Sunpower Foundation
- Assets
- $114.3k
- Revenue
- $353.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, CA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3580015
Organization Overview
Sunpower Foundation is located in Richmond, CA. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Sunpower 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, Sunpower Foundation generated $353.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $303.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sunpower Foundation has awarded 130 individual grants totaling $1,935,799. 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 |
|---|---|---|---|
Todd Reeves CEO | 1 | $0 | |
Joanne Endow CFO | 1 | $0 | |
Ben Einhouse Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $353,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $353,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,224 |
| Total operating and administrative expenses | $1,224 |
| Contributions, gifts, grants paid | $302,128 |
| Total expenses and disbursements | $303,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,258 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $114,258 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sunpower Foundation has awarded $302,128 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHT FUNDS FOUNDATION PURPOSE: EMPOWER PEOPLE TO BE MEANINGFUL,EFFECTIVE AND ENGAGED PHILANTROPISTS | $84,663 |
RISING SUN CENTER FOR OPPORTUNITY PURPOSE: BUILGING CAREER PATHWAYS FOR ECONOMIC EQUALITY AND CLIMATE RESILIENCE THROUGH WORKFORCE DEVELOPMENT PROGRAMS SPECIALIZING IN PREPARING CHILDREN, WOMEN AND PEOPLE OF COLOR IN HIGH ROAD CAREERS IN THE BAY AREA. | $11,500 |
WE CARE SOLAR PURPOSE: PROGRAM WORKS ON SAVING LIVES IN CHILDBIRTH BY MAKING SOLAR POWER SIMPLE, ACCESSIBLE AND AFFORDABLE. | $25,000 |
BRIGHTEN HAITI PURPOSE: PROGRAM FOCUSES ON BRINING SOLAR ELECTRICITY TO THE VILLAGE OF DURISSY, HAITI TO SUPPORT EDUCATION, PROVIDE JOBS, STIMULATE ECONOMIC DEVELOPMENT AND TO END POVERTY. | $5,000 |
GOOD SUN SOLAR PURPOSE: UTILIZING SECOND-HAND SOLAR MARKET TO HASTEN THE TRANSITION TO A CLEAN POWER ECONOMY | $46,715 |
ALAMEDA COUNTY COMMUNITY FOOD BANK PURPOSE: PASSIONATELY PURSUES A HUNGER-FREE COMMUNITY. | $5,000 |