William Gumpert Foundation
- Assets
- $40.4m
- Revenue
- $861.4k
- Investments
- $39.6m
- Employees
- 0
- Location
- Encinitas, CA
- Founding
- 05/2009
- Data as of
- 12/2023
- EIN
- 26-6065762
Organization Overview
William Gumpert Foundation is located in Encinitas, CA. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. William Gumpert 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 12/2023, William Gumpert Foundation generated $861.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, William Gumpert Foundation has awarded 122 individual grants totaling $17,034,985. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cornsweet Director | 40 | $249,847 | |
Patrick Dempsey Director | 40 | $249,847 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $174 |
| Dividends & Interest | $472,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $388,812 |
| Capital Gain Net Income | $388,812 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $861,434 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $499,694 |
| Other employee salaries and wages | $36,000 |
| Pension plans, employee benefits | $116,656 |
| Interest | $0 |
| Taxes | $3,989 |
| Depreciation | $992 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,740 |
| Total operating and administrative expenses | $927,444 |
| Contributions, gifts, grants paid | $1,760,000 |
| Total expenses and disbursements | $2,687,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,585 |
| Savings and temporary cash investments | $571,345 |
| Net Accounts receivable | $2,979 |
| 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 | $19,149 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $39,631,336 |
| Net Land, buildings, and equipment | $1,239 |
| Other assets | $29,262 |
| Total assets | $40,441,895 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, William Gumpert Foundation has awarded $1,760,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP RONALD MCDONALD FOR GOOD TIMES PURPOSE: BETTER LIFE FOR KIDS WITH CANCER | $70,000 |
ANTI DEFAMATION LEAGUE PURPOSE: JUSTICE AND FAIR TREATMENT FOR ALL | $325,000 |
GUARDIANS OF SAN DIEGO PURPOSE: HOME FOR THE FRAIL AND ELDERLY | $70,000 |
HOSPICE OF THE NORTH COAST PURPOSE: CARE FOR THE TEMINALLY ILL AND THEIR FAMILY | $280,000 |
HAPPY TRAILS PURPOSE: AID TO CHILDREN WITH DISABILITIES | $70,000 |
KIDS INCLUDED TOGETHER PURPOSE: CHILDREN AND YOUTH PROGRAMS | $70,000 |