The Wilhelm Family Foundation
- Assets
- $2.0m
- Revenue
- $260.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-2796479
Organization Overview
The Wilhelm Family Foundation is located in Los Angeles, CA. The organization was established in 2013. 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. Wilhelm Family 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, Wilhelm Family Foundation generated $260.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $351.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wilhelm Family Foundation has awarded 154 individual grants totaling $1,450,250. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION MADE GRANTS TO 501(C)(3) ORGANIZATIONS FOR THE PURPOSE OF SUPPORTING ART-BASED ORGANIZATIONS, ART SCHOOLS AND INSTITUTIONS AND PUBLIC ART PROGRAMMING FOR THE GOOD OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cascade Wilhelm CEO | 20 | $40,000 | |
Matthew O'donnell Secretary | 1 | $0 | |
Leland Evans CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $44,926 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $213,697 |
| Capital Gain Net Income | $213,697 |
| Net ST Capital Gain | $4,130 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,730 |
| Total Revenue | $260,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $386 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,989 |
| Total operating and administrative expenses | $64,587 |
| Contributions, gifts, grants paid | $287,000 |
| Total expenses and disbursements | $351,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,213 |
| 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 | $1,879,998 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,979,211 |
| 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 | $2,669 |
| Total liabilities | $2,669 |
Grants Awarded
Over the last fiscal year, The Wilhelm Family Foundation has awarded $287,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA PURPOSE: PUBLIC PROGRAMMING (BY FULCRUM ARTS) & FULCRUM ARTS ACTING AS FISCAL SPONSOR OF PEOPLE'S POTTERY PROJECT, NOW BE HERE, ALTADENA ARTS, SOUTHLAND INSTITUE. | $60,000 |
ARTISTS FREEDOM INITIATIVE PURPOSE: ARTIST RESIDENCY PROGRAM | $20,000 |
Culver City, CA PURPOSE: GENERAL OPERATING SUPPORT | $16,000 |
MARCH ON FOUNDATION PURPOSE: AS FISCAL SPONSOR OF "THE INTERNATIONAL INDIGENOUS YOUTH COUNCIL LA" | $10,000 |
FRANTURED ATLAS PURPOSE: FISCAL SPONSOR OF "CONTEMPORARY ART LEAGUE" | $10,000 |
Los Angeles, CA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |