Walter and Elise Haas Fund

Nonprofit profile at a glance

EIN
946068564
IRS 990-PF coverage
2014–2024
Forms available
Form 990-PF 2024, Form 990-T 2024
Location
San Francisco, CA, USA
Phone
4153984474
Rating
90
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$26,449,628
Expenses
$16,944,267

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Walter and Elise Haas Fund is a nonprofit. Location: San Francisco, CA. EIN 946068564. Tax year 2024 Form 990-PF reports $26.4M revenue and $16.9M expenses.

What it reported funding in 2024

The foundation reported 243 grants totaling $11,532,458. The stated grant purposes included one year of general operating support to provide arts and culture programming and community engagement to combat polarization in the south asian community through the formation of an empathy center, one year of general operating support for 3rd i south asian independent films san francisco international south asian film festival in september 2022 and for year-round screenings and events, and one year of general operating support, plus 167 other reported purposes.

Operating model

Revenue model
Other-operating. 97% of the foundation's positive operating resources came from other operating revenue.
Distribution model
Grant intermediary. The foundation distributed 75% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 68
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 59

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 65th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 68.1%; rating input score 68; 26th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 22.72; rating input score 59; 59th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 59th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 252 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Endowment Health: Endowment-health comparison scored 59/100.