Overview
What is The W Foundation?
The W Foundation is a nonprofit organization situated in Novato, California, with an address at 504 Redwood Blvd 210. Its primary mission is to foster humanitarian, cultural, and scientific endeavors by supporting organizations that promote science, technology, engineering, mathematics, and economics education. One of their notable initiatives is "The Space Station," a hands-on space museum dedicated to educating visitors about space exploration's fascinating history. This unique attraction offers visitors the rare opportunity to interact with space-flown artifacts, such as cosmonaut space gloves, prototype space helmets, and even moon dust. Visitors can also try on space helmets, sit in a spacecraft seat, and learn from NASA astronauts who attend events to educate the public about space exploration. The museum houses a variety of original flight equipment, including lunar module engine bells, space suits, photographs, and other space artifacts.
Official website here: www.thewfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
The W Foundation has achieved a Three-Star rating from Charity Navigator, indicating a generally favorable evaluation in terms of accountability and finance. The overall score is derived entirely from a single beacon score, with a strong emphasis on fiscal health and transparency. The charity benefits from a high percentage of independent board members, reinforcing its governance quality, and has shown excellent program expense ratios, indicating effective fund utilization.
However, some areas of concern have been noted in the governance practices. Specifically, the charity lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These missing elements could potentially impact the organization's operational integrity, despite its strong financial ratios and independent governance structure.
The fiscal year 2022 data reflects that the W Foundation maintains a low liability-to-assets ratio, showcasing financial stability. With program expenses representing a significant majority of its total expenditures, the organization demonstrates a commitment to its mission. Nonetheless, addressing the identified governance gaps could further enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The W Foundation legitimate?
The W Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The W 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.
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Official website here: www.thewfoundation.org
What is the mission statement of The W Foundation?
The W Foundation's mission is to encourage humanitarian, cultural, and scientific advancements by providing financial support to organizations that focus on education and promotion in the fields of science, technology, engineering, mathematics, and economics. Through their initiatives, they aim to inspire and educate individuals about these subjects, fostering a deeper understanding and appreciation for these fields. One of their notable activities is the operation of "The Space Station," a hands-on space museum that provides visitors with a unique opportunity to interact with space-related artifacts, such as space gloves, helmets, and seats. The museum also showcases original flight equipment, including lunar module engines, space suits, photographs, and other space memorabilia. NASA astronauts often attend events at the museum to share their insights and experiences in space exploration.
Official website here: www.thewfoundation.org
Who is the CEO of The W Foundation?
Kenneth G Winans is the Co-Chair of The W Foundation.
Official website here: www.thewfoundation.org
What is the revenue of The W Foundation?
The W Foundation's revenue in 2022 was $38,903.
Official website here: www.thewfoundation.org
Who are the executives of The W Foundation and what are their salaries?
There 45 volunteers at The W Foundation.
Here are 8 key members and their salaries:
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Official website here: www.thewfoundation.org
Where can I find the form 990 for The W Foundation?
The W Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thewfoundation.org
Learn more at the official website: www.thewfoundation.org
Mission Statement of The W Foundation
The W Foundation, a nonprofit organization, is dedicated to fostering humanitarian, cultural, and scientific endeavors. It achieves this by supporting organizations that educate and promote science, technology, engineering, mathematics, and economics. By providing financial backing to such organizations, The W Foundation aims to inspire innovation and knowledge-sharing in these fields.
In line with its mission, The W Foundation operates "The Space Station," a unique space museum. This hands-on museum offers visitors an immersive experience, allowing them to interact with genuine space-flown artifacts. Visitors can try on cosmonaut space gloves, wear prototype space helmets, sit in a spacecraft seat, and even stomp around in moon dust. The museum houses original flight equipment, including a lunar module engine bell, space suits, photographs, and other space artifacts. Moreover, NASA astronauts attend events at the museum to educate the public about space exploration, providing an enriching and informative experience.
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Impact
October, 2024
The W Foundation significantly impacts education and public engagement with science and technology through its commitment to fostering humanitarian, cultural, and scientific endeavors. By operating "The Space Station," a unique space museum, it provides hands-on educational experiences that captivate visitors and deepen their understanding of space exploration.
Visitors to The Space Station are offered rare opportunities to interact with authentic space-flown artifacts, including the chance to try on cosmonaut space gloves and wear prototype space helmets. This engaging environment not only makes the history of space exploration tangible but also inspires curiosity and passion for STEM (science, technology, engineering, and mathematics) fields among individuals of all ages.
The museum's collection includes significant historical items, such as a lunar module engine bell, space suits, and photographs, all of which serve as powerful educational tools. The presence of NASA astronauts at events further enhances the educational experience, allowing the public to learn directly from experts in the field.
Overall, The W Foundation fosters a deeper appreciation for science and technology, encouraging the next generation to explore careers in these critical areas by making space exploration accessible and exciting to the community.
This information is meant to be a general summary of The W 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.
- Investment Income: $3
- Gross Receipts: $38,903
Assets and Liabilities:
- Total Assets: $615,390
- Total Liabilities: $8,671
- Net Assets: $606,719
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Organization Details
Founding Year
2002
Phone
(415) 506-3070Principal Officer
Kenneth G Winans
Main Address
504 REDWOOD BLVD 210, NOVATO, CA, 94947
Website
www.thewfoundation.orgNTEE Category
Code: U113 - Science research
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