Innovate Family Foundation
- Assets
- $0.0
- Revenue
- $137.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- Data as of
- 12/2018
- EIN
- 27-3980665
Organization Overview
Innovate Family Foundation is located in Palo Alto, CA.
For the year ending 12/2018, Innovate Family Foundation generated $137.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (42.5%) each year. All expenses for the organization totaled $14.5m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FINANCIAL LITERACY FOR YOUTH PROGRAM WORKS TO BRING FREE, QUALITY EDUCATION TO ALL YOUNG PEOPLE IN ORDER TO ALLOW THEM TO TAKE CONTROL OF THEIR FINANCIAL FUTURES.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/14 | $53,559 |
Jessica Endlich | 12/30/14 | $60,440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,468 |
| Dividends & Interest | $116,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,275 |
| Capital Gain Net Income | $19,275 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$698 |
| Total Revenue | $137,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $582 |
| Taxes | $5,838 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76,489 |
| Total operating and administrative expenses | $85,612 |
| Contributions, gifts, grants paid | $14,399,153 |
| Total expenses and disbursements | $14,484,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Innovate Family Foundation has awarded $14,399,153 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DONORSCHOOSEORG PURPOSE: PROGRAM SUPPORT | $50,000 |
COMMUNITY LEGAL SERVICES EAST PA PURPOSE: PROGRAM SUPPORT | $8,000 |
THE BASIC FUND PURPOSE: PROGRAM SUPPORT | $6,000 |
RONALD MCDONALD HOUSE AT STANFORD PURPOSE: PROGRAM SUPPORT | $4,375 |
PALO ALTO ART CENTER FOUNDATION PURPOSE: PROGRAM SUPPORT | $6,000 |
COALITION FOR TRANSPLANT PROGRAM EV PURPOSE: PROGRAM SUPPORT | $100,000 |