Willis Family Foundation Inc

Davidson, NC
Tax-exempt since March 1999
EIN: 56-2055841

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Revenue

$31.7k (2024)

Expenses

$63.5k (2024)

Total Assets

$707k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$31,673

Expenses

$63,504

Net Income

-$31,831

Net Assets

$706,911

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$31,172	98.4%
Sales of Assets	$0
Other Income	$500	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,442	77.9%
Compensation of Officers*	$16,000	25.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$706,911
Total Liabilities	$0
Net Assets	$706,911

Compensation

Key Employees and Officers	Compensation	Other
Jennie List (President)	$8,000	$0
James Good (Treasurer)	$8,000	$0
Michael Good (Director)	$0	$0

990-PF

Filed on May 1, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$31,951

Expenses

$65,348

Net Income

-$33,397

Net Assets

$716,229

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,423	10.7%
Dividends	$28,048	87.8%
Sales of Assets	$0
Other Income	$480	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,976	76.5%
Compensation of Officers*	$16,000	24.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$716,229
Total Liabilities	$0
Net Assets	$716,229

Compensation

Key Employees and Officers	Compensation	Other
Jennie List (President)	$8,000	$0
James Good (Treasurer)	$8,000	$0
Michael Good (Director)	$0	$0

990-PF

Filed on May 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$32,267

Expenses

$69,458

Net Income

-$37,191

Net Assets

$711,879

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,479	4.6%
Dividends	$30,788	95.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,805	73.1%
Compensation of Officers*	$12,000	17.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$711,879
Total Liabilities	$0
Net Assets	$711,879

Compensation

Key Employees and Officers	Compensation	Other
Jennie List (President)	$6,000	$0
James Good (Treasurer)	$6,000	$0
Michael Good (Director)	$0	$0

990-PF

Filed on May 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$30,127

Expenses

$63,666

Net Income

-$33,539

Net Assets

$694,226

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$30,126	100.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,000	70.7%
Compensation of Officers*	$12,000	18.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$694,226
Total Liabilities	$0
Net Assets	$694,226

Compensation

Key Employees and Officers	Compensation	Other
Jennie List (President)	$6,000	$0
James Good (Treasurer)	$6,000	$0
Michael Good (Director)	$0	$0

990-PF

Filed on Aug. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$8,211

Expenses

$61,154

Net Income

-$52,943

Net Assets

$716,512

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$126	1.5%
Dividends	$22,344	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,493	72.8%
Compensation of Officers*	$12,000	19.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$716,513
Total Liabilities	$1
Net Assets	$716,512

Compensation

Key Employees and Officers	Compensation	Other
Jennie List (President)	$6,000	$0
James Good (Treasurer)	$6,000	$0
Michael Good (Director)	$0	$0
Jeffrey Ledward (Secretary)	$0	$0

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990-PF

Filed on Aug. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$71,885

Expenses

$54,662

Net Income

$17,223

Net Assets

$748,217

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$695	1.0%
Dividends	$33,295	46.3%
Sales of Assets	$37,895	52.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,025	75.1%
Compensation of Officers*	$12,000	22.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$748,218
Total Liabilities	$1
Net Assets	$748,217

Compensation

Key Employees and Officers	Compensation	Other
Jennie List (President)	$6,000	$0
James Good (Treasurer)	$6,000	$0
Michael Good (Director)	$0	$0
Jeffrey Ledward (Secretary)	$0	$0

+ View more people

990-PF

Filed on Aug. 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$44,683

Expenses

$57,058

Net Income

-$12,375

Net Assets

$707,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,600	3.6%
Dividends	$29,065	65.0%
Sales of Assets	$14,018	31.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,961	77.0%
Compensation of Officers*	$12,000	21.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$707,077
Total Liabilities	$0
Net Assets	$707,077

Compensation

Key Employees and Officers	Compensation	Other
Jennie List (President)	$6,000	$0
James Good (Treasurer)	$6,000	$0
Michael Good (Director)	$0	$0
Jeffrey Ledward (Secretary)	$0	$0

+ View more people

990-PF

Filed on Aug. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$22,277

Expenses

$50,887

Net Income

-$28,610

Net Assets

$691,250

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,561	7.0%
Dividends	$24,975	> 100%
Sales of Assets	-$4,259
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,826	74.3%
Compensation of Officers*	$12,000	23.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$691,250
Total Liabilities	$0
Net Assets	$691,250

Compensation

Key Employees and Officers	Compensation	Other
Jennie List (President)	$6,000	$0
James Good (Treasurer)	$6,000	$0
Michael Good (Director)	$0	$0
Jeffrey Ledward (Secretary)	$0	$0

+ View more people

990-PF

Filed on July 17, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$48,000

Expenses

$57,946

Net Income

-$9,946

Net Assets

$736,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,436	3.0%
Dividends	$26,187	54.6%
Sales of Assets	$20,377	42.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,000	74.2%
Compensation of Officers*	$12,000	20.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$736,023
Total Liabilities	$0
Net Assets	$736,023

Compensation

Key Employees and Officers	Compensation	Other
Jennie List (President)	$6,000	$0
James Good (Treasurer)	$6,000	$0
Michael Good (Director)	$0	$0
Jeffrey Ledward (Secretary)	$0	$0

+ View more people

990-PF

Filed on Aug. 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$28,350

Expenses

$59,007

Net Income

-$30,657

Net Assets

$737,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,441	5.1%
Dividends	$26,909	94.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,089	74.7%
Compensation of Officers*	$12,000	20.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$737,271
Total Liabilities	$0
Net Assets	$737,271

Compensation

Key Employees and Officers	Compensation	Other
Jennie List (President)	$6,000	$0
James Good (Treasurer)	$6,000	$0
Michael Good (Director)	$0	$0
Jeffrey Ledward (Secretary)	$0	$0

+ View more people

990-PF

Filed on Aug. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$58,907

Expenses

$64,598

Net Income

-$5,691

Net Assets

$767,932

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$27	0.0%
Dividends	$28,301	48.0%
Sales of Assets	$30,579	51.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$18,000	27.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$767,932
Total Liabilities	$0
Net Assets	$767,932

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$43,634

Expenses

$48,320

Net Income

-$4,686

Net Assets

$762,594

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,036	4.7%
Dividends	$27,128	62.2%
Sales of Assets	$14,470	33.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,436	69.2%
Compensation of Officers*	$12,000	24.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$762,594
Total Liabilities	$0
Net Assets	$762,594

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$57,520

Expenses

$51,380

Net Income

$6,140

Net Assets

$767,280

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$63	0.1%
Dividends	$27,595	48.0%
Sales of Assets	$29,862	51.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,255	78.3%
Compensation of Officers*	$12,000	23.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$767,280
Total Liabilities	$0
Net Assets	$767,280

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$87,093

Expenses

$51,529

Net Income

$35,564

Net Assets

$749,247

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$43	0.0%
Dividends	$23,527	27.0%
Sales of Assets	$63,523	72.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,924	83.3%
Compensation of Officers*	$12,000	23.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$749,247
Total Liabilities	$0
Net Assets	$749,247

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated June 30, 2025

Willis Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $31.7k (2024)

Expenses $63.5k (2024)

Total Assets $707k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Revenue

$31.7k (2024)

Expenses

$63.5k (2024)

Total Assets

$707k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001