WISEHEART FOUNDATION INC

EIN: 455085493 501(c)(3) Religion

MEMPHIS, TN

Total Revenue
$349,084
Total Expenses
$269,793
Total Assets
$281,657
Net Assets
$281,657
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TN
Principal Officer
RICHARD VINING
Phone
9014103633
Tax Period
2024-07-01 to 2025-06-30

WISEHEART FOUNDATION INC, founded in 2012, is a small nonprofit in the Religion sector that reported $349K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $79K, a strong 23% operating margin.

Mission

WISEHEART FOUNDATION WAS FORMED TO CONNECT PHILANTHROPIC CHRISTIAN DONORS WITH AN AVENUE TO ENHANCE THE TAX ADVANTAGES OF A CHARITABLE FOUNDATION, WHILE GROWING AND EMPOWERING THE DONOR'S ABILITY TO SUPPORT GOD HONORING MINISTRIES AND OTHER NOT-FOR-PROFIT ORGANIZATIONS IN A WAY TO MAXIMIZE THE GREATEST IMPACT.

Program Service Accomplishments

Program 1
Expenses: $242,409 Revenue: $111,800

THE WISEHEART FOUNDATION'S FOCUS IS TO PARTNER WITH OR COME ALONGSIDE WELL OPERATED AND VETTED GOD-HONORING CHARITIES, MINISTRY GROUPS AND OTHER ORGANIZATIONS TO ASSIST THEM WITH RESOURCES...

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THE WISEHEART FOUNDATION'S FOCUS IS TO PARTNER WITH OR COME ALONGSIDE WELL OPERATED AND VETTED GOD-HONORING CHARITIES, MINISTRY GROUPS AND OTHER ORGANIZATIONS TO ASSIST THEM WITH RESOURCES, STRATEGIES AND FUNDING TO HELP THEM FULFILL THEIR MISSION OR PURPOSE. WE WORK DILIGENTLY TO CONNECT OUR DONORS WITH THESE MINISTRIES AND/OR OTHER ORGANIZATIONS AND HELP THEM BE EMPOWERED IN THEIR WORK. WISEHEART WORKS CONTINUALLY TO MINIMIZE THE OPERATIONAL COSTS OF THE FOUNDATION TO MAXIMIZE THE FUNDING ABILITY IN SUPPORT OF THESE CHARITIES. FUNDING OF OPERATIONS COMES FROM A 1% ANNUAL FEE CHARGED AGAINST ALL DONOR ADVISED FUNDS. OVERSIGHT AND APPROVAL OF ALL FUND CHARGES AS WELL AS GRANTS GIVEN IS UNDER THE GUIDELINES ESTABLISHED FOR SUCH PURPOSES AND APPROVED BY THE BOARD OF DIRECTORS. MANAGEMENT COSTS ARE KEPT TO A MINIMUM TO MAXIMIZE THE ABILITY OF OUR DONORS TO GIVE TO EFFECTIVE MINISTRY CAUSES AND ARE ALWAYS TRANSPARENT. WISEHEART STANDS IN THE GAP BETWEEN DONORS AND MINISTRIES OR ORGANIZATIONS TO HELP DONORS MAKE MORE EFFECTIVE CONTRIBUTIONS AND ACCOMPLISH THEIR PHILANTHROPIC GOALS.WE UNDERSTAND THAT MANY DONORS ARE NOT SATISFIED WITH THEIR CHARITABLE GIVING AND FEEL UNSURE WHETHER OR NOT THEIR DONATION IS MAKING A DIFFERENCE. WE UNDERSTAND THAT IT IS DIFFICULT FOR MANY TO KNOW IF A PARTICULAR MINISTRY IS DOING VALID WORK. WISEHEART EXISTS TO PROVIDE DONORS WITH STRATEGIC GIVING OPTIONS TO TRUST THAT THEIR CONTRIBUTIONS ARE EFFECTIVE AND USED FAITHFULLY. WISEHEART ASPIRES TO HELP THE DONOR GIVE GENEROUSLY AND EFFECTIVELY TO AN ORGANIZATION OR GOD-HONORING CAUSE FOR WHICH THEY HAVE A PASSION. WE WANT TO HELP OUR DONORS: *DESIGN A GIVING STRATEGY TO MAXIMIZE CHARITABLE GIFTS ALIGNED WITH THEIR PASSION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $224,614
Program Service Revenue $111,115
Investment Income $13,355
Other Revenue $0
TOTAL REVENUE $349,084

Expense Breakdown

Grants Paid $0
Salaries & Benefits $236,061
Fundraising Expenses $5,105
Program Expenses $242,409
Other Expenses $33,732
TOTAL EXPENSES $269,793

Year-over-Year Comparison

2024 2023 Change
Revenue $349,084 $272,446 +0.3%
Expenses $269,793 $285,813 -0.1%
Net Income $79,291 $-13,367 -6.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$154,818
Total Directors
7
$154,818
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD VINING PRESIDENT AND BOARD DIRECT 1.00
Officer Director
$0 $0 $0
LEN E HARDISON DIRECTOR 40.00
Officer Director
$150,000 $4,818 $154,818
TOM EDWARDS DIRECTOR 1.00
Director
$0 $0 $0
BRYAN HAWKINS DIRECTOR 1.00
Director
$0 $0 $0
CHRIS WINCHELL DIRECTOR 1.00
Director
$0 $0 $0
KATIE SHEPPARD DIRECTOR 1.00
Director
$0 $0 $0
ELAINE SAVELL DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $349,084 $269,793 $281,657 $79,291
2024 $272,446 $285,813 $196,482 $-13,367
2023 $306,880 $10,851,290 $200,884 $-10,544,410
2022 $6,206,349 $4,350,606 $10,743,867 $1,855,743
2021 $5,329,068 $2,948,901 $11,765,028 $2,380,167
2020 $3,311,794 $2,727,623 $7,952,831 $584,171
2019 $6,860,255 $5,669,173 $7,093,561 $1,191,082
2018 $3,515,066 $2,423,102 $5,350,047 $1,091,964
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