Wyss Foundation
- Assets
- $1.8b
- Revenue
- $55.2m
- Investments
- $1.3b
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 25-1823874
Organization Overview
Wyss Foundation is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyss 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, Wyss Foundation generated $55.2m 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 (10.2%) each year. All expenses for the organization totaled $180.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hansjoerg Wyss Chairman | 8 | $0 | |
Joseph Fisher Treasurer | 10 | $0 | |
Molly Mcusic President & Director | 40 | $509,133 | |
Mary Killingsworth Vice President | 40 | $515,529 | |
Patricia Kohl Davis Secretary / CFO | 40 | $161,058 | |
Robert Bland Director | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Strategy Group Llc | 12/30/22 | $346,905 |
Elias Law Group | 12/30/22 | $61,251 |
Elias Law Group | 12/30/22 | $0 |
Global Strategy Group Llc | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,446,267 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,400,055 |
| Capital Gain Net Income | $23,639,317 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,620,625 |
| Total Revenue | $55,225,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,185,720 |
| Other employee salaries and wages | $2,093,485 |
| Pension plans, employee benefits | $575,041 |
| Interest | $891,643 |
| Taxes | $1,097,515 |
| Depreciation | $514,168 |
| Occupancy | $277,336 |
| Travel, conferences, and meetings | $412,995 |
| Printing and publications | $0 |
| Other expenses | $9,570,239 |
| Total operating and administrative expenses | $16,701,321 |
| Contributions, gifts, grants paid | $163,338,595 |
| Total expenses and disbursements | $180,039,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,579 |
| Savings and temporary cash investments | $441,878,105 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $868,385,576 |
| Net Land, buildings, and equipment | $17,050,804 |
| Other assets | $67,323,559 |
| Total assets | $1,835,101,160 |
| Accounts payable and accrued expenses | $336,991 |
| 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 | $336,991 |