Vailima Foundation
- Assets
- $1.4m
- Revenue
- $58.2k
- Investments
- $810.6k
- Employees
- 0
- Location
- Saint Helena, CA
- Founding
- 09/1968
- Data as of
- 12/2023
- EIN
- 94-1673783
Organization Overview
Vailima Foundation is located in Saint Helena, CA. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Vailima 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, Vailima Foundation generated $58.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $142.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VAILIMA FOUNDATION OPERATES AS THE ROBERT LOUIS STEVENSON MUSEUM AT 1490 LIBRARY LANE, SAINT HELENA, CALIFORNIA, 94574. THE VAILIMA FOUNDATION IS A MUSEUM OF ROBERT LOUIS STEVENSON'S LITERARY WORKS, DOCUMENTS, AND OTHER MEMORABILIA.THE MUSEUM IS OPEN TO THE PUBLIC FROM 12:00 NOON TO 4:00 P.M. DAILY EXCEPT SUNDAYS AND MONDAYS.VISITORS COME INDIVIDUALLY AND IN TOUR GROUPS AND SCHOOL CLASS GROUPS. QUITE OFTEN SCHOLARS COME TO DO RESEARCH.THE VAILIMA FOUNDATION DOES NOT CHARGE THE PUBLIC FOR ADMISSION.REVENUE FROM THE SALE OF BOOKS AND POSTCARDS, RELATING TO THE MUSEUM OR THE ROBERT LOUIS STEVENSON COLLECTION, ARE SOLD AT A PRICE SET TO REIMBURSE THE FOUNDATION FOR ITS COSTS AND OVERHEAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Fraser Vice Chair | 0 | $0 | |
Tom Hixson Treasurer 2023 | 0 | $0 | |
Mario Sculatti Board Member | 0 | $0 | |
Katherine Cincotta Chair 2023 | 0 | $0 | |
John Alexander Secretary | 0 | $0 | |
Susan Duryea Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,191 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,987 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,482 |
| Capital Gain Net Income | $4,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,172 |
| Other Income | $2,347 |
| Total Revenue | $58,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $90,449 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,244 |
| Depreciation | $1,063 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,204 |
| Total operating and administrative expenses | $141,960 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $141,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,421 |
| Savings and temporary cash investments | $35,913 |
| 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 | $8,307 |
| Prepaid expenses and deferred charges | $569 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $611,746 |
| Net Land, buildings, and equipment | $5,017 |
| Other assets | $507,531 |
| Total assets | $1,382,382 |
| 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 | $90 |
| Total liabilities | $90 |