Preston-Werner Initiatives Inc
- Assets
- $2.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-2624417
Organization Overview
Preston-Werner Initiatives Inc is located in Palo Alto, CA. According to its NTEE Classification (R40) the organization is classified as: Voter Education & Registration, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preston-Werner Initiatives Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Preston-Werner Initiatives Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 51.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Preston-Werner Initiatives Inc has awarded 34 individual grants totaling $2,506,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE VOTER REGISTRATION, POLITICAL PARTICIPATION, AND CIVIC INVOLVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAKES GRANTS TO PROMOTE VOTER REGISTRATION, POLITICAL PARTICIPATION, AND CIVIC INVOLVEMENT, PARTICULARLY AMONG GROUPS THAT ARE HISTORICALLY MARGINALIZED, DISENFRANCHISED, OR OTHERWISE DISADVANTAGED BY THE POLITICAL PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Preston-Werner Co-President/director | OfficerTrustee | 0.4 | $0 |
Thomas Preston-Werner Co-President/director | OfficerTrustee | 0.4 | $0 |
Tom Van Loben Sels Treasurer/secretary/director | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,477,206 |
| Noncash contributions included in lines 1a–1f | $3,477,206 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,477,206 |
| Total Program Service Revenue | $0 |
| Investment income | $2,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,240 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,490,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,460,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $230 |
| Fees for services: Accounting | $38,389 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $50 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $903 |
| Total functional expenses | $1,499,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,006,182 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,006,182 |
| Accounts payable and accrued expenses | $9,431 |
| Grants payable | $65,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $74,431 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,931,751 |
| Total liabilities and net assets/fund balances | $2,006,182 |
Grants Awarded
Over the last fiscal year, Preston-Werner Initiatives Inc has awarded $1,506,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: ADVOCATE FOR CLEAN ENERGY STANDARD, ENVIRONMENTAL JUSTICE & CIVILIAN CLIMATE CORPS | $250,000 |
New York, NY PURPOSE: FEDERAL CLIMATE AND INFRASTRUCTURE POLICY WORK | $200,000 |
San Francisco, CA PURPOSE: GREEN NEW DEAL NETWORK ACTION FUND - DEVELOP AND ADVOCATE FOR PROGRESSIVE MODEL LEGISLATION | $100,000 |
Washington, DC PURPOSE: EVERGREEN ACTION - DEVELOP CLEAN ENERGY AND CLIMATE POLICY AND ADVOCACY | $100,000 |
Washington, DC PURPOSE: DEVELOP PROGRESSIVE POLITICAL ALTERNATIVES | $100,000 |
Brooklyn, NY PURPOSE: FEDERAL AFFAIRS TEAM - ADVANCE FEDERAL POLICY DEVELOPMENT & STRATEGY | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vote Org Oakland, CA | $7,027,863 | $18,469,832 |
Calmatters Sacramento, CA | $5,920,509 | $9,388,614 |
California Calls Education Fund Los Angeles, CA | $17,392,987 | $14,549,243 |
Californians For Justice Education Fund Inc San Jose, CA | $11,967,169 | $8,892,055 |
Mi Familia Vota Education Fund Phoenix, AZ | $10,944,081 | $6,561,330 |
Votingworks San Francisco, CA | $5,045,508 | $4,033,953 |
Equality Alliance Of San Diego County San Diego, CA | $3,447,034 | $4,885,746 |
One Arizona Phoenix, AZ | $5,672,736 | $5,096,128 |
Asian Pacific Islander Amer Public Affairs-Comm Education Foundation Sacramento, CA | $1,178,907 | $1,985,979 |
Voteamerica Inc San Francisco, CA | $601,492 | $1,896,508 |
California League Of Conservation Voters Oakland, CA | $1,335,804 | $2,589,299 |
Spread The Vote Los Angeles, CA | $493,809 | $1,039,180 |