Willis Wonderland Foundation

Nonprofit profile at a glance

EIN
861821345
IRS 990-EZ coverage
2022–2023
Forms available
Form 990-EZ 2023
Location
Santa Monica, CA, USA
Phone
3104580080
Rating
40
Verdict
MIXED
Rating confidence
Moderate
Sector
History Museums

Reported finances

Revenue
$117,151
Expenses
$442,193
Assets
$13,681
Liabilities
$190,000

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • PRUDENCE FENTON (PRESIDENT)

People named in this filing

  • PRUDENCE FENTON (PRESIDENT)
  • VICTORIA VICKERS (SECRETARY)
  • TINA FASBENDER (TREASURER)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The willis wonderland foundation is a nonprofit 501(c)3 that supports the education and advancement of songwriters and multimedia artists, notably those from underserved communities. Perpetuating the legacy and extraordinary creative vision of allee willis, the foundation supports young and diverse artists through mentorships, seminars, lectures, and tours. The willis wonderland, allee's home in north hollywood, ca, houses one of the world's largest collections of pop-culture artifacts and kitsch in north america.

What it reported doing in 2023

Our most ambitious program is the next level songwriters workshop. 12 songwriters who were selected from 425 applicants participated in seven weeks of mentored online sessions. Participants traveled to los angeles where the foundation booked a professional recording studio to refine their work with the help of producers, engineers, studio musicians and vocalists.the songwriters will also be introduced to major contacts in the business with the goal of forming relationships that lead to contracts and publishing deals.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 9
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • 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: Yes; rating input score 100

Sustainability

  • Operating margin: -277.5%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 13.89; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -35.2% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -168.3% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • 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: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.