The 1440 Foundation
- Assets
- $206.7m
- Revenue
- $19.8m
- Investments
- $50.1m
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 77-0456449
Organization Overview
The 1440 Foundation is located in Saratoga, CA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. 1440 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 12/2021, 1440 Foundation generated $19.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $18.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
OUR EDUCATIONAL FACILITY OPENED AT THE END OF MAY 2017 AND HOSTED OVER 150 PROGRAMS AND CONFERENCES THAT FOCUSED ON WHOLE PERSON AND PROFESSIONAL DEVELOPMENT AS WELL AS HEALTH AND WELLNESS PROGRAMS SERVING OVER 8,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Ashmore Managing Director | 40 | $305,910 | |
Larry Maloney Director Of Finance | 40 | $195,170 | |
Kathleen Kennedy Executive Director | 40 | $192,816 | |
Kenny Woods Executive Chef | 40 | $153,546 | |
Erik Dubois Director Of It And A | 40 | $151,607 | |
Joan Kriens President | 40 | $77,643 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Finlayson Construction | 12/30/21 | $998,139 |
William Hoos | 12/30/21 | $178,090 |
Robin Mercer | 12/30/21 | $28,914 |
Lucenscia Llc | 12/30/21 | $27,506 |
Shiftit Institute Llc | 12/30/21 | $38,441 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,515,354 |
| Interest on Savings | $110,567 |
| Dividends & Interest | $158,124 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,325,551 |
| Capital Gain Net Income | $6,325,551 |
| Net ST Capital Gain | $25,120 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$32,167 |
| Other Income | $3,731,028 |
| Total Revenue | $19,808,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $140,817 |
| Other employee salaries and wages | $4,814,069 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $104,060 |
| Depreciation | $4,128,024 |
| Occupancy | $27,026 |
| Travel, conferences, and meetings | $101,115 |
| Printing and publications | $0 |
| Other expenses | $4,419,452 |
| Total operating and administrative expenses | $14,866,967 |
| Contributions, gifts, grants paid | $4,000,000 |
| Total expenses and disbursements | $18,866,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,171,263 |
| Net Accounts receivable | $179,375 |
| 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 | $203,997 |
| Prepaid expenses and deferred charges | $83,974 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $42,550,865 |
| Net Land, buildings, and equipment | $120,115,187 |
| Other assets | $1,749,799 |
| Total assets | $206,653,487 |
| Accounts payable and accrued expenses | $183,209 |
| 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 | $2,028,619 |
| Total liabilities | $2,211,828 |
Grants Awarded
Over the last fiscal year, The 1440 Foundation has awarded $421,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SILICON VALLEY CHARITABLE FOUNDATION PURPOSE: TO SUPPORT THE SILICON VALLEY COMMUNITY | $400,000 |
Minneapolis, MN PURPOSE: MAPPING PROJECT ON THE INTERSION OF SPIRITUALITY AND HEALTH | $21,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The 1440 Foundation has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
The Health Trust San Jose, CA PURPOSE: SEE PART IV | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |
Reed Family Giving Palo Alto, CA | $0 | $1,785,630 |
Perenchio Foundation Pasadena, CA | $23,143,013 | $16,139,490 |
Elbridge Stuart Foundation San Francisco, CA | $0 | $50,927,983 |
Chamberlin Family Foundation Richmond, CA | $3,805,906 | $611,005 |
May And Stanley Smith Charitable Trust Corte Madera, CA | $490,127,774 | $29,599,485 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Scully Memorial Foundation San Rafael, CA | $838,174,417 | $32,779,151 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Windsong Tr Manhattan Beach, CA | $426,534,426 | $49,190,132 |