The W Foundation FY2019 filing

Tax-deductible

Las Vegas, NV501(c)(3)Science & TechnologyEIN 54-2069827Revenue $231K in FY2019

On file with the IRSthewfoundation.org410 S Rampart Blvd Ste 390, 89145-5749 · Las Vegas, NVTax-exempt since Jan 2003Supporting organization — 509(a)(3)

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Foster humanitarian, cultural, & scientific endeavors by supporting organizations that educate and promote science, technology, engeering, mathemathics & economics.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $9K a year · 15% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 9 voting members
Looks good: 5 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$231K
Spent
$194K
To programs
91%
Net assets
$592K
By yearFY2019–FY2024
Revenue
$231K
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$231K
FY2020$71K
FY2021$28K
FY2022$39K
FY2023$4K
FY2024$1K
Expenses
$194K
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$194K
FY2020$45K
FY2021$43K
FY2022$35K
FY2023$383
FY2024$75
Net assets
$592K
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$592K
FY2020$618K
FY2021$603K
FY2022$607K
FY2023$611K
FY2024$612K

From the FY2019 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $176K Management & general 9% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The W Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports groups educating and promoting STEM and economics for humanitarian and cultural advancement.

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Provided by the organization

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3 programs · $176K · in their own filed words · FY2019
01

Operates "the space station" which is a space museum focused on educating individuals about the exciting history of space exploration. This "hands-on" space museum gives visitors a rare opportunity to touch and hold space flown artifacts.

$176Kprogram expense
02

Program expenditures and events replated to the apollo exhibit at the uss hornet museum which educates the general public about the aspects of manned space flight and the interrelationships of all sciences. The gemini boiler plate test splashdown module is on loan at the uss hornet.

Pt IX · col B
03

The museum of american finance is supported by the w foundation to promote education and awareness of MATH/ECONOMICS. Assets on display at the museums include an edison ticker tape, stock certificates signed by john rockefeller, and colonial real estate deeds. Estimated fair market value of these of assets is valued at $12,000.

Pt IX · col B

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$231K
Ln 12
Gifts and grantsLn 1h$230K
Other incomeLn 4–11$2K
Investment incomeLn 3$21
Money outPt IX
$194K
Ln 25
Programscol B$176K
Managementcol C$18K
Owns and owesPt X
$592K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$613K
LiabilitiesLn 26$21K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$230K
Investment incomeLn 3$21
Other incomeLn 4–11$2K
Gains on assetsLn 7$0
Total revenueLn 12$231K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$0
Cash and savings togetherLn 1–2$4K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$608K
Total assetsLn 16$613K
LiabilitiesLn 26$21K
Net assetsLn 32$592K
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$17K$4K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$587K$613K
LiabilitiesLn 26$0$21K
Net assetsLn 32$587K$592K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$513$513
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$80K$80K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$4K$4K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$44K$44K
All other expensesLn 24e$44K$39K$5K
Total functional expensesLn 25$194K$176K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1K$75$1K$612K 990 PDF
FY2023 $4K$383$4K$611K 990 PDF
FY2022 $39K$35K$3K$607K 990 PDF
FY2021 $28K$43K−$15K$603K 990 PDF
FY2020 $71K$45K$26K$618K 990 PDF
FY2019 Viewing $231K$194K$37K$592K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2019 990 (6 parts)
Part I · Summary $231,219 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $136,035$229,662
I-9 Program service revenue$0
I-10 Investment incomePrior year $13$21
I-11 Other revenuePrior year $16,083$1,536
I-12 Total revenuePrior year $152,131$231,219
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $140,077$194,451
I-18 Total expensesPrior year $140,077$194,451
I-19 Revenue less expensesPrior year $12,054$36,768
Part VI · Governance 5 of 9 board members independent, 5 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $231,219 across 8 lines filed
Lines not itemized here account for $1,536 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$229,662
VIII-1h Total contributions, gifts and grants$229,662
VIII-3 Investment incomeExcluded from tax $21$21
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $1,557$231,219
Part IX · Statement of functional expenses $194,451 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $1,750$1,750
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $14,106$14,106
IX-13 Office expensesManagement $513$513
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $80,361$80,361
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $4,356$4,356
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $5,901$5,901
IX-24 Other expenses (24a–d)Programs $43,510$43,510
IX-24e All other expensesPrograms $38,515 · Management $5,439$43,954
IX-25 Total functional expensesPrograms $176,492 · Management $17,959 · Fundraising $0$194,451
Part X · Balance sheet $612,839 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $17,116$4,407
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $762$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $569,437$608,432
X-16 Total assetsStart of year $587,315$612,839
X-17 Accounts payable and accrued expenses$19,883
X-25 Other liabilities$1,000
X-26 Total liabilitiesStart of year $0$20,883
X-27 Net assets without donor restrictionsStart of year $587,315$591,956
X-32 Total net assets or fund balancesStart of year $587,315$591,956
X-33 Total liabilities and net assetsStart of year $587,315$612,839
Part XI · Reconciliation of net assets $591,956 net assets at year end
XI-1 Total revenue$231,219
XI-2 Total expenses$194,451
XI-3 Revenue less expenses$36,768
XI-4 Net assets at start of year$587,315
XI-9 Other changes in net assets−$32,127
XI-10 Net assets at end of year$591,956

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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