Willette Charitable Foundation
- Assets
- $4.2m
- Revenue
- $566.8k
- Investments
- $3.9m
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-2360622
Organization Overview
Willette Charitable Foundation is located in Irvine, CA. The organization was established in 2014. 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. Willette Charitable 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 12/2022, Willette Charitable Foundation generated $566.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $292.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Willette Charitable Foundation has awarded 34 individual grants totaling $2,245,700. 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 |
|---|---|---|---|
John Pope President/director | 5 | $0 | |
Kristi L Willette Coo/director | 20 | $53,483 | |
Jacqeulyn J Singer Director | 0 | $0 | |
Larry W Heglar Director | 0 | $0 | |
Lawrence L Thomas Director | 0 | $0 | |
John Pope President/director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $672 |
| Dividends & Interest | $153,842 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $411,109 |
| Capital Gain Net Income | $411,109 |
| Net ST Capital Gain | $35,309 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,200 |
| Total Revenue | $566,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,445 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,475 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,684 |
| Total operating and administrative expenses | $122,655 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $292,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,602 |
| Savings and temporary cash investments | $349,466 |
| 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 | $321,775 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,231,020 |
| 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, Willette Charitable Foundation has awarded $170,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEMPER FI PURPOSE: DONATION FOR MILITARY FAMILIES IN NEED | $120,000 |
THE WOODEN FLOOR PURPOSE: DONATION WILL UNDERWRITE COLLEGE READINESS | $50,000 |