Wescom Foundation
- Assets
- $285.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 06/2000
- Data as of
- 12/2023
- EIN
- 31-1709115
Organization Overview
Wescom Foundation is located in Pasadena, CA. The organization was established in 2000. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, 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. Wescom 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, Wescom Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 20.9% per year over the past 9 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.
Since 2015, Wescom Foundation has awarded 154 individual grants totaling $3,357,474. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP IMPROVE THE LIVES AND LIVING CONDITIONS OF ALL SOUTHERN CALIFORNIANS BY SUPPORTING NONPROFIT COMMUNITY ORGANIZATIONS THROUGH STRATEGIC GRANTMAKING AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL GRANTMAKING: A TOTAL OF $898,910 IN GRANT FUNDS WERE AWARDED TO A BROAD SPECTRUM OF NONPROFIT ORGANIZATIONS. A TOTAL OF $374,048 WAS AWARDED TO DISASTER RELIEF ORGANIZATIONS. ADDITIONALLY, WESCOM FOUNDATION'S GRANTMAKING FALLS GENERALLY INTO THE FOLLOWING CATEGORIES: HEALTH ($188,310), EDUCATION ($93,352), FINANCIAL WELLNESS ($86,200), SOCIAL JUSTICE ($50,000), ATHLETICS ($30,000), YOUTH SERVICES ($25,000), ANIMAL WELFARE ($16,000), COMMUNITY ($15,000), HUMAN SERVICES ($11,000), ENVIRONMENT ($7,000), AND HUMANITARIAN ASSISTANCE ($3,000). TOTAL GRANTS $898,910
CRITICAL HUMAN NEEDS: A TOTAL OF $237,790 IN GRANT FUNDS WERE AWARDED TO CRITICAL HUMAN NEEDS NONPROFIT ORGANIZATIONS. WHICH INCLUDES UNION STATION HOMELESS SERVICES ($45,000), LOS ANGELES REGIONAL FOOD BANK ($30,135), FEEDING AMERICA RIVERSIDE SAN BERNARDINO ($29,135), SECOND HARVEST FOOD BANK OF ORANGE COUNTY ($29,135), FOOD SHARE OF VENTURA COUNTY ($27,135), MEND ($24,750), HOUSE OF RUTH INC ($21,750), THOMAS HOUSE TEMPORARY SHELTER ($21,750), ANGEL HANZ FOR THE HOMELESS ($1,000), COVENANT HOUSE CALIFORNIA ($1,000), FOOD EXPLORATION AND DISCOVERY ($1,000), HABITAT FOR HUMANITY OF VENTURA COUNTY ($1,000), LOS ANGLES MISSION ($1,000), MY TRIBE HOUSING ($1,000), ORANGE COUNTY RESCUE MISSION ($1,000), RIVERSIDE MEALS ON WHEELS ($1,000), AND WESTSIDE FOOD BANK ($1,000). TOTAL GRANTS $237,790
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail Ruiz Director | Trustee | 0.5 | $0 |
Adriana Welch Director | Trustee | 0.5 | $0 |
Dan Moore Director | Trustee | 0.5 | $0 |
Jaanvi Parkhani Director | Trustee | 0.5 | $0 |
Jennifer Foyer Treasurer | Trustee | 1.5 | $0 |
Jennifer Jeske Vice-Chair Person | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $576,949 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,102,306 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,102,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,136,700 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,136,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,590 |
| Savings and temporary cash investments | $2,001 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $285,591 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $285,591 |
| Total liabilities and net assets/fund balances | $285,591 |
Grants Awarded
Over the last fiscal year, Wescom Foundation has awarded $1,018,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS MIRACLE NETWORK PURPOSE: OUR MISSION IS TO INCREASE FUNDS AND AWARENESS FOR YOUR LOCAL CHILDREN'S HOSPITAL AND OTHER CHILDRENS MIRACLE NETWORK HOSPITALS. | $128,840 |
MAUI FOOD BANK PURPOSE: MAUI FOOD BANKS MISSION IS TO HELP THE HUNGRY IN MAUI COUNTY BY COLLECTING AND DISTRIBUTING FOOD THROUGH COMMUNITY PARTNERSHIPS. | $76,961 |
HAWAII COMMUNITY FOUNDATION PURPOSE: WE INSPIRE GENEROSITY, ADVOCATE FOR EQUITY, FORGE CONNECTIONS AND INVEST IN COMMUNITY TO CREATE A BETTER HAWAII. | $76,961 |
THE UCLA FOUNDATION PURPOSE: ACTIVELY PROMOTING PHILANTHROPY AND MANAGING DONATED RESOURCES FOR THE ADVANCEMENT OF UCLA. | $58,250 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: THE MISSION OF THE IRC IS TO HELP PEOPLE WHOSE LIVES AND LIVELIHOODS ARE SHATTERED BY CONFLICT AND DISASTER TO SURVIVE, RECOVER AND GAIN CONTROL OF THEIR FUTURE. | $46,055 |
INTERNATIONAL COMMITTEE OF THE RED CROSS PURPOSE: THE WORK OF THE ICRC IS BASED ON THE GENEVA CONVENTIONS OF 1949, THEIR ADDITIONAL PROTOCOLS, ITS STATUTES AND THOSE OF THE INTERNATIONAL RED CROSS AND RED CRESCENT MOVEMENT AND THE RESOLUTIONS OF THE INTERNATIONAL CONFERENCES OF THE RED CROSS AND RED CRESCENT. THE ICRC IS AN INDEPENDENT, NEUTRAL ORGANIZATION ENSURING HUMANITARIAN PROTECTION AND ASSISTANCE FOR VICTIMS OF ARMED CONFLICT AND OTHER SITUATIONS OF VIOLENCE. IT TAKES ACTION IN RESPONSE TO EMERGENCIES AND AT THE SAME TIME PROMOTES RESPECT FOR INTERNATIONAL HUMANITARIAN LAW AND ITS IMPLEMENTATION IN NATIONAL LAW. | $46,055 |