Wescom Foundation EIN 31-1709115

Wescom Foundation FY2020 filing

EIN  31-1709115 Public foundation / grantmaker Pasadena, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Supports Southern California nonprofits with grants and engagement to improve community lives.
Leadership
Abigail Ruiz · Director
Money in and out
$511K revenue, $402K expenses
Bottom line
100% program efficiency

Supports Southern California nonprofits with grants and engagement to improve community lives. For fiscal year 2020 it reported $511K in revenue, $402K in expenses, and $240K in net assets.Pt I

Grants paid & assets · FY2020
Total revenue
$511K
Pt VIII · Ln 12
Total expenses
$402K
Pt IX · Ln 25
Net assets
$240K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $109K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$511K
FY2020
Expenses
$402K
FY2020
Total assets
$240K
FY2020
Total liabilities
$0
FY2020
Total revenue
$511K
Pt VIII · Ln 12
Total expenses
$402K
Pt IX · Ln 25
Net assets
$240K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$109K
Total assetsPt X · Ln 16$240K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $91K of program spending, described in the organization's own filed words · FY2020.
01

National Multiple Sclerosis Society

People affected by MS can live their best lives as we stop MS in its tracks, restore what has been lost and end MS forever.

$50Kprogram expense
02

American Red Cross

The american red cross prevents and alleviates human suffering in the face of emergencies by mobilizing the power of volunteers and the generosity of donors.

$23Kprogram expense
03

Los Angeles Regional Food Bank

Since 1973, the los angeles regional food bank has worked to mobilize resources in the community to alleviate hunger.

$18Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWescom Foundation
EINHdr · item D31-1709115
Principal addressHdr · item CPasadena, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T03)
Ruling yearIRS BMFJun 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director (from 6/2020)
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (until 3/2020)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wescom Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$511K
Total revenueLn 12$511K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$402K
Total functional expensesLn 25$402K

Balance Sheet

Part X · end of year
CashLn 1$240K
Total assetsLn 16$240K
Total liabilitiesLn 26$0
Total net assetsLn 32$240K
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $240K · Operating expenses/yr $402K
7.2 months
Where the money goes
Program services
Program services $402K · Total expenses $402K
100%
Management & General
Management & general $0 · Total expenses $402K
0%
Fundraising
Fundraising $0 · Total expenses $402K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $511K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $511K · Total revenue $511K
100%
Government reliance
Government grants — · Total revenue $511K
Earned-income share
Program service revenue $0 · Total revenue $511K
0%
Investment reliance
Investment income $0 · Total revenue $511K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $402K
0%
Growth & trend
Revenue growth (YoY)
This year $511K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $240K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $511K · Expenses $402K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $240K
Net-asset ratio
Net assets $240K · Total assets $240K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $240K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Abigail Ruiz · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $402K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $402K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$1.1M
Grants paid · 130 grants · $3.8M · 2020–2024
See all 130 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.3M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$872K revenue · ⤓ 990 PDF
FY2021$843K revenue · ⤓ 990 PDF
FY2020$511K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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