WILLIAM & MARY BUSINESS SCHOOL FOUNDATION Charity Report

Public IRS 990 nonprofit record

WILLIAM & MARY BUSINESS SCHOOL FOUNDATION

EIN 23-7079011 · Education (B51I)

What they do

to Advance The Goals of William & Marys Raymond A. Mason School of Business Through Philanthropy By Providing Scholarships, Programmatic and Operational Support, and Support for Its Centers of Excellence.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $57.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders32 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

20.76%of revenue went to mission work57.1% of expenses · Program services

8.14%of revenue went to fundraising22.4% of expenses

$36.34spent for every $100 of revenueRevenue covered expenses this year.

7.44%of revenue went to management and office costs20.5% of expenses

$22.03in assets for every $1 spent this yearSome assets cannot be spent right away.

52.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $138,981 for KIMBERLY SPERLING (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$16,950,934

Mission workProgram services$3,519,40120.76% of revenue57.1% of expenses

ManagementOffice and general costs$1,261,5847.44% of revenue20.5% of expenses

FundraisingAsking for donations$1,379,5778.14% of revenue22.4% of expenses

Revenue left after expensesReported annual surplus$10,790,37263.66% of revenueShown in gray on the chart

Total expenses$6,160,56236.34% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 57.1% mission · 20.5% management · 22.4% fundraisingTotal expenses: 36.34% of revenue

2023Expense mix: 54.4% mission · 17.8% management · 27.8% fundraisingTotal expenses: 68.07% of revenue

2022Expense mix: 54.0% mission · 17.6% management · 28.4% fundraisingTotal expenses: 65.33% of revenue

2021Expense mix: 57.8% mission · 15.3% management · 26.9% fundraisingTotal expenses: 25.98% of revenue

2020Expense mix: 65.6% mission · 16.5% management · 17.9% fundraisingTotal expenses: 60.20% of revenue

2019Expense mix: 59.8% mission · 14.8% management · 25.3% fundraisingTotal expenses: 54.08% of revenue

2018Expense mix: 71.3% mission · 12.2% management · 16.4% fundraisingTotal expenses: 52.34% of revenue

2017Expense mix: 66.2% mission · 19.2% management · 14.6% fundraisingTotal expenses: 24.78% of revenue

Money in and money out

Revenue$16,950,934

Expenses$6,160,562

Annual surplus $10,790,372 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,519,401 · 57.1% of expenses

Management and office costs$1,261,584 · 20.5% of expenses

Fundraising$1,379,577 · 22.4% of expenses

See all reported dollar amounts

Revenue$16,950,934

Expenses$6,160,562

Assets$135,737,107

Income$16,950,934

Contributions$8,842,750

Mission work (program services)$3,519,401

Fundraising$1,379,577

Grants given$8,529,870

Average grant$656,144

Management and general$1,261,584

Stocks and bonds$48,791,408

Accounting fees$63,473

Investing fees$426,427

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KIMBERLY SPERLINGCEO · 40 hrs/week $138,981Base $111,357 · Other $27,624

CARLA R KING-JOHNSONASSISTANT TREASURER · 40 hrs/week $136,959Base $110,473 · Other $26,486

KELLIE MINER-FRAZIERASSISTANT SECRETARY · 40 hrs/week $128,509Base $96,606 · Other $31,903

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (32)

KIMBERLY SPERLINGCEO

CARLA R KING-JOHNSONASSISTANT TREASURER

KELLIE MINER-FRAZIERASSISTANT SECRETARY

NICOLAS BOELTRUSTEE

LEE CROLLTRUSTEE

MATTHEW B SIANOTRUSTEE

MELINDA HANCOCKTRUSTEE

MELISSA BALLENGERTRUSTEE

MICHAEL MATACUNASTRUSTEE

MOLLY PIERONISECRETARY

KATHERINE NEUMERTRUSTEE

PHIL TUNINGTRUSTEE

RICHARD FISHERTRUSTEE

RICHARD C KRAEMER JRTRUSTEE

STEPHEN KENNYTRUSTEE

SUSAN C RUCKERCFO

TROY KEENTRUSTEE

ALICE DAVISONTRUSTEE

KARIM H K AHAMEDTRUSTEE

JOHN HYMANTRUSTEE

G MICHAEL STAKIASTRUSTEE

FRANK ROACHTRUSTEE

ERWIN VAN DER VOORTTRUSTEE

EDWARD T TOKARTRUSTEE

DONALD L LOWMANCHAIR

DAVID MUSTOTRUSTEE

DAVID BURGTRUSTEE

COLLEEN DRUMMONDTRUSTEE

BARRY J SHARPTREASURER

ANNE MCGEORGETRUSTEE

AMANDA EVERSOLETRUSTEE

ALLISON SPIVEYTRUSTEE

About this charity

Recognized since: January 1970
Location: PO BOX 2220, WILLIAMSBURG, VA 23187-2220
County: Williamsburg (city)
In care of: BARRY SHARP
Primary officer: BARRY SHARP, TREASURER

How to reach them

Phone(757) 221-2294

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Education (B51I)
Grant-giving organization: Yes