Wiley H and James C Wheat Jr Foundation

Nonprofit profile at a glance

EIN
541647672
IRS 990-PF coverage
2016–2024
Forms available
Form 990-PF 2024
Location
Richmond, VA, USA
Phone
8047412190
Rating
58
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$5,839
Expenses
$1,070

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Wiley H and James C Wheat Jr Foundation is a nonprofit. Location: Richmond, VA. EIN 541647672.

What it reported funding in 2024

The foundation reported 2 grants totaling $750. The stated grant purpose was general operations.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.

The verdict

MIXED - The filing identifies who received its grants and a large share of spending goes to grants. A relatively small share of available resources goes to charitable grants.

Rating breakdown

  • Grant Deployment: 14
  • Cost Efficiency: 70
  • Transparency: 100
  • Compliance: 50
  • Endowment Health: 99

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 14.3%; rating input score 14; 14th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 70.1%; rating input score 70; 60th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: Limited
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 108.78; rating input score 99; 99th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 14.3% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: Filed self-dealing detail
  • Investments: 99th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Grant Deployment: Grant deployment ratio scored 14/100.