The Tom Wathen Center
- Assets
- $33.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Riverside, CA
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 95-4752331
Organization Overview
The Tom Wathen Center is located in Riverside, CA. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Tom Wathen Center employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tom Wathen Center 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, Tom Wathen Center generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO USE AVIATION TO STIMULATE INTEREST AND COMPETENCE IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS.
Describe the Organization's Program Activity:
SEE STATEMENT ATTACHED.
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 |
|---|---|---|---|
Jon Goldenbaum Director And CEO | OfficerTrustee | 25 | $0 |
John D Lyon Trustee Emeritus And Secretary | Trustee | 10 | $0 |
Kevin A Mckenzie Executive Committee Trustee | Trustee | 5 | $0 |
Patrick J Halloran Trustee Emeritus | Trustee | 1 | $0 |
Joe Fisher Trustee | Trustee | 1 | $0 |
Granger Haugh Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ron Wilkins General Contractor | 12/30/22 | $110,507 |
Topline Supply Inc General Contractor | 12/30/22 | $1,232,251 |
Custom Asphalt Inc General Contractor | 12/30/22 | $462,429 |
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 | $2,262,546 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,262,546 |
| Total Program Service Revenue | $1,893 |
| Investment income | $81,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $510,872 |
| Net Gain/Loss on Asset Sales | -$119,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,813,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $641,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,224 |
| Payroll taxes | $50,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,328 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,816 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,591 |
| Office expenses | $31,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,869 |
| 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 | $83,473 |
| All other expenses | $481,081 |
| Total functional expenses | $2,309,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,822 |
| Savings and temporary cash investments | $7,394,149 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,796 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,287,098 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,043,536 |
| Investments—publicly traded securities | $2,948,097 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,724,498 |
| Accounts payable and accrued expenses | $4,818 |
| Grants payable | $0 |
| Deferred revenue | $218,058 |
| 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 | $222,876 |
| Net assets without donor restrictions | $30,953,601 |
| Net assets with donor restrictions | $2,548,021 |
| 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 | $33,724,498 |