Waitt Foundation
- Assets
- $136.3m
- Revenue
- $1.1m
- Investments
- $126.2m
- Employees
- 0
- Location
- North Sioux City, SD
- Founding
- 03/1994
- Data as of
- 12/2023
- EIN
- 46-0428166
Organization Overview
Waitt Foundation is located in North Sioux City, SD. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waitt 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 12/2023, Waitt Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $12.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Waitt Foundation has awarded 531 individual grants totaling $65,916,055. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hailey Waitt Director | 0.5 | $0 | |
Shane Hartnett Director | 2 | $0 | |
Max Waitt Director | 0.5 | $0 | |
David Stoos Secretary | 2 | $0 | |
Josh Sherer Treasurer | 2 | $0 | |
Dave Russell Vice Chairman/director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Theobald Fox Limited | 12/30/22 | $396,163 |
Rsm Us Llp | 12/30/22 | $68,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $351,111 |
| Dividends & Interest | $1,645,688 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,150,891 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $232,699 |
| Total Revenue | $1,078,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $228,745 |
| Other employee salaries and wages | $556,395 |
| Pension plans, employee benefits | $81,690 |
| Interest | $0 |
| Taxes | $165,453 |
| Depreciation | $36,346 |
| Occupancy | $189,602 |
| Travel, conferences, and meetings | $156,403 |
| Printing and publications | $0 |
| Other expenses | $83,527 |
| Total operating and administrative expenses | $2,249,642 |
| Contributions, gifts, grants paid | $10,190,301 |
| Total expenses and disbursements | $12,439,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,028 |
| Savings and temporary cash investments | $8,291,794 |
| 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 | $16,359 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $67,310,675 |
| Net Land, buildings, and equipment | $36,337 |
| Other assets | $1,506,800 |
| Total assets | $136,284,471 |
| Accounts payable and accrued expenses | $336,068 |
| 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 | $481,328 |
| Total liabilities | $817,396 |
Grants Awarded
Over the last fiscal year, Waitt Foundation has awarded $10,190,301 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX'S LEMONADE STAND PURPOSE: EMPLOYEE MATCH | $100 |
AMERICAN NEAR EAST REFUGEE AID PURPOSE: EMPLOYEE MATCH | $250 |
ANCIENT AND EFFERVESCENT ORDER OF THE LITTLE YELLOW DOG PURPOSE: EMPLOYEE MATCH | $1,000 |
BARBUDANGO PURPOSE: OCEAN CONSERVATION | $30,000 |
CARIBBEAN RESEARCH & MANAGEMENT OF BIODIVERSITY FOUNDATION PURPOSE: RAPID OCEAN CONSERVATION GRANT | $20,000 |
CENTER FOR APPROPRIATE TECHNOLOGY AND DEVELOPMENT PURPOSE: OCEAN CONSERVATION | $30,443 |