The California Wellness Foundation
- Assets
- $1.0b
- Revenue
- $78.8m
- Investments
- $950.7m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1991
- Data as of
- 12/2022
- EIN
- 95-4292101
Organization Overview
The California Wellness Foundation is located in Los Angeles, CA. The organization was established in 1991. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. California Wellness 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 12/2022, California Wellness Foundation generated $78.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $73.1m during the year ending 12/2022. While expenses have increased by 4.6% 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.
Since 2015, California Wellness Foundation has awarded 4,846 individual grants totaling $402,869,407. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Belk President & CEO | 50 | $828,652 | |
Richard Tate Executive Vice President | 50 | $376,655 | |
Lori Cox VP Of Programs | 50 | $222,778 | |
Rochelle Witharana CFO | 50 | $378,432 | |
Arun Baheti VP Of Operations | 50 | $353,520 | |
Xochitl Castaneda Director | 5 | $30,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/22 | $889,583 |
Wellington Trust Company Na | 12/30/22 | $489,796 |
Baillie Gifford Overseas Limited | 12/30/22 | $363,609 |
Aperio Group Llc | 12/30/22 | $227,095 |
The Northern Trust Company | 12/30/22 | $176,983 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $138,311 |
| Dividends & Interest | $11,446,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,952,288 |
| Capital Gain Net Income | $71,099,067 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,233,267 |
| Total Revenue | $78,770,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,764,204 |
| Other employee salaries and wages | $4,753,463 |
| Pension plans, employee benefits | $2,140,502 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $654,190 |
| Occupancy | $1,334,263 |
| Travel, conferences, and meetings | $528,475 |
| Printing and publications | $53,398 |
| Other expenses | $797,721 |
| Total operating and administrative expenses | $16,930,054 |
| Contributions, gifts, grants paid | $56,167,227 |
| Total expenses and disbursements | $73,097,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,355,730 |
| Savings and temporary cash investments | $32,980,071 |
| 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 | $155,245 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $510,428,177 |
| Net Land, buildings, and equipment | $2,760,516 |
| Other assets | $31,814,624 |
| Total assets | $1,019,736,613 |
| Accounts payable and accrued expenses | $1,364,566 |
| Grants payable | $307,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $13,112,460 |
| Total liabilities | $14,784,026 |
Grants Awarded
Over the last fiscal year, The California Wellness Foundation has awarded $56,788,249 in support to 613 organizations.
| Grant Recipient | Amount |
|---|---|
SIERRA HEALTH FOUNDATION CENTER FOR HEALTH PROGRAM MANAGEMENT PURPOSE: FOR PROJECT SUPPORT FOR THE COMMUNITY ECONOMIC MOBILIZATION INITIATIVE FOR REGRANTING TO COMMUNITY-BASED ORGANIZATIONS TO BUILD THEIR CAPACITY FOR ADVOCACY EFFORTS TO IMPROVE THE HEALTH AND WELL-BEING OF THEIR COMMUNITIES IN CALIFORNIA. | $1,250,000 |
COMMUNITY PARTNERS PURPOSE: FOR CORE OPERATING SUPPORT FOR THE CALIFORNIA NATIVE VOTE PROJECT TO SUSTAIN AND ADVANCE CIVIC ENGAGEMENT AND ADVOCACY TO IMPROVE THE HEALTH OF NATIVE AMERICAN COMMUNITIES IN CALIFORNIA. | $1,000,000 |
FOUNDATION FOR CALIFORNIA COMMUNITY COLLEGES PURPOSE: FOR CORE OPERATING SUPPORT FOR CALIFORNIA MEDICINE SCHOLARS PROGRAM TO IMPLEMENT PATHWAYS TO AND THROUGH MEDICAL SCHOOLS ACROSS CALIFORNIA FOR UNDERREPRESENTED RACIAL MINORITIES AT COMMUNITY COLLEGES. | $1,000,000 |
NEW VENTURE FUND PURPOSE: FOR CORE OPERATING SUPPORT FOR HOPE AND HEAL FUND TO INCREASE FISCAL SUSTAINABILITY, BUILD CAPACITY AND MAXIMIZE EFFORTS TO REDUCE GUN VIOLENCE IN CALIFORNIA. | $1,000,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: FOR CORE OPERATING SUPPORT TO PROVIDE ACCESSIBLE DATA AND ANALYSIS FOR COMMUNITY AND ADVOCACY ORGANIZATIONS WORKING TO ADVANCE RACIAL JUSTICE AND HEALTH EQUITY THROUGH MOVEMENT BUILDING. | $1,000,000 |
COMMUNITY PARTNERS PURPOSE: FOR CORE OPERATING SUPPORT FOR THE CA ACCOUNTABLE COMMUNITIES FOR HEALTH INITIATIVE TO BECOME A STATEWIDE BACKBONE TO SPREAD, SCALE, & SUSTAIN ACCOUNTABLE COMMUNITIES FOR HEALTH, MULTI-SECTOR COLLABORATIVES THAT CENTER COMMUNITY VOICE. | $1,000,000 |