Speranza Foundation
- Assets
- $18.6k
- Revenue
- $291.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Juan Capistrano, CA
- Founding
- 06/2009
- Data as of
- 12/2023
- 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 12/2023, Speranza Foundation generated $291.0k 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 (9.1%) each year. All expenses for the organization totaled $315.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Speranza Foundation has awarded 44 individual grants totaling $641,790. 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
2023
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 ISCOMMUNICATED 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.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
(CONTINUATION OF STATEMENT 1) WHILE AT A CRITICAL JUNCTURE IN THEIR VOCATION. THEY ARE WORKING TOWARDS A SPECIFIC CREATIVE OBJECTIVE, AND EAGER TOPARTICIPATE IN A SUPPORTIVE COMMUNITY OF OTHER ARTISTS. THE FOUNDATION PROVIDED 8 FELLOWSHIPS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Treat President | 0 | $0 | |
Joey Borgogna Member | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joey Borgogna | 12/30/17 | $120,000 |
Lauren Borgogna | 12/30/17 | $60,000 |
Joey Borgogna | 12/30/17 | $0 |
Lauren Borgogna | 12/30/17 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $291,000 |
| 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 | $291,000 |
| 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 | $16,207 |
| Printing and publications | $0 |
| Other expenses | $285,002 |
| Total operating and administrative expenses | $301,209 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $315,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,635 |
| 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 | $18,635 |
| Accounts payable and accrued expenses | $905 |
| 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 | $905 |
Grants Awarded
Over the last fiscal year, Speranza Foundation has awarded $14,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DARIAN DAUCHAN PURPOSE: LINCOLN CITY FELLOWSHIP FOR THE ARTS | $2,000 |
EMERALD CARTER PURPOSE: LINCOLN CITY FELLOWSHIP FOR THE ARTS | $2,000 |
CLAIRE GIBSON PURPOSE: LINCOLN CITY FELLOWSHIP FOR THE ARTS | $2,000 |
JAY OATIS PURPOSE: LINCOLN CITY FELLOWSHIP FOR THE ARTS | $2,000 |
CARLOS MEDINA PURPOSE: LINCOLN CITY FELLOWSHIP FOR THE ARTS | $2,000 |
RUBEN PERMEL PURPOSE: LINCOLN CITY FELLOWSHIP FOR THE ARTS | $2,000 |