Wallis Annenberg Legacy Foundation
- Assets
- $306.5m
- Revenue
- $171.8m
- Investments
- $271.2m
- Employees
- 0
- Location
- Playa Vista, CA
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 45-2964080
Organization Overview
Wallis Annenberg Legacy Foundation is located in Playa Vista, CA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wallis Annenberg Legacy 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, Wallis Annenberg Legacy Foundation generated $171.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $15.2m during the year ending 12/2023. While expenses have increased by 20.0% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WALLIS ANNENBERG PETSPACE OFFERS A VARIETY OF EDUCATIONAL ACTIVITIES AND CLASSES DESIGNED TO FOSTER THE HUMAN-ANIMAL BOND, INCLUDING WORKSHOPS, LECTURES, DEMONSTRATIONS, AND ADOPTION EVENTS, AND RUNS AN ON-SITE HEALTH CENTER WITH A VETERINARY CLINIC, SURGICAL SUITE, AND ANIMAL REHABILITATION CENTER. PETSPACE IS WORKING CLOSELY TO HELP ADDRESS THE OVERCROWDING CRISIS AT LOCAL LOS ANGELES SHELTERS BY PARTNERING WITH LOS ANGELES ANIMAL SERVICES AND LOS ANGELES COUNTY DEPARTMENT OF ANIMAL CARE AND CONTROL TO TRANSFER ANIMALS TO PETSPACE FOR A MEDICAL EVALUATION, BEHAVIORAL ASSESSMENT, AND POTENTIAL ADOPTION PLACEMENT. PETSPACE IS COMMITTED TO AN OPEN ADOPTION PROCESS, AND IN 2023 WE PROCESSED 789 ADOPTIONS, PLACING ANIMALS IN LOVING HOMES.PETSPACE ALSO RUNS A LEADERSHIP INSTITUTE TO PROMOTE AND SERVE AS A PLATFORM FOR MULTI-DISCIPLINARY SCHOLARSHIP, GATHERINGS TO DISCUSS DOMESTIC ANIMAL PUBLIC POLICY, ACADEMIC RESEARCH PARTNERSHIPS, AND EDUCATIONAL CURRICULA.
AT GENSPACE, WE OFFER A DYNAMIC WEEKLY SCHEDULE OF 35-45 EDUCATIONAL CLASSES, INCLUDING RECURRING SESSIONS, SHORT SERIES, AND ONE-TIME EVENTS, TAILORED TO THE DIVERSE INTERESTS OF OUR MEMBERS. WE REVIEW OUR CLASS LINEUP QUARTERLY, USING DATA AND STAFF FEEDBACK TO ENSURE RELEVANCE AND INNOVATION, EVALUATING CLASSES FOR RETENTION, IMPROVEMENT, OR REPLACEMENT. OUR EDUCATIONAL PROGRAMMING, STRUCTURED INTO SIX KEY CATEGORIES, PROMOTES HEALTHFUL LONGEVITY AND PERSONAL DEVELOPMENT. IN 2023, WE AVERAGED 184 MONTHLY MEMBERS, PEAKING AT 218 IN DECEMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wallis Annenberg Dir/chair/pres/ceo | 5 | $0 | |
Cynthia Kennard Dir/vp/cfo/treasurer | 8 | $0 | |
David Ulich Director/secretary | 5 | $0 | |
David Bohnett Director | 1 | $0 | |
Adrienne Green Director | 1 | $0 | |
Jennifer Wong Director Of Genspace | 37.5 | $219,782 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Slay Events | 12/30/23 | $587,893 |
Merrill Private Wealth Management | 12/30/23 | $565,661 |
Sheppard Mullin Richter & Hampton Llp | 12/30/23 | $511,716 |
Propper Daily | 12/30/23 | $150,672 |
Wski Inc | 12/30/23 | $64,513 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $158,021,621 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,258,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,256,881 |
| Capital Gain Net Income | $5,256,881 |
| Net ST Capital Gain | $656,997 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $19,225 |
| Other Income | $270,846 |
| Total Revenue | $171,827,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,216,483 |
| Pension plans, employee benefits | $1,319,329 |
| Interest | $0 |
| Taxes | $20,965 |
| Depreciation | $2,960,197 |
| Occupancy | $3,118,884 |
| Travel, conferences, and meetings | $145,916 |
| Printing and publications | $0 |
| Other expenses | $2,296,596 |
| Total operating and administrative expenses | $15,196,463 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $15,196,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,636,028 |
| Savings and temporary cash investments | $12,144,727 |
| Net Accounts receivable | $39,836 |
| 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 | $42,589 |
| Prepaid expenses and deferred charges | $425,015 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $134,362,897 |
| Net Land, buildings, and equipment | $13,019,796 |
| Other assets | $6,051,000 |
| Total assets | $306,547,943 |
| Accounts payable and accrued expenses | $449,500 |
| 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 | $8,639,932 |
| Total liabilities | $9,089,432 |