Wallis Annenberg Legacy Foundation
- Assets
- $152.8m
- Revenue
- $13.4m
- Investments
- $126.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 45-2964080
Organization Overview
Wallis Annenberg Legacy Foundation is located in Los Angeles, CA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wallis Annenberg Legacy 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 12/2021, Wallis Annenberg Legacy Foundation generated $13.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $13.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WALLIS ANNENBERG PETSPACE: WALLIS ANNENBERG PETSPACE OFFERS A VARIETY OF EDUCATIONAL ACTIVITIES AND CLASSES DESIGNED TO FOSTER THE HUMAN-ANIMAL BOND INCLUDING HANDS-ON WORKSHOPS, LECTURES, GROOMING DEMONSTRATIONS, PET ADOPTION EVENTS, IN-HOUSE PROGRAMS AND MORE. PETSPACE ALSO FEATURES AN ON-SITE HEALTH CENTER WITH A VETERINARY CLINIC, SURGICAL SUITE, AND A STATE-OF-THE-ART ANIMAL REHABILITATION CENTER. PETSPACE IS WORKING CLOSELY AS A CIVIC PARTNER TO HELP ADDRESS THE OVERCROWDING CRISIS AT LOCAL LOS ANGELES SHELTERS. TO HELP ALLEVIATE SHELTER OVERCROWDING, PETSPACE HAS PARTNERED WITH LOS ANGELES ANIMAL SERVICES AND LOS ANGELES COUNTY DEPARTMENT OF ANIMAL CARE AND CONTROL TO TRANSFER ANIMALS IN FOR ADOPTION ON-SITE AT PETSPACE. EVERY PET THAT ARRIVES AT PETSPACE IS GIVEN A THOROUGH MEDICAL EVALUATION, A BEHAVIOR ASSESSMENT AND GROOMING IF NEEDED. PETSPACE IS COMMITTED TO AN OPEN ADOPTION PROCESS, AND IN 2021, WE PROCESSED 369 ADOPTIONS, PLACING ANIMALS IN LOVING HOMES.
WALLIS ANNENBERG GENSPACE:THE MISSION OF WALLIS ANNENBERG GENSPACE IS TO REIMAGINE AGING THROUGH WELLNESS, CONNECTION, AND LIFELONG LEARNING ALL IN A VIBRANT, INCLUSIVE COMMUNITY SPACE. WITH GOALS TO REDUCE SOCIAL ISOLATION; CREATE AN INCLUSIVE AND WELCOMING SPACE WHERE OLDER ADULTS CAN THRIVE; INSPIRE WELLNESS, CREATIVITY, TECH EXPLORATION, FINANCIAL SECURITY, CURIOSITY, AND IMAGINATION; AND DISRUPT NEGATIVE STEREOTYPES ABOUT AGING. ULTIMATELY, GENSPACE SERVES AS A PIONEER IN BETTER UNDERSTANDING WHAT DIVERSE OLDER POPULATIONS WANT AND NEED. TO DO THIS DURING THE END OF OUR CONSTRUCTION PILOT ACTIVITIES INCLUDED: HOSTING AN AGE-FRIENDLY VACCINATION SITE, PROVIDING FREE ONLINE PROGRAMING ACROSS OUR GOALS, HOSTING INTERGENERATIONAL CONVERSATIONS TO REDUCE ISOLATION DURING QUARANTINE, SUPPORTING OUR NEW COMMUNITY BY HOSTING MEANINGFUL POP-UP EVENTS FOR OLDER ADULTS, AND SUPPORTING INTERNS IN THEIR AGING STUDIES.
WALF LEADERSHIP INSTITUTE:THE MISSION OF THE WALLIS ANNENBERG PETSPACE LEADERSHIP INSTITUTE IS TO PROMOTE MULTI-DISCIPLINARY SCHOLARSHIP, CONVENE GATHERINGS TO DISCUSS PUBLIC POLICY SURROUNDING DOMESTIC ANIMALS, PARTICIPATE IN HIGH-LEVEL ACADEMIC RESEARCH PARTNERSHIPS, DEVELOP CURRICULA THAT SUPPORT EDUCATION RELATING TO THE HUMAN-ANIMAL BOND, AND SERVE AS A PLATFORM FOR THE DISSEMINATION OF THE OUTCOME FROM THESE ACTIVITIES. THE LEADERSHIP INSTITUTE IS DRIVEN BY TWO PRINCIPLES: OUR COMMITMENT TO WORKING WITH PARTNERS THAT HAVE PROVEN EXPERIENCE AND EXPERTISE IN THE BOND BETWEEN PEOPLE AND THEIR PETS, AS WELL AS THE ORIGINS AND SCIENCE OF THAT RELATIONSHIP. THE WALLIS ANNENBERG PETSPACE LEADERSHIP INSTITUTE IS DEDICATED TO USING ANNENBERG PETSPACE AS A CATALYST TO SPUR ACTION IN OUR SOCIETY AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Wong Petspace Director | 37.5 | $190,287 | |
Donna Fernandes Genspace Director | 37.5 | $144,987 | |
Misty Espinoza Marketing & Communic | 37.5 | $138,620 | |
Ronda Shropshire Human Resources Seni | 40 | $133,040 | |
Janet Rawlinson Community Partnershi | 40 | $119,906 | |
Wallis Annenberg Dir/chair/pres/ceo | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sheppard Mullin Richter & Hampton Llp | 12/30/21 | $262,040 |
Brilliant General Maintenance Inc | 12/30/21 | $109,141 |
Merrill | 12/30/21 | $772,379 |
Stink Digital Usa Llc | 12/30/21 | $132,700 |
The Pace Gallery | 12/30/21 | $167,973 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,128,113 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,469,493 |
| Net Rental Income | $350 |
| Net Gain on Sale of Assets | $3,708,250 |
| Capital Gain Net Income | $3,708,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $3,013 |
| Other Income | $99,341 |
| Total Revenue | $13,408,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,780,769 |
| Pension plans, employee benefits | $1,234,548 |
| Interest | $0 |
| Taxes | $122,497 |
| Depreciation | $3,005,893 |
| Occupancy | $2,687,939 |
| Travel, conferences, and meetings | $35,952 |
| Printing and publications | $0 |
| Other expenses | $1,201,226 |
| Total operating and administrative expenses | $13,269,082 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $13,269,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,602,935 |
| Savings and temporary cash investments | $5,021,623 |
| Net Accounts receivable | $201,204 |
| 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 | $6,536 |
| Prepaid expenses and deferred charges | $270,682 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $68,614,582 |
| Net Land, buildings, and equipment | $17,359,366 |
| Other assets | $0 |
| Total assets | $152,815,079 |
| Accounts payable and accrued expenses | $438,670 |
| 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 | $3,935,815 |
| Total liabilities | $4,374,485 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Wallis Annenberg Legacy Foundation has recieved totaling $8,100,000.
| Awarding Organization | Amount |
|---|---|
The Annenberg Foundation Conshohocken, PA PURPOSE: CHARITABLE MISSION AND PROGRAMS | $3,500,000 |
The Annenberg Foundation Conshohocken, PA PURPOSE: CHARITABLE MISSION AND PROGRAMS | $1,750,000 |
The Annenberg Foundation Conshohocken, PA PURPOSE: CHARITABLE MISSION AND PROGRAMS | $1,750,000 |
The Annenberg Foundation Conshohocken, PA PURPOSE: CHARITABLE MISSION AND PROGRAMS | $1,000,000 |
W M Keck Foundation Los Angeles, CA PURPOSE: GENERAL SUPPORT OF THE ANNENBERG PETSPACE PROGRAM. | $50,000 |
The Herzer Foundation Woodland Hills, CA PURPOSE: TO PROMOTE AND STRENGTHEN THE PETS' WELLNESS. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |
Reed Family Giving Palo Alto, CA | $0 | $1,785,630 |
Perenchio Foundation Pasadena, CA | $23,143,013 | $16,139,490 |
Elbridge Stuart Foundation San Francisco, CA | $0 | $50,927,983 |
Chamberlin Family Foundation Richmond, CA | $3,805,906 | $611,005 |
May And Stanley Smith Charitable Trust Corte Madera, CA | $490,127,774 | $29,599,485 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Scully Memorial Foundation San Rafael, CA | $838,174,417 | $32,779,151 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Windsong Tr Manhattan Beach, CA | $426,534,426 | $49,190,132 |