White Mountain Institute
- Assets
- $1.7m
- Revenue
- $43.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 06/1987
- Data as of
- 09/2024
- EIN
- 77-0094396
Organization Overview
White Mountain Institute is located in Los Altos, CA. The organization was established in 1987. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. White Mountain Institute 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 09/2024, White Mountain Institute generated $43.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $79.2k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, White Mountain Institute has awarded 56 individual grants totaling $2,081,834. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT PRIMARILY TO THE UNIVERSITY OF CALIF., FOR EDUCATION AND ATHLETIC SCHOLARSHIPS. OTHER ORGANIZATIONS WERE PROVIDED FUNDS FOR SCHOLARSHIPS, RESEARCH OR GENERAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Whitemd PHD President | 1 | $0 | |
Linda White Ba Bsn Ms Secretary | 1 | $0 | |
Charles White Ba Treasurer | 1 | $0 | |
Giovanni Pittoni MD Director | 1 | $0 | |
Larry R Mayne Director | 1 | $0 | |
Kristine N Lopes President-Elect | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $51 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,128 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,932 |
| Printing and publications | $0 |
| Other expenses | $5,669 |
| Total operating and administrative expenses | $45,250 |
| Contributions, gifts, grants paid | $33,995 |
| Total expenses and disbursements | $79,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,748,896 |
| 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, White Mountain Institute has awarded $33,995 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UC BERKELEY ATHLETICS PURPOSE: SCHOLARSHIPSAND SUPPORT | $1,000 |
SOCIETY OF AMBULATORY ANESTHESIA PURPOSE: DONATION FOR RESEARCH AWARDS | $1,000 |
GUALALA ARTS CENTER PURPOSE: GENERAL SUPPORT | $1,280 |
UNIVERSITY OF CALIFORNIA PURPOSE: SCHOLARSHIPSAND SUPPORT | $30,000 |
ELEMENTARY SCHOOL WALK-A-THON-DONATIONS PURPOSE: SUPPORT | $200 |
REDWOOD COAST MEDICAL SERVICES PURPOSE: GENERAL SUPPORT | $315 |