNITY COLLEGE FOUNDATION. TO CARRY ON EXCLUSIVELY THE EDUCATIONAL, CHARITABLE, AND CIVIC ACTIVITIES, ESPECIALLY TO PROMOTE AND ENCOURAGE EDUCATION, CHARITABLE AND CIVIC ACTIVITIES IN THE COUNTIES OF CLAY, NUCKOLLS, THAYER, FILLMORE, YORK, HAMILTON, HALL, ADAMS, PHELPS AND WEBSTER, TO PERFORM ALL OTHER ACTS AND ENGAGE IN ALL OTHER ACTIVITIES NECESSARY, CONVENIENT OR INCIDENTAL TO THE FOREGOING.

Activities or mission (Part I)

IN CONJUCTION WITH THE CENTRAL COMMUNITY COLLEGE FOUNDATION. TO CARRY ON EXCLUSIVELY THE EDUCATIONAL, CHARITABLE, AND CIVIC ACTIVITIES, ESPECIALLY TO PROMOTE AND ENCOURAGE EDUCATION, CHARITABLE AND CIVIC ACTIVITIES IN THE COUNTIES OF CLAY, NUCKOLLS, THAYER, FILLMORE, YORK, HAMILTON, HALL, ADAMS, PHELPS AND WEBSTER, TO PERFORM ALL OTHER ACTS AND ENGAGE IN ALL OTHER ACTIVITIES NECESSARY, CONVENIENT OR INCIDENTAL TO THE FOREGOING.

  • SCHOLARSHIPS PROVIDED - THE FOUNDATION WAS ABLE TO PROVIDE $291,000 OF SCHOLARSHIPS TO STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2025.

    Expenses $350,875 · Grants $291,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Farrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jennifer Fleischer

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Lulabelle Loehr

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Scott Kummer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jay Landell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Brian Shaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202513289349300616

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