Pacifica Foundation
- Assets
- $126.1k
- Revenue
- $104.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 03/2008
- Data as of
- 03/2024
- EIN
- 20-4733627
Organization Overview
Pacifica Foundation is located in Warwick, RI. The organization was established in 2008. 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. Pacifica 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 03/2024, Pacifica Foundation generated $104.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $44.4k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (26.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Pacifica Foundation has awarded 104 individual grants totaling $5,176,113. 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 |
|---|---|---|---|
E Paul Sorensen Trustee | 0 | $0 | |
Joan W Sorensen Trustee | 0 | $0 | |
Alice A Sorensen Director | 0 | $0 | |
Christian P Sorensen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $398 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $168 |
| Total operating and administrative expenses | $4,374 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $44,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,307 |
| Savings and temporary cash investments | $13,803 |
| 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 | $6,991 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $126,101 |
| 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, Pacifica Foundation has awarded $83,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIVITY PREPARATORY SCHOOL PURPOSE: GENERAL FUND CONTRIBUTION | $30,000 |
SCHOOL OF CHOICE EDUCATION ORGANIZATION PURPOSE: GENERAL FUND CONTRIBUTION | $50,000 |
GOALS HAITI PURPOSE: GENERAL FUND CONTRIBUTION | $3,000 |