Harvey L & Maud C Sorensen Foundation
- Assets
- $30.2m
- Revenue
- $3.3m
- Investments
- $29.8m
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 02/1962
- Data as of
- 09/2021
- EIN
- 94-1542559
Organization Overview
Harvey L & Maud C Sorensen Foundation is located in San Rafael, CA. The organization was established in 1962. 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. Harvey L & Maud C Sorensen 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 09/2021, Harvey L & Maud C Sorensen Foundation generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $2.1m during the year ending 09/2021. While expenses have increased by 4.2% per year over the past 6 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 2015, Harvey L & Maud C Sorensen Foundation has awarded 153 individual grants totaling $13,372,707. 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 |
|---|---|---|---|
Duncan Cook Mccormack IV Trustee | 0 | $0 | |
Silvio Reggiarado III Trustee | 0 | $0 | |
Dean Witter III Trustee & CFO | 0 | $0 | |
Houston Nelson Tuel III Trustee | 0 | $0 | |
Duncan Mccormack III Trustee & President | 0 | $0 | |
Christy Lindley-Bacchetti Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kramer Blum & Assoc | 9/29/21 | $100,005 |
Dodge & Cox Investments | 9/29/21 | $97,672 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $95 |
| Dividends & Interest | $831,480 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,453,442 |
| Capital Gain Net Income | $2,453,442 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $189 |
| Total Revenue | $3,285,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91,529 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,570 |
| Total operating and administrative expenses | $368,116 |
| Contributions, gifts, grants paid | $1,773,332 |
| Total expenses and disbursements | $2,141,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,446 |
| Savings and temporary cash investments | $227,671 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,231,601 |
| 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, Harvey L & Maud C Sorensen Foundation has awarded $1,773,332 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
UCSF FOUNDATION PURPOSE: TO SUPPORT THE HARVEY L. AND MAUD C. SORENSEN FOUNDATION POSTDOCTORAL RESEARCH FELLOWSHIP PROGRAM IN CHILD & ADOLESCENT PSYCHIATRY AT CALIFORNIA'S ACCREDITED MEDICAL SCHOOLS | $886,666 |
YOLO CRISIS NURSERY PURPOSE: FOR GENERAL OPERATING SUPPORT & CAPITAL CAMPAIGN | $240,000 |
DUCKS UNLIMITED PURPOSE: FOR RESTORATION PROJECTS IN THE WESTERN REGION AND FOR YOUTH PROGRAMS THAT ENGAGE YOUNG PEOPLE IN ENVIRONMENTAL EDUCATION, CONSERVATION & PROTECTING WETLANDS | $133,000 |
Milpitas, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $90,000 |
UC DAVIS COMPREHENSIVE CANCER CENTER PURPOSE: FOR THE JAMES E. GOODNIGHT, JR. MD, PH.D. ENDOWED PROFESSORSHIP FOR CANCER RESEARCH | $75,000 |
CALIFORNIA POLYTECHNIC STATE UNIVERSITY COLLEGE OF AGRICULTURE PURPOSE: FOR SUPPORT THE EARN BY DOING INTERNSHIPS AND SUMMER UNDERGRADUATE RESEARCH PROGRAM | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |