James Irvine Foundation
- Assets
- $4.1b
- Revenue
- $499.6m
- Investments
- $4.0b
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/1939
- Data as of
- 12/2021
- EIN
- 94-1236937
Organization Overview
James Irvine Foundation is located in San Francisco, CA. The organization was established in 1939. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. James Irvine 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, James Irvine Foundation generated $499.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $167.6m during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 7 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 2013, James Irvine Foundation has awarded 6,183 individual grants totaling $1,153,045,278. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
FOUNDATION-ADMINISTERED PROJECT TO SELECT AND RECOGNIZE CALIFORNIA LEADERS WHO PROMOTE EFFECTIVE SOLUTIONS TO CRITICAL ISSUES FOR CALIFORNIA.
FOUNDATION-ADMINISTERED PROJECT TO PARTNER DIRECTLY AND THROUGH GRANTEES WITH FEDERAL AND STATE LEADERS TO PROVIDE MORE LOW-WAGE CALIFORNIANS WITH ACCESS TO FAMILY-SUSTAINING CAREERS AND OPPORTUNITIES FOR ECONOMIC ADVANCEMENT.
FOUNDATION-ADMINISTERED PROJECT TO PARTNER WITH BETTER CAREERS GRANTEES TO ENGAGE IN STRATEGIC LEARNING THAT CAN INCREASE IMPACT AND INFORM DECISION-MAKING ACROSS THE INITIATIVE TO ULTIMATELY STRENGTHEN ITS IMPACT TO THE BROADER WORKFORCE FIELD.
FOUNDATION-ADMINISTERED PROJECT TO SUPPORT CURRENT AND EMERGING NONPROFIT ORGANIZATIONS ADVANCING THE RIGHTS OF LOW-INCOME WORKERS IN CALIFORNIA, THROUGH FINANCIAL MANAGEMENT COACHING, FUND ADVISING, AND STRATEGIC PLANNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | 3 | $0 | |
Melissa Lopez Mng Dir Of Invest | 50 | $777,500 | |
Sharif Siddiqui Mng Dir Of Invest | 50 | $767,100 | |
Jesus S Arguelles Mng Dir Of Invest | 50 | $675,500 | |
Amy Saxton VP Prgm Development | 50 | $319,500 | |
Charles S Fields VP Prgm Implement | 50 | $309,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silchester International | 12/30/21 | $663,212 |
Deloitte Consulting Llp | 12/30/21 | $1,062,000 |
Primecap Management Company | 12/30/21 | $542,805 |
Mission Creek | 12/30/21 | $1,387,900 |
Capitol Impact Consulting Llc | 12/30/21 | $1,474,222 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,272,720 |
| Dividends & Interest | $1,716,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $492,203,468 |
| Capital Gain Net Income | $528,666,514 |
| Net ST Capital Gain | $0 |
| Income Modifications | $40,793 |
| Profit on Inventory Sales | $0 |
| Other Income | $385,259 |
| Total Revenue | $499,578,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,057,528 |
| Other employee salaries and wages | $10,145,445 |
| Pension plans, employee benefits | $3,026,643 |
| Interest | $517,543 |
| Taxes | $9,611,870 |
| Depreciation | $612,996 |
| Occupancy | $1,339,145 |
| Travel, conferences, and meetings | $423,292 |
| Printing and publications | $62,314 |
| Other expenses | $6,147,146 |
| Total operating and administrative expenses | $42,070,124 |
| Contributions, gifts, grants paid | $125,501,118 |
| Total expenses and disbursements | $167,571,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,852 |
| Savings and temporary cash investments | $64,572,153 |
| Net Accounts receivable | $19,617,912 |
| 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 | $3,506,194,520 |
| Net Land, buildings, and equipment | $1,965,492 |
| Other assets | $43,765,654 |
| Total assets | $4,085,262,775 |
| Accounts payable and accrued expenses | $68,311,735 |
| Grants payable | $11,078,750 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $69,826,456 |
| Total liabilities | $149,216,941 |
Grants Awarded
Over the last fiscal year, James Irvine Foundation has awarded $166,312,334 in support to 578 organizations.
| Grant Recipient | Amount |
|---|---|
Fresno, CA PURPOSE: TO SUPPORT FRESNO'S INCLUSIVE ECONOMY | $10,004,667 |
Stockton, CA PURPOSE: TO ADVANCE INCLUSIVE ECONOMY DEVELOPMENT | $3,900,000 |
REINVENT STOCKTON FOUNDATION PURPOSE: TO SUPPORT YOUTH MEDIA IN STOCKTON | $3,250,000 |
New York, NY PURPOSE: TO SUPPORT WORKERS LEGAL PROTECTIONS | $3,046,000 |
Monterey, CA PURPOSE: FOR AN ECONOMIC DEVELOPMENT INITIATIVE | $3,000,000 |
San Francisco, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $3,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crankstart Foundation San Francisco, CA | $5,105,990,197 | $480,695,638 |
Conrad N Hilton Foundation Westlake Village, CA | $7,732,630,405 | $2,481,413,875 |
Good Ventures Foundation Palo Alto, CA | $4,383,621,636 | $449,683,738 |
The California Endowment Los Angeles, CA | $0 | $280,955,609 |
Sergey Brin Family Foundation San Francisco, CA | $4,934,252,269 | $912,518,052 |
James Irvine Foundation San Francisco, CA | $4,085,262,775 | $499,578,433 |
Columbia Lutheran Charities Astoria, OR | $246,096,987 | $180,771,261 |
Skoll Foundation Palo Alto, CA | $1,166,571,958 | $379,652,535 |
Broad Foundation Los Angeles, CA | $2,410,166,174 | $240,915,854 |
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |