Watsi
- Assets
- $2.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 4
- Location
- San Francisco, CA
- Founding
- 08/2012
- Data as of
- 12/2022
- EIN
- 45-3236734
Organization Overview
Watsi is located in San Francisco, CA. The organization was established in 2012. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2022, Watsi employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watsi 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, Watsi generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Watsi has awarded 63 individual grants totaling $13,914,964. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WATSI, INC. IS A SAN FRANCISCO-BASED 501(C(3) NON-PROFIT ORGANIZATION THAT BUILDS TECHNOLOGY TO FINANCE HEALTHCARE FOR PATIENTS AROUND THE WORLD. CROWDFUNDING FOR HEALTHCARE IS DELIVERED TO PATIENTS THROUGH GLOBAL MEDICAL PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FROM SMALL-TOWN ILLINOIS TO RURAL UGANDA, WATSI CONNECTED THE WORLD AND CELEBRATED REACHING OUR 25,000TH PATIENT. WATSI HELPED PATIENTS ACCESS LIFE-CHANGING MEDICAL TREATMENT FOR MORE THAN 200 CONDITIONS. 237 WATSI VOLUNTEERS EDITED 3,855 PATIENT STORIES, SHARING 21,579 UPDATES WITH OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chase Adam Director | Trustee | 1 | $0 |
Margaret Cornelius Director | Trustee | 1 | $0 |
Grace Garey Director | Trustee | 1 | $0 |
Paul Hudnut Director | Trustee | 1 | $0 |
Dr Mahlet Kifle Habtemariam Director | Trustee | 1 | $0 |
Mackinnon Engen Executive Director | Officer | 40 | $133,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,551,492 |
| Noncash contributions included in lines 1a–1f | $32,430 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,588,745 |
| 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 | $1,588,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,230,730 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,308 |
| Compensation of current officers, directors, key employees. | $73,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,454 |
| Pension plan accruals and contributions | $11,766 |
| Other employee benefits | $46,721 |
| Payroll taxes | $21,401 |
| 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 | $62,529 |
| Advertising and promotion | $1,365 |
| Office expenses | $10,248 |
| Information technology | $13,631 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,523 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,277 |
| Insurance | $3,780 |
| All other expenses | $35,272 |
| Total functional expenses | $1,762,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,034,754 |
| Savings and temporary cash investments | $71,043 |
| Pledges and grants receivable | $20,620 |
| 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 | $5,383 |
| Net Land, buildings, and equipment | $3,491 |
| Investments—publicly traded securities | $4,559 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $38,204 |
| Other assets | $0 |
| Total assets | $2,178,054 |
| Accounts payable and accrued expenses | $4,684 |
| 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 | $125,084 |
| Other liabilities | $0 |
| Total liabilities | $129,768 |
| Net assets without donor restrictions | $1,173,203 |
| Net assets with donor restrictions | $875,083 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,178,054 |
Grants Awarded
Over the last fiscal year, Watsi has awarded $997,285 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN MISSION HEALTHCARE FOUNDATION PURPOSE: TO PROVIDE HEALTHCARE TO PEOPLE IN NEED AND WITHOUT THE ABILITY TO AFFORD IT THEMSELVES. | $589,740 |
HAITI CARDIAC ALLIANCE PURPOSE: TO PROVIDE HEALTHCARE TO PEOPLE IN NEED AND WITHOUT THE ABILITY TO AFFORD IT THEMSELVES. | $11,430 |
BURMA CHILDREN MEDICAL FUND PURPOSE: TO PROVIDE HEALTHCARE TO PEOPLE IN NEED AND WITHOUT THE ABILITY TO AFFORD IT THEMSELVES. | $124,091 |
CHILDRENS SURGICAL CENTRE PURPOSE: TO PROVIDE HEALTHCARE TO PEOPLE IN NEED AND WITHOUT THE ABILITY TO AFFORD IT THEMSELVES. | $270,833 |
WORLD ALTERING MEDICINE PURPOSE: TO PROVIDE HEALTHCARE TO PEOPLE IN NEED AND WITHOUT THE ABILITY TO AFFORD IT THEMSELVES. | $1,191 |