Sobrato Foundation
- Assets
- $153.2m
- Revenue
- $3.7m
- Investments
- $34.3m
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 80-0091312
Organization Overview
Sobrato Foundation is located in Mountain View, CA. The organization was established in 2004. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Sobrato 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, Sobrato Foundation generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $21.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOBRATO FOUNDATION SUPPORTS NONPROFITS AND SOCIAL IMPACT ORGANIZATIONS SERVING AT-RISK AND VULNERABLE MEMBERS OF OUR COMMUNITY. THE FOUNDATION ALSO MAKES INVESTMENTS TO SUPPORT PHILANTHROPIC ACTIVITIES RECOMMENDED BY INDIVIDUAL SOBRATO FAMILY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL NONPROFIT SUPPORT: SUPPORT FOR LOCAL PHILANTHROPIC AND COMMUNITY BASED ORGANIZATIONS.
ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kovich Properties Ltd Property Management | 12/30/15 | $866,890 |
First Alarm Security & Patrol Security Services | 12/30/15 | $109,582 |
De Haro Mechanical Building Improvements | 12/30/15 | $418,688 |
Silicon Valley Mechanical Building Improvements | 12/30/15 | $268,100 |
All Seasons Roofing & Solar Building Improvements | 12/30/15 | $184,230 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $164,423 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,423 |
| Total Program Service Revenue | $72,899 |
| Investment income | $394,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,059,384 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,690,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,395,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $322,814 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,390 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,462,621 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,947,884 |
| Insurance | $16,148 |
| All other expenses | $0 |
| Total functional expenses | $21,179,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $931,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,578 |
| Net Land, buildings, and equipment | $117,840,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,341,163 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $153,186,156 |
| Accounts payable and accrued expenses | $335,935 |
| Grants payable | $975,268 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $285,285 |
| Total liabilities | $1,596,488 |
| Net assets without donor restrictions | $151,589,668 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $153,186,156 |
Grants Awarded
Over the last fiscal year, Sobrato Foundation has awarded $15,840,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Mountain View, CA PURPOSE: General Nonprofit Support | $11,820,000 |
INTERNATIONAL LAND AND FOREST TENURE FACILITY PURPOSE: Environment | $2,000,000 |
Washington, DC PURPOSE: Environment | $750,000 |
New York, NY PURPOSE: Environment | $750,000 |
Mountain View, CA PURPOSE: General Nonprofit Support | $445,000 |
New York, NY PURPOSE: Environment | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sobrato Foundation has recieved totaling $164,423.
| Awarding Organization | Amount |
|---|---|
Real Estate Trust At Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $164,423 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William N Pennington Foundation Reno, NV | $502,236,790 | $24,914,184 |
Sobrato Foundation Mountain View, CA | $153,186,156 | $3,690,713 |
Cause Communications Los Angeles, CA | $1,679,573 | $7,838,789 |
Henderson Family Foundation A California Charitable Organization Burlingame, CA | $111,333,025 | $137,987,606 |
Childrens Initiative San Diego, CA | $3,333,433 | $3,356,719 |
3200 Adams Holding Corp Los Angeles, CA | $13,494,424 | $950,940 |
Gvngorg Beverly Hills, CA | $461,558 | $999,295 |
Arizona Grantmakers Forum Phoenix, AZ | $0 | $309,042 |
League Of California Community Foundations Sonora, CA | $1,702,745 | $954,379 |
La-Tech Org Santa Monica, CA | $413,917 | $840,684 |
Cornerstone Ondemand Foundation Santa Monica, CA | $241,025 | $470,878 |
Transformational Opportunities Inc Prescott Valley, AZ | $130,151 | $365,740 |