Watly Foundation
- Assets
- $1.2m
- Revenue
- $700.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 11/2019
- Data as of
- 07/2022
- EIN
- 83-1974107
Organization Overview
Watly Foundation is located in Mountain View, CA. The organization was established in 2019. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watly 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 07/2022, Watly Foundation generated $700.2k in total revenue. All expenses for the organization totaled $109.7k during the year ending 07/2022. While expenses have increased by 84.3% per year over the past 3 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 2020, Watly Foundation has awarded 44 individual grants totaling $126,011. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Li An Secretary | 0.5 | $0 | |
William An CEO | 0.5 | $0 | |
Ying Gu CFO | 0.5 | $0 | |
Alexander An COO | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,000 |
| Interest on Savings | $150 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $700,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,447 |
| Total operating and administrative expenses | $31,146 |
| Contributions, gifts, grants paid | $78,600 |
| Total expenses and disbursements | $109,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,960 |
| Savings and temporary cash investments | $687,554 |
| 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 | $292,500 |
| Total assets | $1,229,014 |
| 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, Watly Foundation has awarded $78,600 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Atherton, CA PURPOSE: DONATIONS | $75,000 |
PALO ALTO PARTNERS IN EDUCATION PURPOSE: DONATIONS | $2,500 |
San Francisco, CA PURPOSE: DONATIONS | $500 |
Chicago, IL PURPOSE: DONATIONS | $50 |
Coconut Creek, FL PURPOSE: DONATIONS | $50 |
MARCH OF DIMES PURPOSE: DONATIONS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Victor Community Support Services Inc Chico, CA | $22,885,377 | $66,446,047 |
Work Unlimited Corvallis, OR | $5,013,413 | $8,601,977 |
Eden Housing Resident Services Inc Hayward, CA | $752,103 | $6,163,501 |
Westside Infant-Family Network Los Angeles, CA | $1,971,704 | $6,014,132 |
Visions Unlimited Sacramento, CA | $1,116,287 | $4,583,726 |
Focus On All Child Therapies Inc Los Angeles, CA | $3,432,237 | $6,000,689 |
Child Development Institute Reseda, CA | $8,564,465 | $4,538,536 |
Emotional Health Association Culver City, CA | $2,137,208 | $3,483,203 |
Helping Hands Re-Entry Outreach Centers Seaside, OR | $7,279,971 | $5,627,862 |
Nazcare Inc Prescott Valley, AZ | $4,787,488 | $2,992,215 |
Shine A Light Counseling Center Santa Cruz, CA | $412,914 | $2,602,684 |
Community Counseling Center Las Vegas, NV | $1,761,790 | $2,545,852 |