The Wilhelm And Karl Maybach Foundation
- Assets
- $2.5m
- Revenue
- $249.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/2005
- Data as of
- 12/2021
- 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 12/2021, Wilhelm And Karl Maybach Foundation generated $249.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.0%) each year. All expenses for the organization totaled $261.8k during the year ending 12/2021. 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
MENTORINGWILHELM MAYBACH WAS AN ORPHAN. HE OWED MUCH OF HIS SUCCESS TO THE SUPPORT AND MENTORING HE RECEIVED FROM OTHERS. EQUALLY, WILHELMS SON CARL WAS INSTRUMENTAL IN DEVELOPING THE DUAL TRACK EDUCATIONAL SYSTEM THAT PAIRED ACADEMIC LEARNING WITH HANDS ON APPRENTICESHIP PROGRAMS WHICH IS NOW THE BEDROCK OF THE GERMAN EDUCATIONAL SYSTEM.THE FOUNDATION ACTIVELY SUPPORTS MENTORING, BY EDUCATING AND ENCOURAGING THOSE IN POSITIONS OF EXPERTISE, TO ENGAGE IN THE MENTORING OF PROMISING INDIVIDUALS, WHO WOULD BENEFIT FROM THEIR SUBJECT MATTER KNOWLEDGE, INTERNSHIPS AND NETWORK.TRAIN RESTORATIONCONSISTENT WITH THE FOUNDATIONS PURPOSE, WHICH INCLUDES SCIENTIFIC AND EDUCATIONAL, AND TO HONOR ITS HERITAGE, THE FOUNDATION BEGAN AN IMPORTANT TRAIN RESTORATION PROJECT IN GERMANY. IT ARISES FROM SHOWCASING THE EARLY WORK OF WILHELM AND KARL MAYBACH, WHO WERE DRIVEN BY THEIR RESEARCH THAT PUSHED PAST THE LIMITS OF WHAT WAS FEASIBLE OR PRACTICABLE, AND PROVIDING IMPORTANT EDUCATIONAL OPPORTUNITIES. TH
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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 |
|---|---|---|
Basler International Consulting Llc | 12/30/20 | $173,691 |
Brightline Consulting Llc | 12/30/20 | $68,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $2,503 |
| Dividends & Interest | $37,384 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $176,152 |
| Capital Gain Net Income | $176,152 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32,832 |
| Total Revenue | $249,371 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,860 |
| Depreciation | $381 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,434 |
| Printing and publications | $0 |
| Other expenses | $61,967 |
| Total operating and administrative expenses | $261,807 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $261,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,830 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $58,835 |
| 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 | $130,366 |
| Net Land, buildings, and equipment | $133,196 |
| Other assets | $347,516 |
| Total assets | $2,528,335 |
| Accounts payable and accrued expenses | $65,230 |
| 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 | $65,230 |
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 |
|---|---|
AMANDA LABELLE PURPOSE: SUSTAINABLE FISHING RESEARCH | $8,000 |
TESSA J TRICKS PURPOSE: SUSTAINABLE FOOD RESEARCH | $3,000 |
HAAS SCHOOL OF BUSINESS ALUMNI RELA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cityserve Network Bakersfield, CA | $4,069,087 | $94,473,161 |
Movement Strategy Center Oakland, CA | $26,305,991 | $30,747,629 |
Casa De Los Ninos Inc Tucson, AZ | $25,293,755 | $23,382,073 |
Woodcraft Rangers Los Angeles, CA | $7,179,034 | $18,872,695 |
Californians Dedicated To Education Foundation San Francisco, CA | $5,632,923 | $12,853,124 |
Coalition For Responsible Community Development Los Angeles, CA | $20,510,086 | $22,552,371 |
Young Community Developers San Francisco, CA | $10,175,438 | $17,514,811 |
Community Youth Center Of San Francisco San Francisco, CA | $17,880,445 | $17,282,098 |
Kupu Honolulu, HI | $10,299,309 | $11,230,476 |
Kids Unlimited Of Oregon Medford, OR | $20,008,929 | $11,933,756 |
Hunters Point Family San Francisco, CA | $3,079,045 | $12,434,856 |
Alliance For A Healthier Generation Inc Portland, OR | $19,826,978 | $16,732,492 |