Speranza Foundation
- Assets
- $34.4k
- Revenue
- $330.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan Capistrano, CA
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-3213052
Organization Overview
Speranza Foundation is located in San Juan Capistrano, CA. The organization was established in 2009. 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. Speranza 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, Speranza Foundation generated $330.0k 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 (7.6%) each year. All expenses for the organization totaled $297.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Speranza Foundation has awarded 37 individual grants totaling $627,790. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOCUSES COMPLETELY ON PROGRAMMING FOR THE ARTISTS INVOLVED IN THE LINCOLN CITY FELLOWSHIP. TO MEET THE EXPRESSED NEEDS OF THE ARTIST COMMUNITY AND TO BETTER REFLECT THE FOUNDATION'S EXPANDING WORK WITH GRANTEES ("FELLOWS"), THE LINCOLN CITY FELLOWSHIP PROGRAM IS COMMUNICATED AS FOLLOWS: 1. IN ADDITION TO RECEIVING GRANT MONEY, FELLOWS ARE EXPOSED TO THE FOLLOWING OPPORTUNITIES TO ENHANCE THEIR ARTISTIC CAPACITY, BROADEN THEIR INFLUENCE, AND NURTURE THEIR CREATIVE LIFE INCLUDING INVITATIONS TO CURATED EAST AND WEST COAST GATHERINGS TO CONNECT WITH ARTISTIC ALLIES, COLLABORATIONS WITH PARTNER ORGANIZATIONS AND COMMUNITY MEMBERS, FACILITATED WORKSHOPS AND RETREATS, INDIVIDUAL COACHING AND STRATEGIC GUIDANCE, MONTHLY COHORT VIRTUAL MEET-UPS, EVENT/PERFORMANCE PROMOTION.
(CONTINUED FROM NUMBER 1 ABOVE)2. FELLOWS ARE A DIVERSE GROUP OF WRITERS, NARRATIVE FILMMAKERS, MUSICIANS, PHOTOGRAPHERS, VISUAL ARTISTS, DANCERS, AND THEATRE CREATORS WHO ARE DEMONSTRATING ARTISTIC DRIVE AND EXCELLENCE WHILE AT A CRITICAL JUNCTURE IN THEIR VOCATION. THEY ARE WORKING TOWARDS A SPECIFIC CREATIVE OBJECTIVE, AND EAGER TO PARTICIPATE IN A SUPPORTIVE COMMUNITY OF OTHER ARTISTS.THE FOUNDATION PROVIDED 21 FELLOWSHIPS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Treat President | 0 | $0 | |
Jeremy Treat Vice President Treasurer | 0 | $0 | |
Joey Borgogna Member | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joey Borgogna | 12/30/17 | $120,000 |
Joey Borgogna | 12/30/17 | $0 |
Lauren Borgogna | 12/30/17 | $60,000 |
Lauren Borgogna | 12/30/17 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $330,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $330,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $283,341 |
| Total operating and administrative expenses | $297,232 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $297,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,398 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,398 |
| 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, Speranza Foundation has awarded $41,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
JOSHUA AVINER PURPOSE: PERSONAL & EXPENSES RELATED TO CIRCUS PRODUCTION | $6,500 |
ALISON O'DANIEL PURPOSE: PRE-PRODUCTION FILM COSTS | $6,500 |
QUENNA BARRETT PURPOSE: DEVELOPMENT & PRODUCTION OF PLAY | $6,500 |
HAGOP BELIAN PURPOSE: EXPENSES RELATED TO NEW BODY OF COLLAGE WORK | $4,500 |
ANDRES OSPINA PURPOSE: EXPENSES RELATED TO COLLABORATIVE MUSICAL PRODUCTION | $4,000 |
PAUL OUTLAW PURPOSE: DEVELOPMENT & PRODUCTION OF PLAY | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |