Quest Foundation
- Assets
- $97.9m
- Revenue
- $5.9m
- Investments
- $94.2m
- Employees
- 0
- Location
- Danville, CA
- Founding
- 04/2005
- Data as of
- 12/2022
- 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 12/2022, Quest Foundation generated $5.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $8.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Quest Foundation has awarded 2,045 individual grants totaling $73,943,117. 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 | $181,647 | |
Jaci Jernstedt Assistant Foundation Manager, Assistan | 15 | $38,599 | |
Myla Lara Foundation Manager | 10 | $31,560 | |
Dorothy Jernstedt President & Director | 2 | $0 | |
Jennifer Jernstedt Secretary, Audit Committee Chair & Dir | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,679,101 |
| Interest on Savings | $48,324 |
| Dividends & Interest | $2,421,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,754,029 |
| Capital Gain Net Income | $2,173,606 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,903,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,246 |
| Other employee salaries and wages | $31,559 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $45,572 |
| Travel, conferences, and meetings | $7,655 |
| Printing and publications | $1,276 |
| Other expenses | $7,498 |
| Total operating and administrative expenses | $801,517 |
| Contributions, gifts, grants paid | $7,558,922 |
| Total expenses and disbursements | $8,360,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,360 |
| Savings and temporary cash investments | $3,302,813 |
| 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 | $157,613 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,820,155 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $93,389 |
| Total assets | $97,905,568 |
| Accounts payable and accrued expenses | $26,813 |
| Grants payable | $866,773 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $217,347 |
| Total liabilities | $1,110,933 |
Grants Awarded
Over the last fiscal year, Quest Foundation has awarded $8,695,682 in support to 217 organizations.
| Grant Recipient | Amount |
|---|---|
ACED PURPOSE: TO HELP THE YONGER GENERATION LEARN ABOUT GIVING AND VOLUNTEERING | $24,000 |
AIM HIGH FOR HIGH SCHOOL PURPOSE: NARROWING THE ACHIEVEMENT AND OPPORTUNITY GAPS IN THE EAST BAY | $100,000 |
AMERICA SCORES BAY AREA PURPOSE: TO EMPOWER CHILDREN TO LEAD HEALTHY LIFESTYLES, BE ENGAGED AND COLLABORATIVE STUDENTS AND HAVE THE CONFIDENCE AND CHARACTER TO MAKE A DIFFERENCE IN THE WORLD. | $35,000 |
ARISE HIGH SCHOOL PURPOSE: TO HELP STUDENTS FROM LOW-INCOME FAMILIES TO GO TO COLLEGE | $9,923 |
ASANTE AFRICA FOUNDATION PURPOSE: SUSTAINING, SCALING AND SKILL-BUILDING FOR GIRL-LED CLUBS | $60,000 |
ASPIRE EDUCATION PROJECT PURPOSE: EMPOWER STUDENTS TO MEANINGFULLY BETTER THEIR GRADES AND SUSTAINED SUCCESS IN THE NEXT STEPS OF THEIR EDUCATIONAL CAREERS | $25,000 |