Suggs Family Foundation
- Assets
- $9.4m
- Revenue
- $1.4m
- Investments
- $8.0m
- Employees
- 0
- Location
- Thousand Oaks, CA
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 26-1592436
Organization Overview
Suggs Family Foundation is located in Thousand Oaks, CA. 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. Suggs 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 12/2022, Suggs Family Foundation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $833.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Suggs Family Foundation has awarded 390 individual grants totaling $4,707,014. 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 |
|---|---|---|---|
Sidney V Suggs Trustee | 0 | $0 | |
Pamela J Suggs Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $422,359 |
| Interest on Savings | $0 |
| Dividends & Interest | $326,517 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $665,732 |
| Capital Gain Net Income | $101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,298 |
| Total Revenue | $1,422,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,783 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,163 |
| Total operating and administrative expenses | $63,931 |
| Contributions, gifts, grants paid | $769,442 |
| Total expenses and disbursements | $833,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,434,593 |
| 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 | $313,843 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,428,133 |
| 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, Suggs Family Foundation has awarded $769,442 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA-1 FOUNDATION PURPOSE: UNRESTRICTED FUNDS | $1,000 |
ALS THERAPY DEVELOPMENT INST PURPOSE: UNRESTRICTED FUNDS | $2,000 |
ANIMAL SERVICES FOUNDATION OF VENTU PURPOSE: UNRESTRICTED FUNDS | $6,000 |
APPAMADA ZEN CENTER PURPOSE: UNRESTRICTED FUNDS | $10,000 |
AUDUBON SOCIETY PURPOSE: UNRESTRICTED FUNDS | $2,000 |
BUMBLEBEE FOUNDATION PURPOSE: UNRESTRICTED FUNDS | $5,181 |