Overview
What is Wescom Foundation?
Wescom Foundation is a philanthropic organization based in Pasadena, California, with a focus on enhancing the lives of Southern Californians. They achieve this by providing strategic grant funding to various nonprofit community organizations. Their grantmaking portfolio spans a broad spectrum of sectors, including health, financial wellness, social justice, youth services, animal welfare, environment, human services, education, athletics, search and rescue, community, and disaster response. In the fiscal year under consideration, they allocated a significant portion of their grant funds to humanitarian assistance organizations, totaling $214,036. Wescom Foundation's mission is to contribute positively to the community by supporting nonprofit organizations and engaging in meaningful activities aimed at improving the living conditions of Southern Californians.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (74%)
The Wescom Foundation received a rating of "Needs Improvement" with a score of 74%, reflecting an overall two-star rating. The foundation demonstrates strong leadership and adaptability, achieving a perfect score of 100 in that category. Additionally, their program expense ratio is notably high at 99.15%, indicating a significant focus on programmatic spending over administrative costs.
Despite these strengths, the foundation has some areas that require attention. It has been noted that while the board is entirely independent, there are missing policies such as a whistleblower policy and document retention guidelines. Furthermore, the absence of the tax form on the nonprofit's website may limit transparency for potential donors and stakeholders.
Overall, while the Wescom Foundation shows strong financial management and a commitment to leadership, addressing the noted governance and transparency issues could enhance its standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Wescom Foundation legitimate?
Wescom Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wescom Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Wescom Foundation?
The Wescom Foundation's mission is to enhance the lives and living conditions of individuals across Southern California. They accomplish this by providing strategic grant funding and engaging with various nonprofit community organizations. The foundation's grantmaking primarily focuses on several sectors, including health, financial wellness, social justice, youth services, animal welfare, environment, human services, education, athletics, search and rescue, community, and disaster response. The total grant funds awarded in a year surpass $600,000, with significant allocations to humanitarian assistance organizations.
Who is the CEO of Wescom Foundation?
Tracey Flynn is the Chair Person (From 02/22) of Wescom Foundation.
What is the revenue of Wescom Foundation?
Wescom Foundation's revenue in 2022 was $871,764.
Who are the executives of Wescom Foundation and what are their salaries?
There 15 volunteers at Wescom Foundation.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $149,282
- Other: $28,398
- Compensation: $0
- Related: $390,598
- Other: $29,001
- Compensation: $0
- Related: $231,666
- Other: $11,341
- Compensation: $0
- Related: $102,622
- Other: $25,063
- Compensation: $0
- Related: $109,323
- Other: $20,602
- Compensation: $0
- Related: $130,677
- Other: $32,455
- Compensation: $0
- Related: $85,874
- Other: $25,922
- Compensation: $0
- Related: $88,445
- Other: $33,651
- Compensation: $0
- Related: $304,532
- Other: $31,229
- Compensation: $0
- Related: $86,805
- Other: $14,435
- Compensation: $0
- Related: $220,763
- Other: $26,370
- Compensation: $0
- Related: $116,375
- Other: $33,802
- Compensation: $0
- Related: $206,293
- Other: $29,187
- Compensation: $0
- Related: $97,668
- Other: $25,594
- Compensation: $0
- Related: $100,562
- Other: $17,846
- Compensation: $0
- Related: $162,128
- Other: $711
Where can I find the form 990 for Wescom Foundation?
Wescom Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wescom Foundation
Wescom Foundation, a grant-making organization, is committed to improving the lives and living conditions of Southern Californians. They achieve this goal by supporting various nonprofit community organizations through strategic grantmaking and community engagement. The foundation's mission is to contribute to the betterment of the community by providing financial resources and active involvement.
In a bid to make a significant impact, Wescom Foundation disperses grant funds to a diverse range of nonprofit organizations. Their grants primarily focus on sectors such as health, financial wellness, social justice, youth services, animal welfare, environment, human services, education, athletics, search and rescue, community, and disaster response. Among these, humanitarian assistance organizations receive a substantial portion of the funding, with an allocation of $214,036 in 20XX. The foundation's grantmaking activities are not limited to a specific category but are spread out across these various sectors, demonstrating their wide-ranging commitment to community betterment.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Wescom Foundation significantly impacts Southern California by enhancing the lives and living conditions of its residents through strategic grantmaking and community engagement. In recent efforts, the foundation awarded a total of $608,453 to a diverse array of organizations dedicated to various causes.
Key areas of support include health ($162,072), financial wellness ($96,835), and humanitarian assistance ($214,036), reflecting a commitment to addressing essential needs within the community. Additional funding has been directed toward social justice ($45,000), youth services ($27,515), and animal welfare ($13,550), among others.
The foundation's broad approach ensures that essential services and support systems are available, fostering overall community well-being and resilience. By investing in education, athletics, community initiatives, and disaster response, Wescom Foundation plays a vital role in building a stronger, more sustainable Southern California for all its residents.
This information is meant to be a general summary of Wescom Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $871,764
Assets and Liabilities:
- Total Assets: $319,985
- Total Liabilities: $0
- Net Assets: $319,985
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2000
Phone
(626) 535-1000Principal Officer
Tracey Flynn
Main Address
123 SOUTH MARENGO AVENUE, PASADENA, CA, 911012428
NTEE Category
Code: T03 - Philanthropy
If you are a representative of Wescom Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.