Jack R Walter Foundation
- Assets
- $1.7m
- Revenue
- $438.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- North Hollywood, CA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-3338606
Organization Overview
Jack R Walter Foundation is located in North Hollywood, CA. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Jack R Walter 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 12/2022, Jack R Walter Foundation generated $438.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $62.7k during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 5 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.
Since 2018, Jack R Walter Foundation has awarded 72 individual grants totaling $284,962. 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 |
|---|---|---|---|
Jack R Walter President | 1 | $0 | |
Sharon E Walter Goldsmith CFO & Secretary | 1 | $0 | |
Treven W Goldsmith Chief Executive Officer | 3 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $386,070 |
| Interest on Savings | $1 |
| Dividends & Interest | $50,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,918 |
| Capital Gain Net Income | $1,918 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $438,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1 |
| Taxes | $958 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $762 |
| Total operating and administrative expenses | $7,994 |
| Contributions, gifts, grants paid | $54,736 |
| Total expenses and disbursements | $62,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $17,553 |
| 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 | $230,152 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,653,524 |
| Accounts payable and accrued expenses | $15,307 |
| 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 | $15,307 |
Grants Awarded
Over the last fiscal year, Jack R Walter Foundation has awarded $54,736 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CASA COLINA FOUNDATION PURPOSE: REHABILITATION PROGRAM | $1,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: DIVERSITY IMPACT & AID PROGRAMS | $2,000 |
CRST HOTWHEELS PURPOSE: WHEELCHAIR BASKETBALL | $11,800 |
HARVARD-WESTLAKE SCHOOL PURPOSE: COMMUNITY SUPPORT | $1,500 |
LAURENCE SCHOOL PURPOSE: YOUTH COMMUNITY AWARENESS PROGRAM | $16,750 |
LONG BEACH FLYING WHEELS INC PURPOSE: WHEELCHAIR BASKETBALL | $4,500 |