The Wrap Foundation
Nonprofit profile at a glance
- EIN
- 320568926
- IRS 990-EZ coverage
- 2018–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Los Angeles, CA, USA
- Phone
- 4242480662
- Rating confidence
- Limited
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $-25,000
- Expenses
- $1,126
- Assets
- $57,403
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- SHARON WAXMAN (CHIEF EXECUTIVE OFFICER)
People named in this filing
- SHARON WAXMAN (CHIEF EXECUTIVE OFFICER)
- CLAUDE MEMMI (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To break down barriers and expand opportunities for nontraditional individuals in entertainment, media, and technology by providing strategic funding, meaningful access, and transformative experiences that foster professional growth and industry advancement.
What it reported doing in 2025
Creating unprecedented opportunities for students, women, people of color, economically disadvantaged individuals, and other nontraditional groups to engage directly with industry leaders, decision-makers, and influential power players who shape the future of entertainment, media, and technology.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 46
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -104.5%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 50.98; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -66.4% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -1.2% per year; rating input score 0; 33rd percentile among comparable filings
Details
- Where the money goes: 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2018 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.