Kevin And Nicole Systrom Foundation
- Assets
- $21.6m
- Revenue
- -$82.8k
- Investments
- $20.6m
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- Data as of
- 12/2022
- EIN
- 86-3372429
Organization Overview
Kevin And Nicole Systrom Foundation is located in Palo Alto, CA. 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. Kevin And Nicole Systrom Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Systrom Co-President/treasurer | 1 | $0 | |
Nicole Systrom Co-President/secretary | 1 | $0 | |
Tom Van Loben Sels Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $427,135 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$516,899 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,000 |
| Total Revenue | -$82,764 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,143 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$13 |
| Total operating and administrative expenses | $125,307 |
| Contributions, gifts, grants paid | $800,000 |
| Total expenses and disbursements | $925,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,053 |
| Savings and temporary cash investments | $1,016,928 |
| 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 | $7,726,607 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,628,939 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $200,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,000 |
| Total liabilities | $209,000 |
Grants Awarded
Over the last fiscal year, Kevin And Nicole Systrom Foundation has awarded $600,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVATE GLOBAL INC PURPOSE: GENERAL SUPPORT | $150,000 |
ACTUATE INNOVATION INC PURPOSE: ACTUATE CLIMATE PROGRAM | $100,000 |
CERES INC PURPOSE: CAPITAL MARKETS ACCELERATOR | $50,000 |
TAHOE TRUCKEE COMMUNITY FOUNDATION PURPOSE: FOREST FUTURES FUND | $300,000 |