Wclp Endowment Foundation
- Assets
- $3.9m
- Revenue
- $90.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 20-2437819
Organization Overview
Wclp Endowment Foundation is located in Los Angeles, CA. The organization was established in 2006. According to its NTEE Classification (R11) the organization is classified as: Single Organization Support, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wclp Endowment 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 12/2022, Wclp Endowment Foundation generated $90.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $180.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT WESTERN CENTER ON LAW AND POVERTY, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A SUPPORTING ORGANIZATION TO WCLP, AND DRIVEN BY THE BELIEF THAT LOW-INCOME CALIFORNIANS DESERVE THE FINEST POSSIBLE LEGAL REPRESENTATION BEFORE EVERY INSTITUTION THAT SHAPES THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard J Steinberg Secretary/treasurer | OfficerTrustee | 0.2 | $0 |
Steve Atlee Board Member | Trustee | 0.2 | $0 |
Grace Carter Board Member | Trustee | 0.2 | $0 |
Pegine E Grayson Board Member | Trustee | 0.2 | $0 |
Dale Nelson Board Member | Trustee | 0.2 | $0 |
Larry Title Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $90,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $180,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $104 |
| Total functional expenses | $180,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706 |
| Savings and temporary cash investments | $38 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,875,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,875,808 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,875,808 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,875,808 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heising-Simons Action Fund Los Altos, CA | $5,939,767 | $18,250,554 |
Californians For Affordable And Reliable Energy - Care San Rafael, CA | $332,364 | $8,844,661 |
Justice At Last Inc San Carlos, CA | $819,055 | $1,595,584 |
Stand Up 4 Nurses San Francisco, CA | $14,821 | $500,000 |
Young Americans Against Socialism Los Angeles, CA | $185,439 | $309,201 |
Wclp Endowment Foundation Los Angeles, CA | $3,875,808 | $90,260 |
Siderman Family Foundation Las Vegas, NV | $72,195 | $167,070 |
Shays Warriors Palm Desert, CA | $57,362 | $0 |
Prism Foundation Oakland, CA | $120,222 | $0 |
Kasem Cares Inc Encino, CA | $10,276 | $0 |
Howard Eikenberry Jenson Lectures On Sociology & Social Action Tr Ua Las Vegas, NV | $368,036 | $13,539 |
Moving Forward Together Pearl City, HI | $255,690 | $0 |
Nevada Firearms Coalition Foundation N Las Vegas, NV | $45,604 | $0 |
Solano Probation Peace Officer Association Scholarship Committee Fairfield, CA | $0 | $0 |