The California Wellness Foundation
- Assets
- $1.0b
- Revenue
- $50.5m
- Investments
- $1.0b
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1991
- Data as of
- 12/2019
- EIN
- 95-4292101
Organization Overview
The California Wellness Foundation is located in Los Angeles, CA. The organization was established in 1991. According to its NTEE Classification (T21) the organization is classified as: Corporate 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.
For the year ending 12/2019, California Wellness Foundation generated $50.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $51.7m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, California Wellness Foundation has awarded 2,910 individual grants totaling $244,619,662. 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 |
|---|---|---|---|
Judy Belk President & CEO | 50 | $620,016 | |
Richard Tate VP Of Public Affairs | 50 | $296,226 | |
Margaret Minnich CFO (left 2019) | 50 | $295,045 | |
Fatima Angeles VP Of Programs | 50 | $290,989 | |
Arun Baheti VP Of Operations | 50 | $259,769 | |
Rochelle Witharana CFO (began 2019) | 50 | $220,576 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Angeles Investment Advisors Llc | 12/30/19 | $392,512 |
Cambridge Associates | 12/30/19 | $225,000 |
Sullivan Cotter And Associates Inc | 12/30/19 | $122,788 |
Arrowstreet Capital Lp | 12/30/19 | $109,046 |
Rodriguez Horii Choi & Cafferata Llp | 12/30/19 | $107,107 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45,667 |
| Dividends & Interest | $16,360,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,089,915 |
| Capital Gain Net Income | $38,874,441 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,496,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,705,438 |
| Other employee salaries and wages | $3,796,832 |
| Pension plans, employee benefits | $1,871,564 |
| Interest | $0 |
| Taxes | $2,411,300 |
| Depreciation | $710,499 |
| Occupancy | $1,065,276 |
| Travel, conferences, and meetings | $621,501 |
| Printing and publications | $15,513 |
| Other expenses | $1,006,151 |
| Total operating and administrative expenses | $17,459,626 |
| Contributions, gifts, grants paid | $34,281,344 |
| Total expenses and disbursements | $51,740,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,944 |
| Savings and temporary cash investments | $4,331,120 |
| 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 | $2,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $735,496 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $163,764,184 |
| Net Land, buildings, and equipment | $4,662,627 |
| Other assets | $4,153,041 |
| Total assets | $1,019,755,165 |
| Accounts payable and accrued expenses | $1,469,067 |
| Grants payable | $1,004,750 |
| Deferred revenue | $2,154,867 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,049,649 |
| Total liabilities | $12,678,333 |
Grants Awarded
Over the last fiscal year, The California Wellness Foundation has awarded $36,658,144 in support to 482 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: FOR CORE OPERATING SUPPORT TO CONTINUE TO ENGAGE LOW-INCOME COMMUNITIES OF COLOR IN CALIFORNIA IN INTEGRATED CIVIC ENGAGEMENT EFFORTS ADVANCING EQUITY IN HEALTH CARE, IMMIGRATION, ECONOMIC POLICY AND CRIMINAL JUSTICE. | $800,000 |
Sacramento, CA PURPOSE: FOR CORE OPERATING SUPPORT FOR POLICY ADVOCACY AND ORGANIZING EFFORTS TO INCREASE ACCESS TO HEALTH CARE COVERAGE IN CALIFORNIA. | $800,000 |
Los Angeles, CA PURPOSE: FOR PROJECT SUPPORT OF THE GET OUT THE COUNT CAMPAIGN FOR THE 2020 CENSUS IN LOS ANGELES COUNTY TO IMPROVE HEALTH IN CALIFORNIA. | $600,000 |
Sacramento, CA PURPOSE: FOR CORE OPERATING SUPPORT TO CONTINUE ITS FISCAL AND POLICY ANALYSIS AND PUBLIC EDUCATION TO INFORM HEALTH-RELATED POLICY AND BUDGET DECISIONS IN CALIFORNIA. | $600,000 |
FAITH IN ACTION NETWORK PURPOSE: FOR PROJECT SUPPORT FOR PICO CALIFORNIA'S STATEWIDE MILLION VOTERS PROJECT FOR STRATEGIC COMMUNICATION AND A NONPARTISAN PUBLIC EDUCATION INITIATIVE TO ENGAGE PEOPLE OF COLOR AND LOW-INCOME COMMUNITIES IN LONG-TERM STRUCTURAL REFORMS THAT FOCUS ON EQUITY | $600,000 |
Oakland, CA PURPOSE: FOR PROJECT SUPPORT FOR A DESIGNATED FUND FOR WORLD TO LEAD A COLLABORATIVE DEMONSTRATION PROJECT PROVIDING INTEGRATED PREVENTION AND EARLY INTERVENTION SERVICES FOR WOMEN OF COLOR AT RISK FOR HIV, AIDS AND STIS IN ALAMEDA COUNTY. | $599,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The California Wellness Foundation Los Angeles, CA | $1,019,755,165 | $50,496,420 |
Ford Family Foundation Roseburg, OR | $968,675,925 | $30,615,331 |
Meyer Memorial Trust Portland, OR | $740,042,961 | $92,282,031 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $99,390,789 | $10,905,334 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $10,569,953 | $10,116,470 |
Colburn Music Fund Los Angeles, CA | $0 | $1,827,507 |
Herbalife Nutrtion Foundation Los Angeles, CA | $12,904,700 | $4,767,159 |
Kla-Tencor Foundation Milpitas, CA | $27,951,327 | $8,476,259 |
Frederick Gardner Cottrell Foundation Tucson, AZ | $51,564,715 | $11,154,134 |
Walter J & Betty C Zable Foundation San Diego, CA | $0 | $3,783,752 |
Harman Family Foundation Los Angeles, CA | $38,212,766 | $3,645,376 |
Kabcenell Family Foundation Portola Valley, CA | $21,668,470 | $1,693,426 |