Sequoia Foundation
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- La Jolla, CA
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 33-0100208
Organization Overview
Sequoia Foundation is located in La Jolla, CA. The organization was established in 1985. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Sequoia Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sequoia 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, Sequoia Foundation generated $1.3m 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 (5.7%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEQUOIA FOUNDATION'S MISSION IS TO IDENTIFY AND REDUCE ENVIRONMENTAL THREATS TO PUBLIC HEALTH. THIS MISSION IS ACHIEVED THROUGH RESEARCH COLLABORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC HEALTH RESEARCH AND DEVELOPMENT CONSISTS OF THE FOLLOWING: THE TOBACCO-RELATED DISEASE RESEARCH PROGRAM (TRDRP) AIMS TO ELIMINATE COMMERCIAL TOBACCO USE AND TOBACCO-RELATED DISEASES AND TO IMPROVE THE HEALTH AND WELL-BEING OF ALL CALIFORNIANS. STUDYING PUBLIC HEALTH EFFECTS OF INCREASED PRESCRIBED BURNS FOR WILDFIRE MANAGEMENT. BLOOD COLLECTION TO CREATE NEWBORN QUALITY ASSURANCE MATERIALS AND IMPROVE NEWBORN SCREENING LABORATORY METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Orbach Chairman | OfficerTrustee | 1 | $0 |
John Petterson Executive Dir. | Officer | 20 | $0 |
Ryan Petterson Director | Trustee | 1 | $0 |
Tom Kelly Director | Trustee | 10 | $0 |
Richard Kreutzer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,262,726 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,277,726 |
| Total Program Service Revenue | $0 |
| Investment income | $1,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,907 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,294,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $19,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $450,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $131,638 |
| Payroll taxes | $34,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,200 |
| Fees for services: Accounting | $2,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,852 |
| Advertising and promotion | $173 |
| Office expenses | $106,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,447 |
| Travel | $113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,484 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,222 |
| All other expenses | $0 |
| Total functional expenses | $1,107,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,694 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,793 |
| Loans from Officers, Directors, or Controlling Persons | $344,699 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $226,792 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,381,979 |
| Accounts payable and accrued expenses | $53,939 |
| Grants payable | $0 |
| Deferred revenue | $1,030,821 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $172,628 |
| Other liabilities | $0 |
| Total liabilities | $1,257,388 |
| Net assets without donor restrictions | $124,591 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,381,979 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sequoia Foundation has recieved totaling $39,603.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Research / Project Support | $37,603 |
Philip W Riskin Charitable Foundation Inc Clifton, NJ PURPOSE: CHARITY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |
Americas Best Local Charities San Rafael, CA | $3,431,052 | $16,765,664 |
Bill Hannon Foundation Los Angeles, CA | $17,238,236 | $4,285,811 |
It Is Written Inc Riverside, CA | $12,378,597 | $15,533,924 |
Friends Of Family Health Center La Habra, CA | $48,269,218 | $21,982,956 |
Family Assistance Ministries San Clemente, CA | $4,435,253 | $12,485,569 |
Hidaya Foundation Santa Clara, CA | $4,651,500 | $12,437,401 |
Hyundai Hope On Wheels Fountain Valley, CA | $12,616,829 | $14,561,310 |
Philanthropic Impact Fund Beverly Hills, CA | $0 | $3,313,525 |
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |