The Wilhelm Family Foundation
- Assets
- $1.7m
- Revenue
- $74.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 46-2796479
Organization Overview
The Wilhelm Family Foundation is located in Los Angeles, CA. The organization was established in 2013. 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. Wilhelm Family 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, Wilhelm Family Foundation generated $74.7k 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 (14.7%) each year. All expenses for the organization totaled $366.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wilhelm Family Foundation has awarded 148 individual grants totaling $1,448,900. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION MADE GRANTS TO 501(C)(3) ORGANIZATIONS FOR THE PURPOSE OF SUPPORTING ART-BASED ORGANIZATIONS, ART SCHOOLS AND INSTITUTIONS AND PUBLIC ART PROGRAMMING FOR THE GOOD OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cascade Wilhelm CEO | 20 | $47,500 | |
Matthew O'donnell Secretary | 1 | $0 | |
Leland Evans CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $405 |
| Dividends & Interest | $39,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,937 |
| Capital Gain Net Income | $34,937 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,777 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,844 |
| Total operating and administrative expenses | $70,890 |
| Contributions, gifts, grants paid | $295,500 |
| Total expenses and disbursements | $366,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,077 |
| 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 | $1,643,746 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,684,823 |
| 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, The Wilhelm Family Foundation has awarded $295,500 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
WENDE MUSEUM OF THE COLD WAR PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
ART RESOURCES TRANSFER PURPOSE: ART EDUCATION PROGRAMMING | $10,000 |
CENTER FOR LAND USE INTERPRETATION PURPOSE: PUBLIC PROGRAMMING | $10,000 |
FUTURE ROOTS INC PURPOSE: CAPITAL CAMPAIGN | $8,000 |
JOAN LOS ANGELES PURPOSE: PUBLIC ART PROGRAMMING | $10,000 |
MONTEREY JAZZ FESTIVAL PURPOSE: MUSIC EDUCATION PROGRAMMING | $5,000 |