Westridge Foundation
- Assets
- $5.0m
- Revenue
- $1.9m
- Investments
- $4.8m
- Employees
- 0
- Location
- Portola Valley, CA
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-2606745
Organization Overview
Westridge Foundation is located in Portola Valley, CA. The organization was established in 2018. 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. Westridge 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 12/2023, Westridge Foundation generated $1.9m 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 $3.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Westridge Foundation has awarded 209 individual grants totaling $12,451,500. 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 |
|---|---|---|---|
Robert Guenley Dir | 2 | $0 | |
Andrew Rachleff Cfo, Dir, Sec | 1 | $0 | |
Debra S Rachleff Executive Dir, Pres, Chairman | 1 | $0 | |
Shelby E Rachleff Dir | 40 | $92,767 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,212,803 |
| Interest on Savings | $2,963 |
| Dividends & Interest | $195,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $462,647 |
| Capital Gain Net Income | $1,674,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,874,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,767 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $18,256 |
| Interest | $0 |
| Taxes | $3,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,231 |
| Printing and publications | $0 |
| Other expenses | $37,058 |
| Total operating and administrative expenses | $196,394 |
| Contributions, gifts, grants paid | $3,743,000 |
| Total expenses and disbursements | $3,939,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $166,786 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,005,425 |
| 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, Westridge Foundation has awarded $3,743,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
18 REASONS PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
AIM FOR MENTAL HEALTH PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ARCTIC ICE PROJECT PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CALIFORNIA COLLEGE OF THE ARTS PURPOSE: TO SUPPORT THE CCA WATTIS LEADERSHIP CIRCLE | $25,000 |
CALIFORNIA COLLEGE OF THE ARTS PURPOSE: WATTIS INSTITUTE NEW GROWTH FUND | $50,000 |
CARMEL CARES PURPOSE: FOR SCENIC PATHWAY IMPROVEMENT AND CARE | $10,000 |