Whole Planet Foundation
- Assets
- $10.6m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-2376273
Organization Overview
Whole Planet Foundation is located in Austin, TX. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whole Planet 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, Whole Planet Foundation generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IDENTIFIES AND PARTNERS WITH EXISTING CHARITABLE ORGANIZATIONS THAT MANAGE MICRO-CREDIT PROJECTS TO HELP FAMILIES ESCAPE POVERTY BY PROVIDING ACCESS TO
CAPITAL THAT THEY CAN USE TO START THEIR OWN SMALL BUSINESSES. FUNDS IN 2021 SUPPORTED AN EXPANSION OF THE MICROLENDING PROJECTS IN 78 COUNTRIES, INCLUDING
THE UNITED STATES, AND SPANNING MULTIPLE CONTINENTS INCLUDING AFRICA, ASIA, NORTH AMERICA, AND SOUTH AMERICA. AS OF DECEMEBER 31, 2021, OUR PROJECTS HAVE
FUNDED OVER 5,744,000 LOANS AND HAVE DISBURSED OVER $96 MILLION IN GRANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Sansone Chairman And President | 0 | $0 | |
Daniel Zoltani Treasurer | 0 | $0 | |
Joy Stoddard Secretary | 0 | $0 | |
Claire Kelly Program Manager | 40 | $107,768 | |
Lee Valkenaar Senior Principal Fou | 1 | $90,659 | |
Angela Lorenzen Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zoe So | 12/30/21 | $124,751 |
Stephanie Manciagli | 12/30/21 | $0 |
Stephanie Manciagli | 12/30/21 | $87,193 |
Zoe So | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,727,403 |
| Interest on Savings | $2,010 |
| Dividends & Interest | $96,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $375,824 |
| Capital Gain Net Income | $375,824 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $58 |
| Total Revenue | $6,202,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,371,718 |
| Pension plans, employee benefits | $296,098 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $60,152 |
| Travel, conferences, and meetings | $39,308 |
| Printing and publications | $0 |
| Other expenses | $207,474 |
| Total operating and administrative expenses | $2,124,692 |
| Contributions, gifts, grants paid | $5,876,077 |
| Total expenses and disbursements | $8,000,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,038,435 |
| Net Accounts receivable | $6,000 |
| Net Pledges Receivable | $3,980,078 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,560,089 |
| Total assets | $10,584,602 |
| Accounts payable and accrued expenses | $100,000 |
| 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 | $900,334 |
| Total liabilities | $1,000,334 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Whole Planet Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Naylor Family Foundation Elizabethtown, PA PURPOSE: DONATION FOR MICROLOAN PROGRAM | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |
Lubbock Economic Development Alliance Inc Lubbock, TX | $29,508,777 | $13,680,218 |
Northwest Arkansas Economic Development District Inc Harrison, AR | $3,285,809 | $5,390,544 |
Mcallen Economic Development Corporation Mcallen, TX | $25,789,547 | $5,490,638 |
Greater Brownsville Incentives Corporation Brownsville, TX | $32,068,237 | $6,507,551 |