Flextronics Foundation
- Assets
- $10.4m
- Revenue
- $1.4m
- Investments
- $9.2m
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 77-0567788
Organization Overview
Flextronics Foundation is located in San Jose, CA. The organization was established in 2001. 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. Flextronics 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, Flextronics Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 3.0% 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 2020, Flextronics Foundation has awarded 155 individual grants totaling $4,669,103. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLEX FOUNDATION INVESTS GLOBALLY AND SERVES AS A CATALYST FOR POSITIVE CHANGE IN COMMUNITIES AROUND THE WORLD. THE FOUNDATION IS FOCUSED ON BEING AN ASSET TO THESE COMMUNITIES THROUGH DISASTER AND COMMUNITY RELIEF AND EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Stewart Secretary | 1 | $0 | |
Emad Sharqawi Treasurer | 1 | $0 | |
Jason Spicer Cfo/chairman | 1 | $0 | |
Kyra Whitten Chairman/president | 1 | $0 | |
Barjouth Aguilar Officer | 1 | $0 | |
Nur Amalina Binti Mohd Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $129,770 |
| Dividends & Interest | $177,427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,721 |
| Capital Gain Net Income | $113,721 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,420,918 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $319 |
| Total operating and administrative expenses | $56,256 |
| Contributions, gifts, grants paid | $1,004,657 |
| Total expenses and disbursements | $1,060,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,158,776 |
| 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 | $1,774,143 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,408,319 |
| 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, Flextronics Foundation has awarded $1,004,657 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN NATIONAL RED CROSS PURPOSE: DISASTER RELIEF AND CLIMATE ACTION | $50,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: HAWAII WILDFIRES | $10,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: CALIFORNIA FLOODS AND STORMS | $10,000 |
ANELO INSTITUTE PURPOSE: THE MUSIC AND ENVIRONMENT MONTH | $7,000 |
ASOCIATIA FABER PURPOSE: BRIGHT CITYSCAPES MEDIATION PROGRAM (BCMP) | $22,983 |
ASSOCIACAO AMOR EM CRISTO PURPOSE: PROJETO GERAR (PROJECT GENERATE) | $15,000 |