Watsi
- Assets
- $2.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- San Francisco, CA
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-3236734
Organization Overview
Watsi is located in San Francisco, CA. The organization was established in 2012. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Watsi employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watsi 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, Watsi generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Watsi has awarded 52 individual grants totaling $10,476,304. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WATSI, INC. IS A SAN FRANCISCO-BASED 501(C(3) NON-PROFIT ORGANIZATION THAT BUILDS TECHNOLOGY TO FINANCE HEALTHCARE FOR PATIENTS AROUND THE WORLD. CROWDFUNDING FOR HEALTHCARE IS DELIVERED TO PATIENTS THROUGH GLOBAL MEDICAL PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. WATSI INCREASED ACCESS TO CRITICAL HEALTHCARE FOR PATIENTS THROUGH THE COVID-19 PANDEMIC, INCLUDING DIRECTLY FUNDING LIFE-CHANGING SURGERY FOR 2,207 PATIENTS FROM ACROSS 13 COUNTRIES.2. WATSI LAUNCHED 10 NEW MEDICAL PARTNER CARE CENTERS IN BURMA, COLOMBIA, MALAWI, THE PHILIPPINES, THAILAND, AND UGANDA.3. FROM BIRTH TO 94 YEARS OLD, WATSI HELPED PATIENTS ACCESS LIFE-CHANGING MEDICAL TREATMENT FOR MORE THAN 100 CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mackinnon Engen Executive Dir. | Officer | 40 | $130,000 |
Keenyn Mcfarlane CFO | Officer | 20 | $48,672 |
Paul Hudnut Chair Thru 2-21 | OfficerTrustee | 2 | $0 |
Grace Garey Chair From 2-21 | OfficerTrustee | 2 | $0 |
Margaret Cornelius Director | Trustee | 2 | $0 |
Dr Mahlet Kifle Habtemariam Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,964 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,621,665 |
| Noncash contributions included in lines 1a–1f | $50,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,638,629 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,638,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,028,955 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $234,325 |
| Compensation of current officers, directors, key employees. | $111,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,973 |
| Pension plan accruals and contributions | $4,681 |
| Other employee benefits | $8,910 |
| Payroll taxes | $18,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,992 |
| Advertising and promotion | $2,035 |
| Office expenses | $7,951 |
| Information technology | $13,888 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,475 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105 |
| Insurance | $3,768 |
| All other expenses | $0 |
| Total functional expenses | $1,506,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,231,481 |
| Savings and temporary cash investments | $50,321 |
| Pledges and grants receivable | $28,550 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,304 |
| Net Land, buildings, and equipment | $3,679 |
| Investments—publicly traded securities | $2,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,715 |
| Other assets | $0 |
| Total assets | $2,349,677 |
| Accounts payable and accrued expenses | $2,488 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $125,084 |
| Other liabilities | $0 |
| Total liabilities | $127,572 |
| Net assets without donor restrictions | $1,204,445 |
| Net assets with donor restrictions | $1,017,660 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,349,677 |
Grants Awarded
Over the last fiscal year, Watsi has awarded $997,285 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DeLand, FL PURPOSE: TO PROVIDE HEALTHCARE TO PEOPLE IN NEED AND WITHOUT THE ABILITY TO AFFORD IT THEMSELVES. | $589,740 |
Kodiak, AK PURPOSE: TO PROVIDE HEALTHCARE TO PEOPLE IN NEED AND WITHOUT THE ABILITY TO AFFORD IT THEMSELVES. | $270,833 |
Worcester, MA PURPOSE: TO PROVIDE HEALTHCARE TO PEOPLE IN NEED AND WITHOUT THE ABILITY TO AFFORD IT THEMSELVES. | $124,091 |
Burlington, VT PURPOSE: TO PROVIDE HEALTHCARE TO PEOPLE IN NEED AND WITHOUT THE ABILITY TO AFFORD IT THEMSELVES. | $11,430 |
Walnut Creek, CA PURPOSE: TO PROVIDE HEALTHCARE TO PEOPLE IN NEED AND WITHOUT THE ABILITY TO AFFORD IT THEMSELVES. | $1,191 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Watsi has recieved totaling $105,928.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $47,952 |
Ffwd San Francisco, CA PURPOSE: General Support | $38,478 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $12,550 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
The Bindon Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
Yelp Foundation San Francisco, CA PURPOSE: MATCHING CONTRIBUTION MADE BY EMPLOYEE OF YELP, INC. | $116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Health Trust San Jose, CA | $121,710,824 | $27,941,301 |
Valley Childrens Healthcare Foundation Madera, CA | $40,273,327 | $13,248,839 |
Childrens Healthcare Of California Orange, CA | $509,065,328 | $34,175,929 |
Healthcare Transitional Funding Corp Glendale, AZ | $463,333 | $25,480 |
Community Clinics Health Network San Diego, CA | $1,366,120 | $5,859,898 |
Health First Foundation-Northern Arizona Flagstaff, AZ | $53,020,022 | $5,292,258 |
Legacy Health Endowment Turlock, CA | $0 | $3,113,073 |
Oregon Rural Health Initiative Portland, OR | $7,029,575 | $4,022,932 |
Beyond Type1 San Mateo, CA | $30,549,065 | $31,598,966 |
Dignity Health Foundation San Francisco, CA | $14,808,045 | $3,116,398 |
1800 Harrison Foundation Oakland, CA | $99,963,163 | $3,526,957 |
Sutter Roseville Medical Center Foundation Sacramento, CA | $6,503,666 | $2,319,842 |