E L Wiegand Foundation
- Assets
- $162.1m
- Revenue
- $6.5m
- Investments
- $136.7m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 09/1982
- Data as of
- 10/2021
- EIN
- 94-2839372
Organization Overview
E L Wiegand Foundation is located in Reno, NV. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. E L Wiegand 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 10/2021, E L Wiegand Foundation generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $8.9m during the year ending 10/2021. While expenses have increased by 12.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION TEMPORARILY SUSPENDED DIRECT CHARITABLE ACTIVITIES DURING THE CURRENT TAX YEAR DUE TO AN EMERGENCY SITUATION CAUSED BY COVID PUBLIC HEALTH ISSUES THAT ADVERSELY AFFECTED ARTE ITALIAS OPERATIONS AND THE WELL-BEING AND SAFETY OF EMPLOYEES, CONSULTANTS AND GUESTS. THE FOUNDATION PLANS TO RE-START DIRECT CHARITABLE ACTIVITIES IN THE NEXT FISCAL YEAR AS COVID PUBLIC HEALTH ISSUES AND RESTRICTIONS HAVE SUBSIDED. THE FOUNDATION DID INCUR CERTAIN MAINTENANCE, PLANNING AND ADMINISTRATIVE COSTS THAT ARE REFLECTED IN THE CURRENT TAX RETURN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen A Avansino Pres./exec. Dir | 40 | $552,090 | |
Raymond C Avansino Jr ESQ Chair/ceo/cio | 40 | $390,000 | |
Joanna Tote Sect'y/treas | 40 | $141,342 | |
Durinda Johnson Accountant | 40 | $98,753 | |
Laura Browning Exec Admin Asst | 40 | $77,927 | |
Michael Melarkey Trustee | 3 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gamco Investors Inc | 10/30/21 | $166,508 |
James T Carrico | 10/30/21 | $112,350 |
Evergreen Gavekal | 10/30/21 | $115,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $369,396 |
| Dividends & Interest | $3,381,652 |
| Net Rental Income | -$106,239 |
| Net Gain on Sale of Assets | $1,920,401 |
| Capital Gain Net Income | $1,920,401 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $567,542 |
| Total Revenue | $6,450,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,394,696 |
| Other employee salaries and wages | $356,733 |
| Pension plans, employee benefits | $68,448 |
| Interest | $0 |
| Taxes | $428,483 |
| Depreciation | $170,978 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,286 |
| Printing and publications | $1,200 |
| Other expenses | $494,050 |
| Total operating and administrative expenses | $3,425,111 |
| Contributions, gifts, grants paid | $5,517,079 |
| Total expenses and disbursements | $8,942,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,826,528 |
| 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 | $212,558 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $84,041,710 |
| Net Land, buildings, and equipment | $5,209,258 |
| Other assets | $62,543 |
| Total assets | $162,053,300 |
| Accounts payable and accrued expenses | $18,081 |
| Grants payable | $700,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $649,000 |
| Total liabilities | $1,367,081 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |