Linda Brandes Foundation
- Assets
- $7.4m
- Revenue
- $252.0k
- Investments
- $7.1m
- Employees
- 0
- Location
- Rancho Santa Fe, CA
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 56-2511857
Organization Overview
Linda Brandes Foundation is located in Rancho Santa Fe, CA. The organization was established in 2005. 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. Linda Brandes 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, Linda Brandes Foundation generated $252.0k 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 (10.4%) each year. All expenses for the organization totaled $473.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Linda Brandes Foundation has awarded 79 individual grants totaling $3,546,421. 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 |
|---|---|---|---|
Linda Brandes President | 5 | $0 | |
Valerie Sullivan Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $203,252 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,468 |
| Capital Gain Net Income | $55,468 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$6,734 |
| Total Revenue | $251,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,014 |
| Taxes | $9,166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $60,231 |
| Contributions, gifts, grants paid | $413,000 |
| Total expenses and disbursements | $473,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $296,185 |
| 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 | $6,146,045 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,428,289 |
| 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, Linda Brandes Foundation has awarded $413,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ETTIE LEE YOUTH AND FAMILY PURPOSE: YOUTH SERVICES/CHILD WELFARE, FUNDING OF FOSTER AND RESIDENTIAL CARE | $150,000 |
HELEN WOODWARD ANIMAL CENTER PURPOSE: ANIMAL WELFARE, FUNDING OF CARE AND TREATMENT OF ANIMALS | $5,000 |
KIDS TURN PURPOSE: YOUTH AND FAMILY SERVICES, FUNDING OF SUPPORT FOR CHILDREN EXPERIENCING FAMILY SEPARATION | $5,000 |
ARTSBUSXPRESS PURPOSE: CHILDREN AND YOUTH SERVICES, FUNDING OF TRANSPORTATION FOR STUDENTS TO ARTS AND SCIENCES | $11,000 |
INSTITUTE OF CONTEMPORARY ART SAN DIEGO PURPOSE: VISUAL ARTS, FUNDING OF ADVANCEMENT OF REGIONAL CONTEMPORARY ARTS AND ARTS EDUCATION | $242,000 |