Quest Foundation
- Assets
- $120.1m
- Revenue
- $12.9m
- Investments
- $114.6m
- Employees
- 0
- Location
- Danville, CA
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 20-1844715
Organization Overview
Quest Foundation is located in Danville, CA. The organization was established in 2005. 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. Quest Foundation 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, Quest Foundation generated $12.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $8.2m during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Quest Foundation has awarded 1,431 individual grants totaling $51,109,629. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Jernstedt Executive Director, CFO & Director | 32 | $181,568 | |
Jaci Jernstedt Assistant Foundation Manager, Assistan | 15 | $37,654 | |
Myla Lara Foundation Manager | 9.89 | $30,377 | |
Dorothy Jernstedt President & Director | 2 | $0 | |
Jennifer Jernstedt Secretary, Audit Committee Chair & Dir | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,654,481 |
| Interest on Savings | $476,964 |
| Dividends & Interest | $1,885,697 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,875,651 |
| Capital Gain Net Income | $9,034,547 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,892,793 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $219,222 |
| Other employee salaries and wages | $30,378 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $281,354 |
| Depreciation | $0 |
| Occupancy | $43,181 |
| Travel, conferences, and meetings | $3,041 |
| Printing and publications | $540 |
| Other expenses | $7,939 |
| Total operating and administrative expenses | $1,113,657 |
| Contributions, gifts, grants paid | $7,110,031 |
| Total expenses and disbursements | $8,223,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,590 |
| Savings and temporary cash investments | $5,080,814 |
| 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 | $47,019 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,481,205 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $64,640 |
| Total assets | $120,069,342 |
| Accounts payable and accrued expenses | $107,074 |
| Grants payable | $1,168,879 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $479,146 |
| Total liabilities | $1,755,099 |
Grants Awarded
Over the last fiscal year, Quest Foundation has awarded $8,060,020 in support to 215 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: NEW LEADERS PRINCIPAL PARTNERS PROGRAM | $150,000 |
FRIENDS OF THE CHILDREN - SF BAY AREA PURPOSE: FRIENDS OF THE CHILDREN - SF BAY AREA - THREE PROFESSIONAL MENTORS | $150,000 |
Portland, OR PURPOSE: IMPACTING GENERATIONAL CHANGE BY EMPOWERING YOUTH WHO ARE FACING THE GREATEST OBSTACLES THROUGH RELATIONSHIPS WITH PROFESSIONAL MENTORS | $135,000 |
Oakland, CA PURPOSE: EQUIP STUDENTS CONFRONTING SYSTEMIC BARRIERS TO EARN A BACHELOR'S DEGREE IN PURSUIT OF A LIFE OF OPPORTUNITY, CHOICE, AND POWER. | $123,865 |
READING PARTNERS PURPOSE: TO HELP CHILDREN BECOME LIFELONG READERS BY EMPOWERING COMMUNITIES TO PROVIDE INDIVIDUALIZED INSTRUCTION WITH MEASURABLE RESULTS. | $100,000 |
SAFE AND SOUND (FKA SAN FRANCISCO CHILD ABUSE PREVENTION CENTER) PURPOSE: TO PREVENT CHILD ABUSE AND REDUCE ITS DEVASTATING IMPACT. | $100,000 |
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 |