Wasserstrom Foundation
- Assets
- $6.5m
- Revenue
- $565.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 11/1963
- Data as of
- 09/2023
- EIN
- 31-6041116
Organization Overview
Wasserstrom Foundation is located in Columbus, OH. The organization was established in 1963. 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. Wasserstrom Foundation 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 09/2023, Wasserstrom Foundation generated $565.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $246.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Wasserstrom Foundation has awarded 46 individual grants totaling $977,136. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Wasserstrom Trustee | 0 | $0 | |
Alan Wasserstrom Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,750 |
| Interest on Savings | $2,650 |
| Dividends & Interest | $212,145 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,896 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $565,441 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,650 |
| Taxes | $2,149 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $922 |
| Total operating and administrative expenses | $34,710 |
| Contributions, gifts, grants paid | $211,636 |
| Total expenses and disbursements | $246,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,977 |
| Savings and temporary cash investments | $5,353,013 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,482,937 |
| 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 |
Grants Awarded
Over the last fiscal year, Wasserstrom Foundation has awarded $211,636 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BEXLEY EDUCATION FOUNDATION PURPOSE: FUND EXCELLANCE | $1,000 |
BEXLEY COMMUNITY FOUNDATION PURPOSE: BEXLEY CELEBRATE EVENTS | $6,000 |
COLUMBUS JEWISH DAY SCHOOL PURPOSE: PROGRAMS | $15,000 |
JEWISH COMMUNITY CENTER PURPOSE: PROGRAMS | $3,000 |
TIFERETH ISRAIL PURPOSE: PROGRAMS | $10,136 |
LIFETOWN PURPOSE: PROGRAMS | $2,500 |