Wyss Medical Foundation Inc
- Assets
- $17.1m
- Revenue
- $10.0m
- Investments
- $15.9m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-3962795
Organization Overview
Wyss Medical Foundation Inc is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyss Medical Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Wyss Medical Foundation Inc generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 47.0% each year . All expenses for the organization totaled $16.5m during the year ending 12/2023. While expenses have increased by 14.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hansjoerg Wyss Director | 0 | $0 | |
Joseph Fisher Treasurer | 0 | $0 | |
Patricia Davis Secretary | 0 | $0 | |
Steve Schwartz Director | 0 | $50,004 | |
Frank Mcgovern Director | 0 | $0 | |
Molly Mcusic Director | 0 | $95,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,240,734 |
| Interest on Savings | $0 |
| Dividends & Interest | $325,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$516,959 |
| Capital Gain Net Income | $6,570,042 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$76,441 |
| Total Revenue | $9,973,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $145,004 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,425 |
| Printing and publications | $0 |
| Other expenses | $17,381 |
| Total operating and administrative expenses | $398,070 |
| Contributions, gifts, grants paid | $16,053,194 |
| Total expenses and disbursements | $16,451,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,448 |
| Savings and temporary cash investments | $1,107,118 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,923,232 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,134,310 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |