Skywords Family Foundation Inc A New Corporation
- Assets
- $100.1m
- Revenue
- $2.8m
- Investments
- $82.8m
- Employees
- 0
- Location
- Tiburon, CA
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 20-1247525
Organization Overview
Skywords Family Foundation Inc A New Corporation is located in Tiburon, CA. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skywords Family Foundation Inc A New Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Skywords Family Foundation Inc A New Corporation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Skywords Family Foundation Inc A New Corporation has awarded 66 individual grants totaling $24,044,143. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION IS IMPROVING AND CONSTRUCTING BUILDINGS ON A PROPERTY IN BOONVILLE, CALIFORNIA TO SERVE AS AN AGRICULTURAL/HORTICULTURAL-BASED PUBLIC LENDING LIBRARY AND AFFILIATED EDUCATIONAL PROGRAMS TO FURTHER THE LEGACY AND WORK OF THE LATE HORTICULTURAL TEACHER AND RESEARCHER ALAN CHADWICK. THIS PROGRAM INCLUDES VOCATIONAL TRAINING IN AGRICULTURE AND HORTICULTURE AS WELL AS PROVIDING SUBSIDIZED HOUSING FOR LOW-INCOME AGRICULTURAL WORKERS IN THIS RURAL VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Souza Dias VP Of Admin | 15 | $67,902 | |
Christopher Tebbutt Manager | 20 | $62,264 | |
Michael Davis President | 30 | $38,000 | |
Janet Jyll Johnstone Secretary/treas | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shartsis Friese Llp | 12/30/21 | $62,227 |
Wells Fargo | 12/30/21 | $181,009 |
Morrison & Foerster Llp | 12/30/21 | $135,781 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,247 |
| Interest on Savings | $72,771 |
| Dividends & Interest | $2,024,346 |
| Net Rental Income | $2,404 |
| Net Gain on Sale of Assets | $689,089 |
| Capital Gain Net Income | $689,089 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,804,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,751 |
| Other employee salaries and wages | $173,202 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $93,267 |
| Depreciation | $32,652 |
| Occupancy | $40,229 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $388,964 |
| Total operating and administrative expenses | $1,285,824 |
| Contributions, gifts, grants paid | $3,652,000 |
| Total expenses and disbursements | $4,937,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,395,369 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,171,401 |
| Other assets | $8,796,482 |
| Total assets | $100,121,408 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,462 |
| Total liabilities | $1,462 |
Grants Awarded
Over the last fiscal year, Skywords Family Foundation Inc A New Corporation has awarded $3,652,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CANOBIE FILMS INC PURPOSE: TO FURTHER CHARITABLE AND EDUCATIONAL PURPOSES IN THE LOCAL COMMUNITY. | $1,600,000 |
GINUNGAGAP FOUNDATION PURPOSE: TO FURTHER CHARITABLE AND EDUCATIONAL PURPOSES IN THE LOCAL COMMUNITY. | $1,300,000 |
CHADWICK LIBRARY PRESS PURPOSE: TO FURTHER CHARITABLE AND EDUCATIONAL PURPOSES IN THE LOCAL COMMUNITY. | $600,000 |
RSF SOCIAL FINANCE PURPOSE: TO FURTHER CHARITABLE AND EDUCATIONAL PURPOSES IN THE LOCAL COMMUNITY. | $100,000 |
ECOLOGY ACTION PURPOSE: TO FURTHER CHARITABLE AND EDUCATIONAL PURPOSES IN THE LOCAL COMMUNITY. | $25,000 |
FRIENDS OF CONGO PURPOSE: TO FURTHER CHARITABLE PURPOSES TO BRING PEACEFUL & LASTING CHANGE IN THE DEMOCRATIC REPUBLIC OF CONGO. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |