Paul L Wattis Foundation
- Assets
- $5.5m
- Revenue
- $127.6k
- Investments
- $4.2m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 84-1624183
Organization Overview
Paul L Wattis Foundation is located in San Francisco, CA. The organization was established in 2004. 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. Paul L Wattis 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, Paul L Wattis Foundation generated $127.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.9%) each year. All expenses for the organization totaled $451.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Paul L Wattis Foundation has awarded 32 individual grants totaling $1,096,300. 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 |
|---|---|---|---|
Paul L Wattis III President, Director | 12 | $0 | |
Paul L Wattis Jr Sect'y., Tres., Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,496 |
| Dividends & Interest | $114,084 |
| 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 | $0 |
| Total Revenue | $127,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,868 |
| Depreciation | $0 |
| Occupancy | $5,700 |
| Travel, conferences, and meetings | $19,902 |
| Printing and publications | $0 |
| Other expenses | $5,177 |
| Total operating and administrative expenses | $116,744 |
| Contributions, gifts, grants paid | $335,000 |
| Total expenses and disbursements | $451,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,355 |
| Savings and temporary cash investments | $821,041 |
| 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 | $5,498,738 |
| 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, Paul L Wattis Foundation has awarded $335,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CAL POLY FOUNDATION PURPOSE: SUPPORT THE SWANTON SUSTAINABILITY FUND OF THE COLLEGE OF AGRICULTURE, FOOD AND ENVIRONMENTAL SCIENCES. | $25,000 |
CAL POLY FOUNDATION PURPOSE: SUPPORT COLLEGE OF AGRICULTURE, FOOD AND ENVIRONMENTAL SCIENCES DEAN'S POWER OF DOING FUND | $25,000 |
GRABHORN INSTITUTE PURPOSE: SUPPORT ORGANIZATION'S GENERAL OPERATIONS | $50,000 |
HISPANICS IN PHILANTHROPY PURPOSE: SUPPORT THE "INNOVANDO LA TRADICION/COLECTIVO 1050" PROGRAM | $25,000 |
SAN FRANCISCO JAZZ ORGANIZATION PURPOSE: SUPPORT THE SFJAZZ IMMERSIVE MEDIA PROJECT | $100,000 |
SWEETWATER MUSIC HALL PURPOSE: GENERAL SUPPORT | $50,000 |