White House Fellows Foundation
- Assets
- $11.8m
- Revenue
- $837.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 12/1969
- Data as of
- 08/2023
- EIN
- 23-7046811
Organization Overview
White House Fellows Foundation is located in Washington, DC. The organization was established in 1969. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 08/2023, White House Fellows Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White House Fellows 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 08/2023, White House Fellows Foundation generated $837.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE WHITE HOUSE FELLOWS EDUCATIONAL AND OUTREACH PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WHFFA ORGANIZES AN ANNUAL MEETING AND OTHER ACTIVITIES FOR PROGRAM ALUMNI TO MAINTAIN AND BROADEN ITS MEMBERS' UNDERSTANDING OF GOVERNMENT AND THE PROBLEMS CONFRONTING GOVERNMENT, TO ENCOURAGE AND FACILITATE THEIR CONTRIBUTION TO PUBLIC SERVICE AND THE EDUCATION OF THE PUBLIC AT LARGE WITH RESPECT TO SUCH PROBLEMS AND THEIR POSSIBLE CAUSES AND SOLUTIONS, AND TO PROVIDE CONTINUING CONTACTS AMONG PAST AND CURRENT WHITE HOUSE FELLOWS.
THE PROGRAM SERVICE ACTIVITIES INCLUDE SUPPORT OF THE EDUCATION PROGRAM FOR THE CURRENT CLASS OF WHITE HOUSE FELLOWS MEETINGS WITH LEADERS FROM ALL WALKS OF SOCIETY, INCLUDING RECRUITING EFFORTS FOR THE PROGRAM. THE PROGRAM SERVICE ACTIVITIES CONSIST OF 100-150 MEETINGS OF 11-19 WHITE HOUSE FELLOWS WITH LEADERS OF GOVERNMENT AND INDUSTRY DURING THEIR FELLOWSHIP. THE FOUNDATION PAYS FOR A PORTION OF THE SEMINAR COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Cara Lapointe Immediate Past President | OfficerTrustee | 2 | $0 |
Dr Susan Yoshihara Director | Trustee | 2 | $0 |
Kevin N Monroe Treasurer | OfficerTrustee | 2 | $0 |
Marc Thomas President | OfficerTrustee | 2 | $0 |
Merrie Spaeth Director | Trustee | 2 | $0 |
Sharon Kiely Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counseling Service Capital Campaign | 8/30/16 | $360,000 |
Federal City Caterers Catering | 8/30/16 | $147,310 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,404 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $324,481 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $358,885 |
| Total Program Service Revenue | $297,507 |
| Investment income | $266,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$85,631 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $837,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,000 |
| 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. | $274,000 |
| Compensation of current officers, directors, key employees. | $38,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,133 |
| Pension plan accruals and contributions | $1,197 |
| Other employee benefits | $0 |
| Payroll taxes | $22,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,000 |
| Fees for services: Other | $1,750 |
| Advertising and promotion | $4,188 |
| Office expenses | $2,450 |
| Information technology | $30,222 |
| Royalties | $0 |
| Occupancy | $600 |
| Travel | $4,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $486,285 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,340 |
| Insurance | $9,139 |
| All other expenses | $11,379 |
| Total functional expenses | $1,195,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,160 |
| Pledges and grants receivable | $368,832 |
| 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 | $1,800 |
| Prepaid expenses and deferred charges | $113,587 |
| Net Land, buildings, and equipment | $9,907 |
| Investments—publicly traded securities | $11,250,133 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,800 |
| Total assets | $11,834,219 |
| Accounts payable and accrued expenses | $85,593 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $88,593 |
| Net assets without donor restrictions | $10,812,648 |
| Net assets with donor restrictions | $932,978 |
| 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 | $11,834,219 |