Overview
What is John Houston Wear Jr Foundation?
The John Houston Wear Jr Foundation, located in Ridgeland, Mississippi, functions as a supporting organization as per Internal Revenue Code 509(A)(3). Its primary role is to provide annual financial assistance to three recognized 501(C)(3) educational organizations: Millsaps College, Reformed Theological Seminary, and the University of Mississippi Medical Center. This financial aid is utilized to grant scholarships, thereby contributing to the educational pursuits of numerous individuals.
Is John Houston Wear Jr Foundation legitimate?
John Houston Wear Jr Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. John Houston Wear Jr Foundation 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: $13,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of John Houston Wear Jr Foundation?
The John Houston Wear Jr Foundation serves as a supporting organization, classified under Internal Revenue Code 509(A)(3). Its primary role is to provide financial assistance to three recognized educational institutions: Millsaps College, Reformed Theological Seminary, and the University of Mississippi Medical Center. Annually, grants are disbursed to these organizations to offer scholarships. The foundation's mission can be summarized as being dedicated to supporting these educational organizations, thereby contributing to their overall goals and the advancement of education.
Who is the CEO of John Houston Wear Jr Foundation?
Regions Bank is the Director of John Houston Wear Jr Foundation.
What is the revenue of John Houston Wear Jr Foundation?
John Houston Wear Jr Foundation's revenue in 2022 was $47,454.
Who are the executives of John Houston Wear Jr Foundation and what are their salaries?
Here are 6 key members and their salaries:
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- Compensation: $13,703
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Where can I find the form 990 for John Houston Wear Jr Foundation?
John Houston Wear Jr Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of John Houston Wear Jr Foundation
The John Houston Wear Jr Foundation, functioning as a supporting organization as per the Internal Revenue Code 509(A)(3), dedicates its mission to backing three 501(c)(3) educational organizations. The foundation's organizational charter restricts its objectives to providing annual grants to these three organizations: Millsaps College, Reformed Theological Seminary, and the University of Mississippi Medical Center. These grants are primarily used to fund scholarships for beneficiaries within these institutions. The John Houston Wear Jr Foundation serves as a crucial financial supporter, enabling these educational organizations to expand their reach and make higher education more accessible to deserving individuals.
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Impact
October, 2024
The John Houston Wear Jr Foundation significantly impacts education and healthcare through its financial support of three key institutions: Millsaps College, Reformed Theological Seminary, and the University of Mississippi Medical Center. By providing annual grants, the foundation facilitates scholarships that enhance educational opportunities for students, helping to alleviate financial burdens and promote academic success. This support not only empowers individuals but also strengthens the communities served by these institutions, fostering a culture of learning and growth. Furthermore, by investing in the next generation of leaders and professionals, the foundation contributes to the long-term development of the educational and healthcare landscapes in Mississippi.
This information is meant to be a general summary of John Houston Wear Jr Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $47,454
- Gross Receipts: $67,828
Assets and Liabilities:
- Total Assets: $1,361,900
- Total Liabilities: $0
- Net Assets: $1,361,900
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Organization Details
Founding Year
1973
Phone
(601) 790-8153Principal Officer
Regions Bank
Main Address
1020 HIGHLAND COLONY PKWY STE 200, RIDGELAND, MS, 39157
NTEE Category
Code: T20J - Philanthropy
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