Sugimoto Family Foundation
- Assets
- $5.0m
- Revenue
- $871.0k
- Investments
- $3.6m
- Employees
- 0
- Location
- Arcadia, CA
- Founding
- 03/2009
- Data as of
- 06/2022
- EIN
- 26-3864130
Organization Overview
Sugimoto Family Foundation is located in Arcadia, 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. Sugimoto 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 06/2022, Sugimoto Family Foundation generated $871.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $285.6k during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sugimoto Family Foundation has awarded 82 individual grants totaling $1,881,900. 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 |
|---|---|---|---|
George Sugimoto Trustee | 1 | $0 | |
Nathan Sugimoto Trustee | 1 | $0 | |
Lisa Sugimoto Executive Direc | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $266,800 |
| Interest on Savings | $0 |
| Dividends & Interest | $86,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $517,356 |
| Capital Gain Net Income | $517,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $871,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $264 |
| Total operating and administrative expenses | $44,470 |
| Contributions, gifts, grants paid | $241,100 |
| Total expenses and disbursements | $285,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,443,841 |
| 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 | $5,012,678 |
| 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 | $2,890 |
| Total liabilities | $2,890 |
Grants Awarded
Over the last fiscal year, Sugimoto Family Foundation has awarded $241,100 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: TO SUPPORT THE BUILDING OF THE BUDOKAN OF LOS ANGELES(BOLA) | $106,100 |
JAPANESE AMERICAN CULTURAL AND CMNT PURPOSE: TO PROMOTE JAPANESE AND JAPANESE AMERICAN ARTS AND CULTURE TO DIVERSE AUDIENCES, AND TO PROVIDE A CENTER TO ENHANCE COMMUNITY PROGRAMS. | $50,000 |
Studio City, CA PURPOSE: DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR UNDERSERVED YOUTH IN SOUTHERN CALIFORNIA AREA. | $25,000 |
Los Angeles, CA PURPOSE: TO PROMOTE UNDERSTANDING AND APPRECIATION OF AMERICA'S ETHNIC AND CULTURAL DIVERSITY BY SHARING THE JAPANESE AMERICAN EXPERIENCE | $20,000 |
CENTER THEATRE GROUP PURPOSE: TO SERVE THE DIVERSE AUDIENCES OF LOS ANGELES BY PRODUCING AND PRESENTING THEATRE OF THE HIGHEST CALIBER, BY NURTURING NEW ARTISTS, BY ATTRACTING NEW AUDIENCES, AND BY DEVELOPING YOUTH OUTREACH AND ARTS EDUCATION PROGRAMS. | $15,000 |
UCLA FOUNDATION PURPOSE: TO ACTIVELY PROMOTE PHILANTHROPY AND MANAGE DONATED RESOURCES FOR THE ADVANCEMENT OF UCLA. | $15,000 |
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 |