Wam Foundation Inc
- Assets
- $9.9m
- Revenue
- $8.7m
- Investments
- $3.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/2010
- Data as of
- 12/2022
- EIN
- 38-6888725
Organization Overview
Wam Foundation Inc is located in Boston, MA. The organization was established in 2010. 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. Wam Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Weiss Director, President | 1.5 | $0 | |
Paul Sherman Thru 72022 Director | 1.5 | $0 | |
Matt Rinaldi Director | 1.5 | $0 | |
Benjamin Kornfeld Effective 72022 Director | 1.5 | $0 | |
Daniel Bradford Vice President | 1.5 | $0 | |
Daniel Fu Vice President | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,701,660 |
| Interest on Savings | $29,569 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,731,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,799 |
| Printing and publications | $0 |
| Other expenses | $50,406 |
| Total operating and administrative expenses | $75,781 |
| Contributions, gifts, grants paid | $883,335 |
| Total expenses and disbursements | $959,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,895,111 |
| 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 | $3,000,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,750 |
| Total assets | $9,908,861 |
| 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, Wam Foundation Inc has awarded $883,335 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALIMA USA INC PURPOSE: GENERAL | $200,000 |
FRIENDS OF RAISING THE VILLAGE PURPOSE: GENERAL | $32,000 |
WAGENINGEN UNIVERSITY & RESEARCH PURPOSE: GENERAL | $306,954 |
POSSIBLE HEALTH (FORMERLY KNOWN AS NYAYA HEALTH) PURPOSE: GENERAL | $344,381 |