Straubel Family Foundation
- Assets
- $23.8m
- Revenue
- $489.8k
- Investments
- $23.4m
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 47-4415048
Organization Overview
Straubel Family Foundation is located in Redwood City, CA. The organization was established in 2017. 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. Straubel Family 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, Straubel Family Foundation generated $489.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (41.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Straubel Family Foundation has awarded 31 individual grants totaling $1,759,487. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey B Straubel President | 0 | $0 | |
Boryana S Straubel Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $194,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $285,491 |
| Capital Gain Net Income | $285,491 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $489,820 |
| 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 | $179 |
| Printing and publications | $0 |
| Other expenses | $3,198 |
| Total operating and administrative expenses | $15,877 |
| Contributions, gifts, grants paid | $1,270,774 |
| Total expenses and disbursements | $1,286,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,122 |
| Savings and temporary cash investments | $4,161 |
| 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 | $420,000 |
| Total assets | $23,839,677 |
| 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, Straubel Family Foundation has awarded $1,112,750 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GOLDMAN SACHS PHILANTHROPY FUND PURPOSE: CASH GIFT | $1,070,000 |
BLADE SPORTS CLUB ASSOCIATION PURPOSE: CASH GIFT | $20,000 |
ASIAN PACIFIC FUND PURPOSE: CASH GIFT | $10,000 |
THE DISCOVERY MUSEUM (NVDMORG) PURPOSE: CASH GIFT | $5,000 |
MIDWEST RENEWABLE ENERGY ASSOCIATION PURPOSE: CASH GIFT | $7,750 |