The Capstone Foundation
- Assets
- $2.1m
- Revenue
- $353.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 95-4211410
Organization Overview
The Capstone Foundation is located in Santa Monica, CA. The organization was established in 0000. 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. Capstone 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 12/2023, Capstone Foundation generated $353.0k 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 (12.0%) each year. All expenses for the organization totaled $819.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Capstone Foundation has awarded 79 individual grants totaling $2,418,800. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nadine I Watt President | 0.75 | $0 | |
Raymond Watt II Vice President | 0.75 | $0 | |
J Scott Watt Secretary | 0.75 | $0 | |
Kathleen M Watt Treasurer | 0.75 | $0 | |
Bambi A Watt Board Member | 0.75 | $0 | |
Andrew Jameson Board Member | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $474,677 |
| Interest on Savings | $371 |
| Dividends & Interest | $31,920 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$160,584 |
| Capital Gain Net Income | $191,366 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,578 |
| Total Revenue | $352,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,228 |
| Total operating and administrative expenses | $29,328 |
| Contributions, gifts, grants paid | $790,300 |
| Total expenses and disbursements | $819,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,516 |
| 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 | $1,610,250 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,162 |
| Total assets | $2,075,928 |
| 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, The Capstone Foundation has awarded $790,300 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION PURPOSE: CHRISTIAN MINISTRIES | $5,000 |
BEVERLY HILLS PRESBYTERIAN CHURCH PURPOSE: CHRISTIAN MINISTRY | $5,000 |
BRENTWOOD SCHOOL PURPOSE: EDUCATION | $10,300 |
CALTHORP SCHOOL PURPOSE: EDUCATION | $7,500 |
CAPITOL MINISTRIES PURPOSE: CHRISTIAN MINISTRY | $95,000 |
CEDARS SINAI PURPOSE: MEDICAL RESEARCH | $25,000 |