Peter A And Vernice H Gasser Foundation
- Assets
- $109.1m
- Revenue
- $7.4m
- Investments
- $15.3m
- Employees
- 0
- Location
- Napa, CA
- Founding
- 05/1982
- Data as of
- 12/2020
- EIN
- 94-2816159
Organization Overview
Peter A And Vernice H Gasser Foundation is located in Napa, CA. The organization was established in 1982. 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. Peter A And Vernice H Gasser 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 12/2020, Peter A And Vernice H Gasser Foundation generated $7.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peter A And Vernice H Gasser Foundation has awarded 246 individual grants totaling $7,451,789. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Watt CEO | 25 | $184,500 | |
Jennifer M Hall Secretary | 37.5 | $87,297 | |
Joseph G Peatman Treasurer/director | 5 | $42,000 | |
Henry H Gundling Past Chair/director | 5 | $42,000 | |
Timothy T Streblow Vice Chair/director | 5 | $42,000 | |
Cathy A Roche Director | 5 | $42,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atlas Peak Construction | 12/30/21 | $540,533 |
M R Christensen Construction Inc | 12/30/21 | $446,540 |
North Bay Landscape Management Inc | 12/30/21 | $176,784 |
Moss Adams Llp | 12/30/21 | $148,470 |
Allen Matkins Leck Gamble & Mallory Llp | 12/30/21 | $130,697 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $310,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $638,560 |
| Net Rental Income | $6,447,461 |
| 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 | $0 |
| Total Revenue | $7,396,021 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $471,014 |
| Other employee salaries and wages | $200,598 |
| Pension plans, employee benefits | $25,113 |
| Interest | $1,333,820 |
| Taxes | $1,586,084 |
| Depreciation | $1,343,006 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,231,362 |
| Total operating and administrative expenses | $6,450,157 |
| Contributions, gifts, grants paid | $1,186,409 |
| Total expenses and disbursements | $7,636,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $670,969 |
| Net Accounts receivable | $1,023,582 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $7,283,609 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $83,156 |
| Net Investments - land, buildings, equipment | $74,557,660 |
| Investments—mortgage loans | $0 |
| Investments—other | $525,415 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,208,037 |
| Total assets | $109,139,410 |
| Accounts payable and accrued expenses | $1,023,243 |
| Grants payable | $918,989 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $34,506,933 |
| Other liabilities | $20,332,791 |
| Total liabilities | $56,781,956 |
Grants Awarded
Over the last fiscal year, Peter A And Vernice H Gasser Foundation has awarded $6,121,708 in support to 133 organizations.
| Grant Recipient | Amount |
|---|---|
BURBANK HOUSING PURPOSE: VALLE VERDE PROPERTY DONATION | $4,262,015 |
Napa, CA PURPOSE: GASSER EMERGENCY CENTER IMPROVEMENTS, PAYMENT 6-10 OF 10 | $500,000 |
JUSTIN- SIENA HIGH SCHOOL PURPOSE: OPERATING EXPENSES | $200,000 |
Napa, CA PURPOSE: ADVANCED DIAGNOSTIC AND SURGICAL PAVILION, PAYMENT 9-10 OF 10 | $200,000 |
Napa, CA PURPOSE: LOAN FORGIVENESS | $157,026 |
Napa, CA PURPOSE: GASSER EMERGENCY CENTER IMPROVEMENTS, YEAR 5 OF 10 | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |