Watly Foundation
- Assets
- $1.5m
- Revenue
- $22.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Atherton, CA
- Founding
- 11/2019
- Data as of
- 07/2024
- EIN
- 83-1974107
Organization Overview
Watly Foundation is located in Atherton, CA. The organization was established in 2019. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watly 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 07/2024, Watly Foundation generated $22.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $72.1k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Watly Foundation has awarded 55 individual grants totaling $191,061. 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
SEE STATEMENT
SEE ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William An CEO | 0.5 | $0 | |
Li An Secretary | 0.5 | $0 | |
Ying Gu CFO | 0.5 | $0 | |
Alexander An COO | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,122 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$13,836 |
| Total Revenue | $22,286 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,894 |
| Total operating and administrative expenses | $7,076 |
| Contributions, gifts, grants paid | $65,050 |
| Total expenses and disbursements | $72,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,040 |
| Savings and temporary cash investments | $1,151,751 |
| 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 | $286,528 |
| Total assets | $1,456,319 |
| 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, Watly Foundation has awarded $65,050 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SACRED HEART SCHOOLS PURPOSE: DONATIONS | $60,000 |
CHINESE HOSPITAL ASSOCIATION PURPOSE: DONATIONS | $1,600 |
MARCH OF DIMES PURPOSE: DONATIONS | $50 |
FOOD FOR THE POOR INC PURPOSE: DONATIONS | $50 |
SPECIAL OLYMPICS INC PURPOSE: DONATIONS | $100 |
EASTER SEALS INC PURPOSE: DONATIONS | $50 |