The Willows Foundation Inc
- Assets
- $8.4m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 46
- Location
- Laguna Hills, CA
- Founding
- 12/1961
- Data as of
- 09/2023
- EIN
- 95-2078512
Organization Overview
The Willows Foundation Inc is located in Laguna Hills, CA. The organization was established in 1961. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Willows Foundation Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willows Foundation Inc 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 09/2023, Willows Foundation Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $4.6m during the year ending 09/2023. While expenses have increased by 6.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE A GRACE-LED COMMUNITY OF COMPASSIONATE AND FORWARD-THINKING CHRISTIAN SCIENTISTS DEDICATED TO BOUNDLESS SPIRITUAL GROWTH AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE HOMES FOR WORTHY AGED PERSONS WHO ARE MEMBERS OF THE CHRISTIAN SCIENCE DENOMINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Clarke Board President | OfficerTrustee | 5 | $7,933 |
John Bryant Board Secretary (thru 09/2023) | OfficerTrustee | 2 | $0 |
Tom Sebring Board Secretary (as Of 03/2023) | OfficerTrustee | 2 | $0 |
Doug Yeoman Board Treasurer | OfficerTrustee | 2 | $0 |
David Cook Director | Trustee | 2 | $0 |
Dorene Ford Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jon Cooling Construction Construction | 9/29/23 | $204,941 |
Transportation Concepts Transportation Provider | 9/29/23 | $145,646 |
Qis Inc Communication Services | 9/29/23 | $115,074 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $327,017 |
| All other contributions, gifts, grants, and similar amounts not included above | $376,232 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $703,249 |
| Total Program Service Revenue | $3,213,745 |
| Investment income | $63,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,140,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $147,656 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,793 |
| Compensation of current officers, directors, key employees. | $162,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,881,758 |
| Pension plan accruals and contributions | $30,440 |
| Other employee benefits | $319,787 |
| Payroll taxes | $145,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,575 |
| Fees for services: Accounting | $26,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,988 |
| Fees for services: Other | $147,547 |
| Advertising and promotion | $8,907 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $267,781 |
| 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 | $452,181 |
| Insurance | $100,324 |
| All other expenses | $78,698 |
| Total functional expenses | $4,633,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,775 |
| Savings and temporary cash investments | $70,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,756 |
| 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 | $33,806 |
| Net Land, buildings, and equipment | $4,726,949 |
| Investments—publicly traded securities | $3,176,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,409,216 |
| Accounts payable and accrued expenses | $241,331 |
| Grants payable | $0 |
| Deferred revenue | $17,901 |
| 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 | $219,375 |
| Total liabilities | $478,607 |
| Net assets without donor restrictions | $7,735,347 |
| Net assets with donor restrictions | $195,262 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,409,216 |