Wasserman Foundation
- Assets
- $142.9m
- Revenue
- $7.5m
- Investments
- $139.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1957
- Data as of
- 12/2019
- EIN
- 95-6038762
Organization Overview
Wasserman Foundation is located in Los Angeles, CA. The organization was established in 1957. 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.
For the year ending 12/2019, Wasserman Foundation generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $16.0m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Wasserman Foundation has awarded 172 individual grants totaling $13,934,023. 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 |
|---|---|---|---|
Rica Rodman Executive Director | 40 | $297,000 | |
Andrew Schwandt Accounting Manager | 40 | $96,550 | |
Mike Watts Trustee | 0 | $0 | |
Ryan Berenson CFO | 2 | $0 | |
Casey Wasserman President/trustee | 2 | $0 | |
Charles Paul Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdt Capital | 12/30/19 | $428,605 |
Willard Street Partners | 12/30/19 | $300,838 |
Jp Morgan | 12/30/19 | $393,734 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,024,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,424,588 |
| Capital Gain Net Income | $5,016,385 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,377 |
| Total Revenue | $7,451,130 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $442,050 |
| Pension plans, employee benefits | $14,922 |
| Interest | $0 |
| Taxes | $119,079 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,518 |
| Printing and publications | $0 |
| Other expenses | $182,651 |
| Total operating and administrative expenses | $2,090,389 |
| Contributions, gifts, grants paid | $13,934,023 |
| Total expenses and disbursements | $16,024,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $726,140 |
| Savings and temporary cash investments | $2,138,692 |
| 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 | $46,973,533 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $100,000 |
| Total assets | $142,881,526 |
| 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, Wasserman Foundation has awarded $13,934,023 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: ATHLETICS CAPITAL PROJECT | $2,000,000 |
Los Angeles, CA PURPOSE: PAULEY PAVILION | $1,500,000 |
Los Angeles, CA PURPOSE: PARTNERSHIP WATTS SCHOOLS | $1,000,000 |
Los Angeles, CA PURPOSE: THEN NOW FOREVER UCLA FOOTBALL FUND | $1,000,000 |
Woodland Hills, CA PURPOSE: MPTF CAMPAIGN | $700,000 |
FRIENDS OF THE IDF PURPOSE: OUTDOOR ATHLETIC CENTER | $525,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia G Piper Charitable Trust 08-11-95 Phoenix, AZ | $0 | $20,303,134 |
The David Geffen Foundation Los Angeles, CA | $561,463,212 | $85,583,701 |
California Physicians Service Foundation San Francisco, CA | $102,893,620 | $51,076,766 |
Stupski Foundation San Francisco, CA | $238,777,806 | $15,248,358 |
Evelyn And Walter Haas Jr Fund San Francisco, CA | $462,643,905 | $31,303,039 |
Intel Foundation Hillsboro, OR | $82,014,242 | $105,153,500 |
Hellman Foundation San Francisco, CA | $599,776,982 | $80,673,426 |
Arnold And Mabel Beckman Foundation Irvine, CA | $611,277,118 | $21,295,161 |
Dunaway Foundation La Jolla, CA | $36,340,175 | $7,416,577 |
Skip Viragh Foundation Inc Reno, NV | $264,566,460 | $12,157,896 |
Ralph M Parsons Foundation Los Angeles, CA | $397,220,867 | $29,731,330 |
Sunlight Giving Palo Alto, CA | $484,237,387 | $29,821,285 |