Sandnes Family Foundation
- Assets
- $1.1m
- Revenue
- $527.1k
- Investments
- $614.5k
- Employees
- 0
- Location
- Santa Clarita, CA
- Founding
- 03/2008
- Data as of
- 10/2023
- EIN
- 20-5994239
Organization Overview
Sandnes Family Foundation is located in Santa Clarita, CA. The organization was established in 2008. 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. Sandnes 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 10/2023, Sandnes Family Foundation generated $527.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $509.3k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sandnes Family Foundation has awarded 37 individual grants totaling $1,850,987. 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 |
|---|---|---|---|
Richard Sandnes President | 0 | $0 | |
Marian Sandnes Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $11,334 |
| Dividends & Interest | $18,326 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,604 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $527,056 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $347 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,165 |
| Total operating and administrative expenses | $8,751 |
| Contributions, gifts, grants paid | $500,500 |
| Total expenses and disbursements | $509,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,901 |
| Savings and temporary cash investments | $177,903 |
| 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 | $614,477 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,080,281 |
| 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, Sandnes Family Foundation has awarded $500,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF SANTA CLARITA VALLEY PURPOSE: CHARITABLE CONTRIBUTION | $67,500 |
CAROUSEL RANCH PURPOSE: CHARITABLE CONTRIBUTION | $28,000 |
HENRY MAYO NEWHALL HOSPITAL FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $400,000 |
COLLEGE OF THE CANYONS FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |