Walters Family Foundation
- Assets
- $3.1m
- Revenue
- $187.5k
- Investments
- $3.0m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 11/2000
- Data as of
- 09/2023
- EIN
- 93-1280994
Organization Overview
Walters Family Foundation is located in Santa Barbara, CA. The organization was established in 2000. 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. Walters 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 09/2023, Walters Family Foundation generated $187.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $276.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Walters Family Foundation has awarded 92 individual grants totaling $967,750. 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 |
|---|---|---|---|
Clifford Walters President | 8 | $6,000 | |
Randal Unterseher Vice President | 8 | $18,000 | |
Tamberly Couch Secretary/treasurer | 0.5 | $17,000 | |
Wendy Olsen Board Member | 0.5 | $3,000 | |
Sue Neal Board Member | 0.5 | $3,000 | |
Paul Emerson Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $84,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $102,815 |
| Capital Gain Net Income | $102,815 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,455 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,810 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $24,837 |
| Printing and publications | $0 |
| Other expenses | $11,159 |
| Total operating and administrative expenses | $122,782 |
| Contributions, gifts, grants paid | $154,000 |
| Total expenses and disbursements | $276,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,438 |
| 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 | $2,591,941 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,278 |
| Total assets | $3,102,058 |
| 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, Walters Family Foundation has awarded $154,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BLANCHET HOUSE PURPOSE: ASSIST WITH PROCUREMENT OF A SOCIAL WORKER. | $10,000 |
CHILDREN'S CENTER PURPOSE: ASSIST WITH ASSESSMENT PROGRAM PROVIDING TIMELY, COMPASSIONATE, AND COMPREHENSIVE MEDICAL ASSESSMENT FOR 400+ CHILDREN ANNUALLY. | $10,000 |
CLATSOP COMMUNITY ACTION PURPOSE: FUNDS WILL BE USED TO ACQUIRE FRESH FRUITS AND VEGETABLES AND DISTRIBUTE VIA THE MOBILE PRODUCE PANTRY. FUNDS WILL ALSO SUPPORT THE TRANSPORTATION COSTS. | $10,000 |
MAYBELLE CENTER FOR COMMUNITY PURPOSE: FUNDS WILL BE USED TO DEVELOP VIDEOS FOR FUNDRAISING PURPOSES. | $2,000 |
FINANCIAL BEGINNINGS OREGON PURPOSE: FUNDS WILL BE USED TO TEACH FINANCIAL EDUCATION SPECIFICALLY THROUGHOUT THE PORTLAND METRO AREA. | $5,000 |
FAMILY JUSTICE CENTER OF WASHINGTON COUNTY PURPOSE: SUPPORT OF GENERAL BUDGET FOR NEEDS AS DETERMINED BY THE EXECUTIVE DIRECTOR. | $15,000 |