Susan & Bruce Worster Foundation
- Assets
- $4.7m
- Revenue
- $500.4k
- Investments
- $4.4m
- Employees
- 0
- Location
- Montecito, CA
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 77-0549392
Organization Overview
Susan & Bruce Worster Foundation is located in Montecito, CA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Susan & Bruce Worster 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, Susan & Bruce Worster Foundation generated $500.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $400.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Susan & Bruce Worster Foundation has awarded 14 individual grants totaling $1,078,311. 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 |
|---|---|---|---|
Bruce Worster President | 1 | $0 | |
Susan Worster Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $119,361 |
| Interest on Savings | $11,927 |
| Dividends & Interest | $58,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $300,238 |
| Capital Gain Net Income | $300,238 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,402 |
| Total Revenue | $500,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,034 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,215 |
| Total operating and administrative expenses | $64,749 |
| Contributions, gifts, grants paid | $335,511 |
| Total expenses and disbursements | $400,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $389,676 |
| 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 | $175,623 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,442 |
| Total assets | $4,747,713 |
| 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, Susan & Bruce Worster Foundation has awarded $335,511 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Claremont, CA PURPOSE: GENERAL USE | $126,511 |
THE REGENTS OF THE UNIV OF CA PURPOSE: GENERAL USE | $100,000 |
Santa Barbara, CA PURPOSE: GENERAL USE | $69,000 |
Santa Barbara, CA PURPOSE: GENERAL USE | $25,000 |
Santa Barbara, CA PURPOSE: GENERAL USE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meyer Memorial Trust Portland, OR | $1,007,586,458 | $95,771,293 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
Ford Family Foundation Roseburg, OR | $1,245,594,204 | $103,438,214 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |