Harvey L & Maud C Sorensen Foundation
- Assets
- $32.5m
- Revenue
- $2.6m
- Investments
- $31.9m
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 02/1962
- Data as of
- 09/2023
- 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 09/2023, Harvey L & Maud C Sorensen Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.3m during the year ending 09/2023. While expenses have increased by 4.3% per year over the past 8 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 175 individual grants totaling $15,534,497. 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 Mccormack III Decd 071624 Trustee & President | 0 | $0 | |
Dean Witter III Trustee & CFO | 0 | $0 | |
Duncan Cook Mccormack IV Trustee | 0 | $0 | |
Houston Nelson Tuel III Trustee | 0 | $0 | |
Leslie Tuel Trustee & Secretary | 0 | $0 | |
Silvio Reggiarado III Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dodge & Cox Investments | 9/29/23 | $93,407 |
Kramer Blum & Assoc | 9/29/23 | $55,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,376 |
| Dividends & Interest | $1,102,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,463,784 |
| Capital Gain Net Income | $1,463,784 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,429 |
| Total Revenue | $2,596,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63,785 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,275 |
| Total operating and administrative expenses | $291,889 |
| Contributions, gifts, grants paid | $2,043,665 |
| Total expenses and disbursements | $2,335,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,855 |
| Savings and temporary cash investments | $342,619 |
| 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 | $32,490,332 |
| 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 $2,043,665 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BEN RICHEY BOYS AND FAMILY PROGRAM PURPOSE: FOR GENERAL OPERATING SUPPORT AT THE ALBANY CAMPUS | $50,750 |
CALIFORNIA POLYTECHNIC STATE UNIVERSITY COLLEGE OF AGRICULTURE PURPOSE: FOR SUPPORT THE EARN BY DOING INTERNSHIPS AND SUMMER UNDERGRADUATE RESEARCH PROGRAM | $50,000 |
CALIFORNIA RANGELAND TRUST PURPOSE: FOR GENERAL OPERATING SUPPORT | $40,000 |
FRIENDS OF HUDDART & WUNDERLICH PARKS PURPOSE: TO SUPPORT NATURE EDUCATION PROGRAMS | $10,000 |
HILLSDALE COLLEGE PURPOSE: FOR STUDENT SCHOLARSHIPS | $20,000 |
DUCKS UNLIMITED PURPOSE: FOR THE KLAMATH BASIN INITIATIVE AND THE CALIFORNIA WETLANDS INITIATIVE | $152,300 |