The Sikand Foundation Inc
- Assets
- $35.8m
- Revenue
- $4.4m
- Investments
- $29.8m
- Employees
- 0
- Location
- Van Nuys, CA
- Founding
- 06/1988
- Data as of
- 11/2021
- EIN
- 95-4109267
Organization Overview
The Sikand Foundation Inc is located in Van Nuys, CA. The organization was established in 1988. 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. Sikand Foundation Inc 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 11/2021, Sikand Foundation Inc generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $2.1m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sikand Foundation Inc has awarded 990 individual grants totaling $10,492,709. 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 |
|---|---|---|---|
Mark R Sikand CFO | 5 | $0 | |
Annette C Sikand President | 5 | $0 | |
Renee C Sikand Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $583,104 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,645,789 |
| Capital Gain Net Income | $3,645,789 |
| Net ST Capital Gain | $334,099 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $180,869 |
| Total Revenue | $4,409,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $162,330 |
| Total operating and administrative expenses | $187,639 |
| Contributions, gifts, grants paid | $1,929,000 |
| Total expenses and disbursements | $2,116,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,176 |
| Savings and temporary cash investments | $0 |
| 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 | $29,821,698 |
| Net Land, buildings, and equipment | $6,000,000 |
| Other assets | $0 |
| Total assets | $35,844,874 |
| 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, The Sikand Foundation Inc has awarded $1,929,000 in support to 128 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: ECST DEAN'S FUND FOR STUDENT ACCESS | $270,000 |
JESUITS WEST PURPOSE: TO SUPPORT THE WORK OF THE JESUITS | $125,000 |
PROVIDENCE SAINT JOSEPH FOUNDATION PURPOSE: TO SUPPORT THE PALLIATIVE CARE CENTER AT THE HOSPITAL. | $105,000 |
PROVIDENCE TARZANA FOUNDATION PURPOSE: TO SUPPORT MENTAL HEALTH AT THE HOSPITAL. | $100,000 |
BRIDGE TO HOME SCV PURPOSE: TO PROVIDE SHELTER, SUPPORTIVE SERVICES, PERMANENT AFFORDABLE HOUSING, AND TO ADVOCATE SUSTAINABLE SOLUTIONS FOR OUR NEIGHBORS IN NEED. | $75,000 |
THE PEOPLE CONCERN PURPOSE: TO ADDRESS THE EFFECTS OF HOMELESSNESS, POVERTY, MENTAL AND PHYSICAL ILLNESS, ABUSE AND ADDICTION THROUGH PROGRAMS THAT EMPOWER THE MOST VULNERABLE AMONG US, TO IMPROVE THEIR QUALITY OF LIFE. TO EDUCATE THE BROADER COMMUNITY AND IMPROVE PUBLIC POLICY. | $70,000 |
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 |