Nonprofit · EIN 58-1543164
FOUNDATION OF WESLEY WOODS INC
Tax-exempt · ATLANTA, GA 30329
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $6,091,245 | $4,653,429 | $1,437,816 | $53,071,975 | $1,571,762 | $51,500,213 |
| August 31, 2024 | 990 | $6,374,266 | $8,896,592 | -$2,522,326 | $49,093,435 | $734,129 | $48,359,306 |
| August 31, 2023 | 990 | $3,847,920 | $2,848,954 | $998,966 | $45,835,064 | $685,974 | $45,149,090 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $3,636,534
- Program service revenue
- $0
- Investment income
- $2,445,624
- Net gain from sales of assets
- $1,476,027
- Net income from fundraising events
- $9,087
- Other revenue
- $9,087
Expenses
- Grants and similar amounts paid
- $4,207,647
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $38,007
- Accounting fees
- $4,999
- Depreciation
- $1,138
- Program services (functional)
- $4,218,720
- Management and general (functional)
- $256,396
- Fundraising (functional)
- $178,313
Balance sheet and other
- Total assets, start of year
- $49,093,435
- Total assets, end of year
- $53,071,975
- Total liabilities, end of year
- $1,571,762
- Net assets, end of year
- $51,500,213
- Land, buildings and equipment
- $633
- Publicly traded securities
- $46,064,312
- Net assets without donor restrictions
- $18,577,965
- Net assets with donor restrictions
- $32,922,248
- Gross receipts
- $6,182,459
- Employees
- 5
- Volunteers
- 25
- Year formed
- 1984
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Terry Barcroft | President & CEO Trustee or director, Officer | 5 | $0 | $324,346 | $24,499 |
| Diane Vaughan | President of Foundation Trustee or director, Officer | 38 | $0 | $207,288 | $26,424 |
| Brandon Valasek | CFO Officer | 10 | $0 | $207,374 | $24,102 |
| Phil Jacobs | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Sharon Spears | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Alison LeBreton | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ann Lally | Director Trustee or director | 1 | $0 | $0 | $0 |
| B Thomas Cook Jr | Director Trustee or director | 1 | $0 | $0 | $0 |
| Barry Storey | Director Trustee or director | 1 | $0 | $0 | $0 |
| Bob Currie | Director Trustee or director | 1 | $0 | $0 | $0 |
| Bob Hope | Director Trustee or director | 1 | $0 | $0 | $0 |
| Boyd Pettit | Director Trustee or director | 1 | $0 | $0 | $0 |
| Derrick Rhodes | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dr Kay Crosby | Director Trustee or director | 1 | $0 | $0 | $0 |
| Gary Hudson | Director Trustee or director | 1 | $0 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Glenn Hannigan | Director Trustee or director | 1 | $0 |
| Ilham Askia | Director Trustee or director | 1 | $0 |
| Mike Ivey | Director Trustee or director | 1 | $0 |
| Rev Clarence Thrower | Director Trustee or director | 1 | $0 |
| Rev Dr Kevin Murriel | Director Trustee or director | 1 | $0 |
| Rev Will Zant | Director Trustee or director | 1 | $0 |
| Ron Thigpen | Director Trustee or director | 1 | $0 |
| Susan Gunter | Director Trustee or director | 1 | $0 |
| Tom Bever | Director Trustee or director | 1 | $0 |
| Veronica Biggins | Director Trustee or director | 1 | $0 |
| Vicki Riedel | Director Trustee or director | 1 | $0 |
| Wesley Budd | Director Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 29 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERRY BARCROFT | PRESIDENT & CEO Trustee or director, Officer | 13 | $0 | $315,578 | $23,071 |
| LAURI ANN BROOKS | VPO Trustee or director, Officer | 12 | $0 | $220,288 | $18,705 |
| DIANE VAUGHAN | PRESIDENT Trustee or director, Officer | 38 | $0 | $210,473 | $23,650 |
| BRANDON VALASEK | CFO & SECRETARY/TREASURER Officer | 5 | $0 | $180,019 | $22,366 |
| REV DR BILL BURCH | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LISA MCGAHAN | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| JESS BARRON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOM BEVER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN GUNTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK B CHANDLER SR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| B THOMAS COOK JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOB CURRIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RON DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN LALLY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHARON SPEARS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOYD PETTIT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOB HOPE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TOM JACKSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PHIL JACOBS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES JORDAN JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALISON LEBRETON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REV DR KEVIN MURRIEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VICKI RIEDEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RON THIGPEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REV WILL ZANT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR KAY CROSBY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REV CLARENCE THROWER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DERRICK RHODES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARRY STOREY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERRY BARCROFT | PRESIDENT & CEO Trustee or director, Officer | 13 | $0 | $298,303 | $23,773 |
| LAURI ANN BROOKS | VPO Trustee or director, Officer | 12 | $0 | $208,347 | $19,161 |
| DIANE VAUGHAN | PRESIDENT Trustee or director, Officer | 38 | $0 | $196,355 | $24,222 |
| BRANDON VALASEK | CFO & SECRETARY/TREASURER Officer | 5 | $0 | $167,784 | $8,876 |
| REV DR BILL BURCH | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LISA MCGAHAN | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| JESS BARRON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TOM BEVER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BETH CAYCE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK B CHANDLER SR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| B THOMAS COOK JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOB CURRIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RON DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ZOE HICKS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOB HOPE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TOM JACKSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PHIL JACOBS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES JORDAN JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALISON LEBRETON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REV DR KEVIN MURRIEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VICKI RIEDEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RON THIGPEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REV WILL ZANT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR KAY CROSBY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REV CLARENCE THROWER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DERRICK RHODES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARRY STOREY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1817 CLIFTON RD NE, ATLANTA, GA 30329-4021
- Principal officer (990 for 2024)
- Terry Barcroft, 1817 Clifton Road NE, Atlanta, GA 30329
- Signed the 990
- Terry Barcroft, President & CEO
- Phone
- (404) 282-7806
- Website
- www.wesleywoods.org
- Return prepared by
- Mauldin & Jenkins LLC
Mission
THE FOUNDATION OF WESLEY WOODS SERVES AS THE CONNECTION POINT BETWEEN THE GENEROSITY OF SUPPORTERS IN THE COMMUNITY AND THE LIFE-CHANGING WORK OF WESLEY WOODS AS WE CREATE COMMUNITIES OF CONNECTION, WELL-BEING AND PROMISE. WITH THE SUPPORT OF GENEROUS DONORS, OLDER ADULTS OF ALL BACKGROUNDS AND INCOME LEVELS CAN THRIVE.
Program accomplishments
- THE FOUNDATION OF WESLEY WOODS PROVIDES CHARITABLE CARE, PROGRAMMATIC AND CAPITAL GRANTS FOR ALL WESLEY WOODS SENIOR LIVING, INC. RETIREMENT COMMUNITIES. ADDITIONALLY, THE ORGANIZATION MAKES GRANTS TO FACILITIES AND PROGRAMS OWNED BY EMORY UNIVERSITY, INC. AND WESLEY WOODS CENTER OF EMORY UNIVERSITY, INC. (AFFILIATED ORGANIZATIONS) AS THEY ALIGN WITH THE FOUNDATIONS MISSION.Expenses $4,218,720 · grants $4,207,647
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 58-1543164
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E99)
- Assets (IRS master file)
- $53,071,975
- Income (IRS master file)
- $6,182,459
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $6,091,245 | $4,653,429 | $53,071,975 | XML |
| 990 | August 2024 | $6,374,266 | $8,896,592 | $49,093,435 | XML |
| 990 | August 2023 | $3,847,920 | $2,848,954 | $45,835,064 | XML |
| 990 | August 2022 | $5,366,231 | $3,310,165 | $43,817,133 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1543164).
Questions about FOUNDATION OF WESLEY WOODS INC
- What is the EIN of FOUNDATION OF WESLEY WOODS INC?
- The employer identification number (EIN) of FOUNDATION OF WESLEY WOODS INC is 58-1543164.
- Is FOUNDATION OF WESLEY WOODS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to FOUNDATION OF WESLEY WOODS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION OF WESLEY WOODS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION OF WESLEY WOODS INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION OF WESLEY WOODS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of FOUNDATION OF WESLEY WOODS INC?
- The 990 for the year ended August 31, 2025 names Terry Barcroft.
- Who are the officers and directors of FOUNDATION OF WESLEY WOODS INC?
- The 990 for the year ended August 31, 2025 lists 27 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION OF WESLEY WOODS INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $6,091,245, expenses of $4,653,429 and total assets of $53,071,975 at year end.
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