Intuit Foundation
- Assets
- $943.4k
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 12/2002
- Data as of
- 07/2020
- EIN
- 47-0860921
Organization Overview
Intuit Foundation is located in Mountain View, CA. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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.
For the year ending 07/2020, Intuit Foundation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $3.7m during the year ending 07/2020. While expenses have increased by 22.7% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lara Balazs Board Member | 0.75 | $0 | |
Sanket Atal Board Member | 0.75 | $0 | |
Chris Leahy Board Member | 0.75 | $0 | |
Kerry Mclean Board Member | 0.75 | $0 | |
Scott Beth Co Vice President | 0.75 | $0 | |
Dave Zasada Co Vice President | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,145,891 |
| Interest on Savings | $82 |
| 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 | $4,145,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $307,673 |
| Contributions, gifts, grants paid | $3,401,706 |
| Total expenses and disbursements | $3,709,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $943,354 |
| 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 | $943,354 |
| Accounts payable and accrued expenses | $13,121 |
| Grants payable | $351,047 |
| 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 | $364,168 |
Grants Awarded
Over the last fiscal year, Intuit Foundation has awarded $2,791,685 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ONLINE GIVING FOUNDATION (BENEVITY) PURPOSE: MATCHING GIFTS | $2,541,685 |
KIVA PURPOSE: MATCHING GIFTS | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ray And Dagmar Dolby Family Fund San Francisco, CA | $99,390,789 | $10,905,334 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $10,569,953 | $10,116,470 |
Colburn Music Fund Los Angeles, CA | $0 | $1,827,507 |
Herbalife Nutrtion Foundation Los Angeles, CA | $12,904,700 | $4,767,159 |
Kla-Tencor Foundation Milpitas, CA | $27,951,327 | $8,476,259 |
Frederick Gardner Cottrell Foundation Tucson, AZ | $51,564,715 | $11,154,134 |
Walter J & Betty C Zable Foundation San Diego, CA | $0 | $3,783,752 |
Harman Family Foundation Los Angeles, CA | $38,212,766 | $3,645,376 |
Kabcenell Family Foundation Portola Valley, CA | $21,668,470 | $1,693,426 |
Intuit Foundation Mountain View, CA | $943,354 | $4,145,973 |
In-N-Out Burgers Foundation Irvine, CA | $35,758,295 | $6,631,731 |
Gardner Grout Foundation Reno, NV | $44,721,641 | $3,909,054 |