Luis & Linda Nieves Family Foundation
- Assets
- $12.7m
- Revenue
- $1.6m
- Investments
- $1.2m
- Employees
- 0
- Location
- Napa, CA
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-2054708
Organization Overview
Luis & Linda Nieves Family Foundation is located in Napa, CA. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luis & Linda Nieves Family 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, Luis & Linda Nieves Family Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $128.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE OR EDUCATIONAL PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES FOR THE BENEFIT OF SOKA UNIVERSITY OF AMERICA, A CALIFORNIA NONPROFIT BENEFIT CORPORATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LUIS AND LINDA NIEVES FAMILY FOUNDATION DONATED $313,355 TO SOKA UNIVERSITY IN 2020. DUE TO COVID 19 ALL PROGRAMS AND INSTRUCTIONS AT THE UNIVERSITY WERE DONE REMOTELY AND SOKA UNIVERSITY WAS UNABLE TO UTILIZE THESE FUNDS DURING THE 2020-2021 AND 2021-2022 ACADEMIC YEAR. SOKA UNIVERSITY WILL ROLL-OVER THESE FUNDS TO THE 2022-23 ACADEMIC YEAR AND USE THE FUNDS TO SUPPORT THE PROGRAMS FUNDED IN PRIOR YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Nieves Donor Director | OfficerTrustee | 0.1 | $0 |
Archibald Asawa University Director | OfficerTrustee | 0.1 | $0 |
Linda Nieves Donor Director | OfficerTrustee | 0.1 | $0 |
Edward Feasel University Director | OfficerTrustee | 0.1 | $0 |
Daniel Y Habuki University Director | OfficerTrustee | 1 | $0 |
Michael Weiner University Director | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,127 |
| Total Program Service Revenue | $0 |
| Investment income | $205,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,319,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,580,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,540 |
| Fees for services: Other | $19,508 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $128,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $153,157 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,424,941 |
| Investments—other securities | $1,155,086 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,100 |
| Total assets | $12,744,284 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $12,744,284 |
| Total liabilities and net assets/fund balances | $12,744,284 |
Grants Awarded
Over the last fiscal year, Luis & Linda Nieves Family Foundation has awarded $440,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Aliso Viejo, CA PURPOSE: LEARNING CLUSTERS STUDIES,DISTINGUISHED VISITING SCHOLAR LECTURES, UN STUDY TOUR AND INTERNATIONAL JUNIOR HIGH | $220,000 |
Aliso Viejo, CA PURPOSE: LEARNING CLUSTERS STUDIES,DISTINGUISHED VISITING SCHOLAR LECTURES, UN STUDY TOUR AND INTERNATIONAL JUNIOR HIGH | $220,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Of Hawaii Foundation Honolulu, HI | $548,406,506 | $76,733,850 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |