Waitt Foundation
- Assets
- $157.2m
- Revenue
- $6.0m
- Investments
- $149.2m
- Employees
- 0
- Location
- North Sioux City, SD
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 46-0428166
Organization Overview
Waitt Foundation is located in North Sioux City, SD. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waitt 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 12/2021, Waitt Foundation generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $11.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Waitt Foundation has awarded 467 individual grants totaling $47,360,318. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Grueskin Program Director | 40 | $185,706 | |
Cherie Prothro-Shea Managing Director | 40 | $173,944 | |
Tamara Marshall Operations Manager | 40 | $134,864 | |
Shayna Brody Media & Comms Direct | 40 | $103,507 | |
Jennifer Aadnes Administrative Assis | 40 | $96,433 | |
Canon Purdy Communications Speci | 40 | $75,713 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
La Jolla Llc | 12/30/21 | $173,610 |
Rsm Us Llp | 12/30/21 | $61,256 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,443 |
| Dividends & Interest | $2,389,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,540,663 |
| Capital Gain Net Income | $7,058,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $78,427 |
| Total Revenue | $6,009,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $205,595 |
| Other employee salaries and wages | $444,364 |
| Pension plans, employee benefits | $64,855 |
| Interest | $0 |
| Taxes | $110,264 |
| Depreciation | $52,700 |
| Occupancy | $179,876 |
| Travel, conferences, and meetings | $126,907 |
| Printing and publications | $0 |
| Other expenses | $156,799 |
| Total operating and administrative expenses | $2,189,700 |
| Contributions, gifts, grants paid | $8,879,416 |
| Total expenses and disbursements | $11,069,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,469 |
| Savings and temporary cash investments | $6,651,401 |
| 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 | $18,906 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $77,663,496 |
| Net Land, buildings, and equipment | $97,422 |
| Other assets | $1,006,771 |
| Total assets | $157,175,219 |
| Accounts payable and accrued expenses | $278,151 |
| 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 | $278,151 |
Grants Awarded
Over the last fiscal year, Waitt Foundation has awarded $8,879,416 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
North Sioux City, SD PURPOSE: OCEAN CONSERVATION | $4,400,000 |
OCEANS 5 PURPOSE: OCEAN CONSERVATION | $1,125,000 |
SEASKETCH PURPOSE: OCEAN CONSERVATION | $799,243 |
BREN SCHOOL OF ENVIRONMENTAL SCIENCE & MANAGEMENT (UCSB) PURPOSE: OCEAN CONSERVATION | $788,601 |
Arlington, VA PURPOSE: OCEAN CONSERVATION | $432,436 |
Washington, DC PURPOSE: OCEAN CONSERVATION | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |