Family Office Foundation Incorporated
- Assets
- $113.2m
- Revenue
- $10.8m
- Investments
- $108.5m
- Employees
- 0
- Location
- Costa Mesa, CA
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-2788229
Organization Overview
Family Office Foundation Incorporated is located in Costa Mesa, CA. The organization was established in 2015. 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. Family Office Foundation Incorporated 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, Family Office Foundation Incorporated generated $10.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year.
Since 2018, Family Office Foundation Incorporated has awarded 330 individual grants totaling $9,428,083. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL ASSISTANCE TO OTHER CHARITABLE ORGANIZATIONS DESCRIBED IN IRC 501(C)(3).
Describe the Organization's Program Activity:
FINANCIAL SUPPORT TO APPROVED IRC 501(C)3 CHARITIES THAT FURTHER EDUCATIONAL, RELIGIOUS, OR OTHER CAUSES CONSISTENT WITH THE DONORS' PHILANTHROPIC DESIRES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Voorhees President/treasurer | OfficerTrustee | 5 | $0 |
Ed Cotney Secretary | OfficerTrustee | 5 | $0 |
David Castor Director/attorney | Trustee | 5 | $0 |
Darryl Sopata Director/analyst | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,429,913 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,429,913 |
| Total Program Service Revenue | $0 |
| Investment income | $1,304,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $56,575 |
| Net Rental Income | $35,354 |
| Net Gain/Loss on Asset Sales | $230,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,790,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,154,730 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $402,088 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,887,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,732,507 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| 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 | $108,488,935 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,830 |
| Total assets | $113,230,272 |
| Accounts payable and accrued expenses | $811 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $348,889 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $349,700 |
| Net assets without donor restrictions | $0 |
| 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 | $112,880,572 |
| Total liabilities and net assets/fund balances | $113,230,272 |
Grants Awarded
Over the last fiscal year, Family Office Foundation Incorporated has awarded $1,812,910 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
Giddings, TX PURPOSE: GENERAL ASSISTANCE | $162,500 |
Memphis, TN PURPOSE: GENERAL ASSISTANCE | $134,000 |
CALIMESA SEVENTH-DAY ADVENTIST CHURCH PURPOSE: GENERAL ASSISTANCE | $77,500 |
Sun Valley, CA PURPOSE: GENERAL ASSISTANCE | $62,000 |
Austin, TX PURPOSE: GENERAL ASSISTANCE | $60,000 |
Loma Linda, CA PURPOSE: GENERAL ASSISTANCE | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |