The Wilhelm And Karl Maybach Foundation
- Assets
- $5.8m
- Revenue
- $5.3m
- Investments
- $5.4m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 20-3534578
Organization Overview
The Wilhelm And Karl Maybach Foundation is located in San Francisco, CA. The organization was established in 2005. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilhelm And Karl Maybach 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, Wilhelm And Karl Maybach Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $923.1k during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORINGTHE FOUNDATION HAS DEVELOPED A MENTORING COMPENDIUM THAT HELPS MENTORS HAVE A POSITIVE IMPACT ON ANOTHER PERSONS LIFE. THE COMPENDIUM CONSISTS OF 5 SHORT LESSONS, OR MODULES, THAT EXPLAIN VARIOUS CONCEPTS, TECHNIQUES, AND IDEAS THAT ARE IMPORTANT TO UNDERSTAND BEFORE ENTERING INTO A MENTORING RELATIONSHIP. THE MODULES ARE TO PROVIDE A PRACTICAL HANDS-ON APPROACH, WITH CHECKLISTS, CASE STUDIES AND OTHER MATERIALS. THE FOUNDATION IS WORKING ON A DEVELOPING A SOFTWARE PLATFORM TO EXPAND THE NUMBER OF PEOPLE THAT CAN BE POSITIVELY IMPACTED BY MENTORING.TRAIN RESTORATIONTHE FOUNDATION HAD BEEN ENGAGED WITH AN IMPORTANT TRAIN RESTORATION PROJECT IN GERMANY OVER SEVERAL YEARS. THE FOUNDATION PARTNERED WITH A CLUB OF MAYBACH ENGINE ENTHUSIASTS TO TAKE THE LEAD ON THIS PROJECT. AFTER PROVIDING SUPPORT FOR THIS RESTORATION, THE CLUB WILL COMPLETE THE PROJECT, AS THE FOUNDATION RETURNS TO ITS ORIGINAL ROOTS OF FACILITATING MENTORSHIP CONNECTIONS.MUSEUM PROJECTIN ADDITION TO THE TRAIN RES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irmgard Schmid-Maybach Director | 5 | $0 | |
Ulrich Schmid-Maybach President | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brightline Consulting | 12/30/22 | $63,568 |
Basler International Consulting Llc | 12/30/22 | $136,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,177,342 |
| Interest on Savings | $1,798 |
| Dividends & Interest | $88,666 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,973 |
| Capital Gain Net Income | $101,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,612 |
| Total Revenue | $5,263,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,257 |
| Depreciation | $119 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $47,564 |
| Printing and publications | $0 |
| Other expenses | $534,218 |
| Total operating and administrative expenses | $923,062 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $923,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,318 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $20,777 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $68,438 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,200 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,770,362 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $143,479 |
| Total assets | $5,770,840 |
| Accounts payable and accrued expenses | $65,657 |
| 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 | $65,657 |
Grants Awarded
Over the last fiscal year, The Wilhelm And Karl Maybach Foundation has awarded $11,045 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TESSA J TRICKS PURPOSE: SUSTAINABLE FOOD RESEARCH | $3,000 |
AMANDA LABELLE PURPOSE: SUSTAINABLE FISHING RESEARCH | $8,000 |
HAAS SCHOOL OF BUSINESS ALUMNI RELA PURPOSE: GENERAL SUPPORT | $45 |