George And Lena Valente Foundation
- Assets
- $11.2m
- Revenue
- $896.7k
- Investments
- $10.8m
- Employees
- 0
- Location
- El Macero, CA
- Founding
- 05/1996
- Data as of
- 09/2021
- EIN
- 68-0370358
Organization Overview
George And Lena Valente Foundation is located in El Macero, CA. The organization was established in 1996. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George And Lena Valente 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 09/2021, George And Lena Valente Foundation generated $896.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. While expenses have increased by 10.0% per year over the past 5 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.
Since 2015, George And Lena Valente Foundation has awarded 155 individual grants totaling $4,019,638. 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 L Volkerts President | 2 | $0 | |
Drake Volkerts Board Member | 0.15 | $0 | |
Jared Monez Board Member | 0.15 | $0 | |
Theresa Pepin Board Member | 0.15 | $0 | |
Denise Rose Board Member | 0.15 | $0 | |
Gene Hume Treasurer | 0.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Presidium Partners Llc | 9/29/21 | $69,268 |
Hume And Company Inc Cpa's | 9/29/21 | $13,745 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $140 |
| Dividends & Interest | $185,843 |
| 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 | $710,683 |
| Total Revenue | $896,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $96,581 |
| Contributions, gifts, grants paid | $1,195,000 |
| Total expenses and disbursements | $1,291,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,234 |
| 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 | $10,781,098 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,194,332 |
| 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 | $9,066 |
| Total liabilities | $9,066 |
Grants Awarded
Over the last fiscal year, George And Lena Valente Foundation has awarded $1,195,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
UC DAVIS SCHOOL OF MEDICINE PURPOSE: MEDICAL RESEARCHMEDICAL RESEARCHMEDICAL RESEARCHMEDICAL RESEARCH | $120,000 |
UCD MIND INSTITUTE PURPOSE: MEDICAL RESEARCH | $100,000 |
Davis, CA PURPOSE: HOSPICE CARE | $100,000 |
CHRISTIAN BROTHERS HIGH SCHOOL PURPOSE: EDUCATIONAL PROGRAMS | $60,000 |
CRISTO REY HIGH SCHOOL PURPOSE: EDUCATIONAL PROGRAMSEDUCATIONAL PROGRAMS | $60,000 |
Woodland, CA PURPOSE: FOOD CLOSET PROGRAM | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plusoneplusoneplusone San Francisco, CA | $5,684,709 | $11,808,551 |
Childrens Cancer Association Portland, OR | $5,324,937 | $6,576,998 |
Nevada Urban Indians Inc Reno, NV | $1,731,908 | $3,144,359 |
Wallowa Resources Enterprise, OR | $1,481,576 | $2,430,712 |
Maui County Community Television Inc Kahului, HI | $4,912,699 | $2,059,927 |
The Kuhn Foundation Santa Monica, CA | $12,029,147 | $2,231,432 |
Business Arts Plaza Inc Burbank, CA | $87,991,215 | $6,547,572 |
Nevada Rural Counties Rsvp Program Inc Carson City, NV | $434,499 | $1,716,339 |
Rancho Los Cerritos Foundation Long Beach, CA | $2,512,679 | $1,540,496 |
W O L F Moorpark, CA | $765,817 | $1,467,427 |
Create Academy Inc Tempe, AZ | $184,127 | $1,377,364 |
Shakespeare Play On Santa Cruz, CA | $3,202,482 | $2,096,481 |