128 Collective Foundation
- Assets
- $46.2m
- Revenue
- $2.8m
- Investments
- $45.6m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-2899018
Organization Overview
128 Collective Foundation is located in Palo Alto, CA. The organization was established in 2019. 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. 128 Collective 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, 128 Collective Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (38.8%) each year. All expenses for the organization totaled $10.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, 128 Collective Foundation has awarded 309 individual grants totaling $28,036,742. 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 |
|---|---|---|---|
Theresa Preston-Werner Co-President/director | 0.4 | $0 | |
Thomas Preston-Werner Co-President/director | 0.4 | $0 | |
Jake Werner Director | 0.4 | $0 | |
Tom Van Loben Sels Cfo/co-Secretary | 0.1 | $0 | |
Kathleen Goss Co-Secretary | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co Llc | 12/30/23 | $270,298 |
Apercen Partners Llc | 12/30/23 | $137,369 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $503,240 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,295,513 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $816,859 |
| Capital Gain Net Income | $1,027,373 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $160,000 |
| Total Revenue | $2,775,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $181,489 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,650 |
| Total operating and administrative expenses | $693,385 |
| Contributions, gifts, grants paid | $9,408,473 |
| Total expenses and disbursements | $10,101,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $571,679 |
| 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 | $1,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,253,739 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,158,815 |
| Accounts payable and accrued expenses | $40,463 |
| 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 | $132,000 |
| Total liabilities | $172,463 |
Grants Awarded
Over the last fiscal year, 128 Collective Foundation has awarded $9,408,473 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
ACCELERATE CHANGE INC PURPOSE: GEN-Z FOR CIVIC ENGAGEMENT | $25,000 |
ACCELERATE CHANGE INC PURPOSE: GEN-Z FOR CHANGE | $50,000 |
350 SEATTLE PURPOSE: AMAZON EMPLOYEES FOR CLIMATE JUSTICE | $100,000 |
AFRICAN CLIMATE ALLIANCE NPC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
ALLIANCE FOR YOUTH ORGANIZING PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
ALASKA PUBLIC INTEREST RESEARCH GROUP INC PURPOSE: RURAL ELECTRIC COOPERATIVE SUPPORT | $40,000 |