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Wiseheart Foundation Inc

Ncf Memphis

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 455085493 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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Overview

What is Wiseheart Foundation Inc?

Wiseheart Foundation Inc is a charitable organization based in Memphis, Tennessee, serving Christian philanthropists by offering sustainable, God-honoring giving options. Their mission is to bridge the gap between donors and ministries or organizations, providing them with strategic resources and funding to fulfill their mission or purpose. Wiseheart works diligently to minimize operational costs, charging a 1% annual fee against donor-advised funds, and ensuring transparent management. The foundation aims to empower donors to make effective contributions to organizations that align with their passion, addressing their concerns about the impact and validity of their charitable giving. With a focus on God-honoring causes, Wiseheart aspires to help its donors design a giving strategy to maximize charitable gifts and contribute generously to the kingdom of God and other missions.


Official website here: www.wiseheartfoundation.org

Is Wiseheart Foundation Inc legitimate?

Wiseheart Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wiseheart Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $148,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,410

For more financial information, click here


Official website here: www.wiseheartfoundation.org

What is the mission statement of Wiseheart Foundation Inc?

The Wiseheart Foundation serves as a charitable organization, connecting Christian philanthropists with opportunities to enhance the tax advantages of a charitable foundation while maximizing their support for God-honoring ministries and other not-for-profit organizations. Their mission is to partner with well-operated charities, ministry groups, and organizations, providing them with resources, strategies, and funding to help them fulfill their mission or purpose. The foundation aims to connect donors with these ministries and organizations, empowering them in their work. The Wiseheart Foundation minimizes operational costs to maximize funding ability, ensuring transparency in management costs. They stand between donors and ministries or organizations, helping donors make more effective contributions and accomplish their philanthropic goals, providing strategic giving options for donors to trust that their contributions are effective and used faithfully.


Official website here: www.wiseheartfoundation.org

Who is the CEO of Wiseheart Foundation Inc?

Richard Vining is the President And Board Direct of Wiseheart Foundation Inc.


Official website here: www.wiseheartfoundation.org

What is the revenue of Wiseheart Foundation Inc?

Wiseheart Foundation Inc's revenue in 2023 was $306,880.


Official website here: www.wiseheartfoundation.org

Who are the executives of Wiseheart Foundation Inc and what are their salaries?

The average compensation at Wiseheart Foundation Inc during 2023 was $85,758. There are 2 employees at Wiseheart Foundation Inc.


Here are 6 key members and their salaries:


Richard Vining (President And Board Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Edwards (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Hawkins (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Winchell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Sheppard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Len E Hardison (Executive Director)
  • Compensation: $143,750
  • Related: $0
  • Other: $4,356


Official website here: www.wiseheartfoundation.org

Where can I find the form 990 for Wiseheart Foundation Inc?

Wiseheart Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.wiseheartfoundation.org

Learn more at the official website: www.wiseheartfoundation.org

Mission Statement of Wiseheart Foundation Inc

The Wiseheart Foundation, a charitable organization, serves as a bridge between Christian philanthropists and ministries or organizations, aiming to maximize their impact in the Kingdom of God. Established to connect generous donors with tax-advantageous charitable foundation options, the Wiseheart Foundation's mission is to empower these donors to support God-honoring ministries and organizations effectively. The foundation partners with well-operated and vetted charities, ministry groups, and organizations, providing them with strategic resources and funding to help them fulfill their mission or purpose.

The Wiseheart Foundation operates diligently to minimize its operational costs, ensuring that the majority of funds go towards supporting these ministries and organizations. It charges a 1% annual fee for donor-advised funds and maintains transparency in its management costs. The foundation acts as an intermediary, helping donors make more impactful contributions and achieve their philanthropic goals. Recognizing that many donors may feel unsure about the effectiveness of their charitable giving, the Wiseheart Foundation offers strategic giving options, ensuring that contributions are used faithfully and effectively. Its ultimate aim is to help donors give generously and effectively to organizations or God-honoring causes they are passionate about.

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Impact




October, 2024

Wiseheart Foundation Inc creates a significant impact by enhancing the charitable giving experience for Christian philanthropists. By providing strategic resources, funding, and support to well-operated and vetted ministries and organizations, it empowers donors to make effective contributions that fulfill their philanthropic goals while ensuring their donations are used faithfully.

With a mission to minimize operational costs, Wiseheart maximizes the funding available to these ministries, creating a seamless connection between generous donors and impactful projects. This not only alleviates donors' concerns about the efficacy of their contributions but also fosters an environment of trust and accountability. Through tailored giving strategies, Wiseheart enables donors to align their charitable efforts with their passions, thus amplifying their impact in the communities and causes they care about most.

Additionally, Wiseheart Foundation serves as a strategic partner, guiding ministries and organizations in achieving their missions more effectively. By supporting these entities with necessary resources and strategies, Wiseheart contributes to the sustainability and growth of projects that honor God and serve the broader mission of making a positive difference in the world. In essence, Wiseheart Foundation Inc is a vital bridge that enhances the charitable landscape for both donors and the ministries they support.




This information is meant to be a general summary of Wiseheart Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$306,880 (2023)
Expenses
$10,851,290 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $22,541
  • Program Service Revenue: $194,202
  • Gross Receipts: $317,297

Assets and Liabilities:

  • Total Assets: $200,884
  • Total Liabilities: $868
  • Net Assets: $200,016

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

NCF FEE SHARING

Revenue

$194,202

Organization Details

Founding Year

2012

Principal Officer

Richard Vining

Main Address

6070 POPLAR AVE SUITE 150, MEMPHIS, TN, 38119

NTEE Category

Code: X12 - Religion related

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