Wasserman Foundation
- Assets
- $159.4m
- Revenue
- $20.7m
- Investments
- $158.0m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/1957
- Data as of
- 12/2021
- 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 12/2021, Wasserman Foundation generated $20.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.8% each year . All expenses for the organization totaled $14.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Wasserman Foundation has awarded 389 individual grants totaling $36,898,630. 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 | $310,000 | |
Tracy Long Accountant | 40 | $82,000 | |
Steve Guise Secretary | 0 | $0 | |
Mike Watts Trustee | 0 | $0 | |
Casey Wasserman President/trustee | 2 | $0 | |
Ryan Berenson CFO | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centerview Capital | 12/30/21 | $77,776 |
Turner Impact Capital | 12/30/21 | $58,979 |
Bdt Capital | 12/30/21 | $505,820 |
Willard Street Partners | 12/30/21 | $300,000 |
Jp Morgan | 12/30/21 | $214,884 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,543,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,149,019 |
| Capital Gain Net Income | $13,578,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,692,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $449,986 |
| Pension plans, employee benefits | $21,627 |
| Interest | $0 |
| Taxes | $281,649 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,472 |
| Printing and publications | $0 |
| Other expenses | $314,035 |
| Total operating and administrative expenses | $2,464,217 |
| Contributions, gifts, grants paid | $12,102,595 |
| Total expenses and disbursements | $14,566,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,142 |
| Savings and temporary cash investments | $1,094,339 |
| 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 | $69,288,405 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $70,000 |
| Total assets | $159,400,991 |
| 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 $12,102,595 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
UCLA FOUNDATION PURPOSE: PAULEY PAVILION & ATHLETICS CAPITAL CAMPAIGN | $3,000,000 |
Los Angeles, CA PURPOSE: CHAMPION LA | $1,000,000 |
Los Angeles, CA PURPOSE: PARTNERSHIP WATTS SCHOOLS | $750,000 |
Little Rock, AR PURPOSE: GENERAL SUPPORT | $725,000 |
Woodland Hills, CA PURPOSE: MPTF CAMPAIGN | $700,000 |
UCLA FOUNDATION PURPOSE: WASSERMAN ENDOWED DEAN | $600,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |
Craig H Neilsen Foundation Encino, CA | $489,570,251 | $30,946,732 |
Prostate Cancer Foundation Santa Monica, CA | $62,542,873 | $53,016,750 |
L K Whittier Foundation Pasadena, CA | $0 | $1,423,590 |
Sunlight Giving Palo Alto, CA | $510,624,261 | $22,845,227 |
Ralph M Parsons Foundation Los Angeles, CA | $469,540,445 | $59,827,202 |
Aramont Charitable Foundation Los Angeles, CA | $20,309,665 | $851,850 |
Capital Group Companies Charitable Foundation Irvine, CA | $396,511,503 | $49,953,906 |
Vera R Campbell Foundation Los Angeles, CA | $7,174,886 | $467,590 |
Resnick Foundation Los Angeles, CA | $16,158,618 | $25,090,034 |