Wasserman Foundation
- Assets
- $124.8m
- Revenue
- $5.5m
- Investments
- $122.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1957
- Data as of
- 12/2023
- 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. Wasserman 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, Wasserman Foundation generated $5.5m 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 (5.8%) each year. All expenses for the organization totaled $15.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Wasserman Foundation has awarded 727 individual grants totaling $62,704,181. 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 |
|---|---|---|---|
Casey Wasserman President/trustee | 2 | $0 | |
Steve Guise Secretary | 0 | $0 | |
Ryan Berenson CFO | 2 | $0 | |
Mike Watts Trustee | 0 | $0 | |
Charles Paul Trustee | 0 | $0 | |
Rica Rodman Executive Director | 40 | $340,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Willard Street Partners | 12/30/23 | $415,000 |
Jp Morgan | 12/30/23 | $129,424 |
Bdt Capital | 12/30/23 | $499,988 |
Points Of Light Foundation | 12/30/23 | $240,095 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,153,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,375,055 |
| Capital Gain Net Income | $3,690,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,528,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $515,000 |
| Pension plans, employee benefits | $28,454 |
| Interest | $0 |
| Taxes | $49,956 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,582 |
| Printing and publications | $0 |
| Other expenses | $378,197 |
| Total operating and administrative expenses | $2,235,214 |
| Contributions, gifts, grants paid | $13,598,144 |
| Total expenses and disbursements | $15,833,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776,236 |
| Savings and temporary cash investments | $1,765,538 |
| 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 | $61,283,361 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $70,000 |
| Total assets | $124,839,898 |
| 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 $13,598,144 in support to 197 organizations.
| Grant Recipient | Amount |
|---|---|
42 ANALYTICS EDUCATIONAL INC PURPOSE: MIT SLOAN ANALYTICS CONFERENCE | $60,000 |
A LITTLE RESCUE PURPOSE: FUNRAISER | $10,000 |
ACADEMY MUSEUM FOUNDATION PURPOSE: GENERAL SUPPORT | $250,000 |
A BROADERWAY FOUNDATION PURPOSE: 2023 EVENT | $10,000 |
ACTIVE CULTURES PURPOSE: WINTER BENEFIT | $5,000 |
ADVOCATES FOR CHILDREN OF NEW YORK PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |