Sorci Family Foundation
- Assets
- $1.6m
- Revenue
- $69.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 77-0481215
Organization Overview
Sorci Family Foundation is located in San Jose, CA. The organization was established in 1998. 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. Sorci 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 12/2023, Sorci Family Foundation generated $69.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $114.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sorci Family Foundation has awarded 100 individual grants totaling $765,700. 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 |
|---|---|---|---|
Margaret L Bummer Vice President/secretary | 1 | $0 | |
Roselee Y Dague President/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,891 |
| Dividends & Interest | $24,330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,254 |
| Capital Gain Net Income | $27,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,475 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,213 |
| Total operating and administrative expenses | $28,588 |
| Contributions, gifts, grants paid | $86,000 |
| Total expenses and disbursements | $114,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,649 |
| Savings and temporary cash investments | $61,693 |
| 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 | $0 |
| Total assets | $1,624,211 |
| 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, Sorci Family Foundation has awarded $86,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SANDY FEET INITIATIVE PURPOSE: DONATION | $10,000 |
NOR CAL ACADEMY PURPOSE: DONATION | $10,000 |
PARISI HOUSE PURPOSE: DONATION | $3,000 |
AMIGOS DE GUADALUPE PURPOSE: DONATION | $25,000 |
NO TIME TO WASTE PURPOSE: DONATION | $5,000 |
WOUNDED WARRIOR PROJECT PURPOSE: DONATION | $5,000 |