White Mountain Institute
- Assets
- $1.8m
- Revenue
- $34.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 06/1987
- Data as of
- 09/2021
- EIN
- 77-0094396
Organization Overview
White Mountain Institute is located in Los Altos, CA. The organization was established in 1987. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. White Mountain Institute 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 09/2021, White Mountain Institute generated $34.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $1.5m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, White Mountain Institute has awarded 38 individual grants totaling $1,981,625. 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
PROVIDED SUPPORT PRIMARILY TO THE UNIVERSITY OF CALIF., FOR EDUCATION AND ATHLETIC SCHOLARSHIPS. OTHER ORGANIZATIONS WERE PROVIDED FUNDS FOR SCHOLARSHIPS, RESEARCH OR GENERAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles White Ba Treasurer | 1 | $0 | |
Johan Raeder MD PHD Director | 1 | $0 | |
Jeremy Stevens MD Director | 1 | $0 | |
Ed A White Director | 1 | $0 | |
Alex Recart MD Director | 1 | $0 | |
Paul Whitemd PHD President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,577 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $608,690 |
| Net ST Capital Gain | $608,690 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $469 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,243 |
| Printing and publications | $0 |
| Other expenses | $1,526 |
| Total operating and administrative expenses | $36,867 |
| Contributions, gifts, grants paid | $1,504,664 |
| Total expenses and disbursements | $1,541,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $1,798,910 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,798,910 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, White Mountain Institute has awarded $1,504,664 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA PURPOSE: SCHOLARSHIPS | $1,501,775 |
GUALALA ARTS CENTER PURPOSE: GENERAL SUPPORT | $1,500 |
SOCIETY OF AMBULATORY ANESTHESIA PURPOSE: DONATION FOR RESEARCH AWARDS | $1,000 |
FINE ARTS MUSEUM PURPOSE: SUPPORT | $289 |
Gualala, CA PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Giving Back Fund Inc Los Angeles, CA | $11,057,964 | $16,121,591 |
United Way Of The Columbia- Willamette Portland, OR | $45,244,176 | $37,813,880 |
Lutheran Social Services Of Southern California Orange, CA | $12,433,433 | $19,852,722 |
United Way California Capital Region Sacramento, CA | $17,085,587 | $25,165,420 |
United Way Of Tucson And Southern Arizona Inc Tucson, AZ | $24,809,225 | $14,478,255 |
United Way Of Southern Nevada Inc Las Vegas, NV | $13,273,511 | $9,207,930 |
Parker Ranch Foundation Tr 091092 Kamuela, HI | $269,073,510 | $7,172,423 |
Blaise Foundation Claremont, CA | $0 | $239,814 |
Beit Tshuvah Los Angeles, CA | $29,185,703 | $8,355,321 |
Levy Family Campus Los Gatos, CA | $16,282,164 | $7,205,840 |
Neighborhood Funders Group Berkeley, CA | $23,826,861 | $25,307,328 |
United Way Of Monterey County Monterey, CA | $13,516,071 | $8,095,454 |