Sean N Parker Foundation
- Assets
- $252.6m
- Revenue
- $36.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 27-4389819
Organization Overview
Sean N Parker Foundation is located in Palo Alto, CA. The organization was established in 2011. 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. Sean N Parker 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, Sean N Parker Foundation generated $36.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 55.2% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sean N Parker Foundation has awarded 81 individual grants totaling $218,408,894. 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
FILMS - THE FOUNDATION FINANCED TWO DOCUMENTARY FILMS. THE FIRST FILM, OF MEDICINE AND MIRACLES (FORMERLY TITLED TRIAL BY FIRE), DEBUTED AT THE TRIBECA FILM FESTIVAL AND IS A DOCUMENTARY ABOUT CONTEMPORARY IMMUNOTHERAPY CANCER FIGHTING TREATMENTS. THROUGH THIS FILM, THE FOUNDATION AIMS TO RAISE PUBLIC AWARENESS ABOUT IMMUNOTHERAPY TO DRIVE SUPPORT FOR THIS KIND OF CANCER RESEARCH AND TO ENCOURAGE MORE PATIENTS TO SEEK OUT SUCH CLINICAL TRIALS IN FURTHERANCE OF BOTH SCIENTIFIC ADVANCEMENT AND IMPROVEMENTS IN HEALTH CARE. THE SECOND FILM, COMING CLEAN, FOCUSES ON THE OPIOID ADDICTION CRISIS IN AMERICA. BOTH FILMS HONOR THE DIFFICULT EXPERIENCES OF THEIR SUBJECTS, WHILE EMPOWERING FUTURE GENERATIONS TO STRIVE FOR TRANSFORMATIONAL IMPROVEMENTS. THE FILMS FURTHER CHARITABLE AND EDUCATIONAL PURPOSES BY SUPPORTING ARTISTIC ENDEAVORS AND BY HELPING TO EDUCATE THE PUBLIC ABOUT CRITICAL HEALTH ISSUES. THE FILMS FURTHER THE FOUNDATION'S SPECIFIC CHARITABLE GOALS IN THE AREA OF LIFE SCIENCES.
ARTWORK - THE ARTWORKS IN THE FOUNDATION'S COLLECTION ARE HELD IN TRUST FOR THE PUBLIC AND MADE AVAILABLE FOR PUBLIC DISPLAY, RESEARCH, AND EDUCATION. TO ADVANCE THIS MISSION, THE FOUNDATION PLACES ITS ARTWORK ON ROTATING LOANS TO VARIOUS MUSEUMS BOTH IN AND OUTSIDE THE UNITED STATES AND ENCOURAGES THE MUSEUMS TO INCLUDE EDUCATIONAL PROGRAMMING AROUND THE LOANED WORKS, SUCH AS CURATORIAL LECTURES, PUBLIC PROGRAMS, AND SYMPOSIA. WHEN NOT ON LOAN, THE WORKS ARE STORED AT A SPECIALIZED ART FACILITY THAT PRESERVES THE ART FOR FUTURE GENERATIONS AND ALLOWS STUDENTS AND SCHOLARS TO CONDUCT RESEARCH.
INSTITUTE FOR IMMUNOLOGY AND IMMUNOTHERAPY - TO FURTHER THE FOUNDATION'S CHARITABLE GOALS RELATED TO LIFE SCIENCES, THE FOUNDATION HELPED TO INCUBATE THE LAUNCH OF THE INSTITUTE FOR IMMUNOLOGY AND IMMUNOTHERAPY. THE FOUNDATION'S PRESIDENT, MR. PARKER, AND FIVE OTHER FOUNDERS RECOGNIZED THAT RECENT SCIENTIFIC ADVANCES CREATED OPPORTUNITIES TO APPLY IMMUNOLOGICAL RESEARCH TO TREAT CARDIOVASCULAR DISEASE, ALLERGIES, NEUROLOGICAL CONDITIONS, AND AUTOIMMUNE DISEASES. MOREOVER, THE COVID-19 PANDEMIC MADE IMMUNOLOGICAL RESEARCH ALL THE MORE COMPELLING AND URGENT, AS SCIENTISTS WORK TO BETTER PREPARE FOR FUTURE PANDEMICS. THE FOUNDATION PAID FOR INITIAL LEGAL SERVICES AND RELATED STARTUP EXPENSES THAT ENABLED THIS PROJECT TO ADVANCE TOWARDS SECURING A FISCAL SPONSOR AND EVENTUALLY SECURING ITS OWN EXEMPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Van Loben Sels Secretary/treasurer/director | 0.5 | $0 | |
Alexandra Lenas Parker Director | 0.5 | $0 | |
Sean N Parker President/director | 5 | $0 | |
Rakesh Mehta Director | 0.5 | $0 | |
Michael Polansky Executive Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arnold & Porter Kay Scholer Llp | 12/30/21 | $301,590 |
Apercen Partners Llc | 12/30/21 | $178,771 |
Interloper Films Inc | 12/30/21 | $225,861 |
Ransick Gat Fine Art Services Inc | 12/30/21 | $85,403 |
Phase One Films Llc | 12/30/21 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,974,579 |
| Interest on Savings | $0 |
| Dividends & Interest | $755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$475,097 |
| Capital Gain Net Income | $36,499,471 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$702 |
| Total Revenue | $36,499,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $507,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $854,538 |
| Total operating and administrative expenses | $2,118,202 |
| Contributions, gifts, grants paid | $1,773,731 |
| Total expenses and disbursements | $3,891,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,997 |
| Savings and temporary cash investments | $742,089 |
| Net Accounts receivable | $231,001 |
| 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 | $442,857 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $133,511 |
| Other assets | $251,006,684 |
| Total assets | $252,595,139 |
| Accounts payable and accrued expenses | $43,125 |
| 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 | $43,125 |
Grants Awarded
Over the last fiscal year, Sean N Parker Foundation has awarded $8,290,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE BARACK OBAMA FOUNDATION PURPOSE: INSPIRE, EMPOWER AND CONNECT PEOPLE TO CHANGE THEIR WORLD | $6,250,000 |
Washington, DC PURPOSE: PROMOTE REVITALIZATION OF DISTRESSED COMMUNITIES | $2,040,000 |
Des Moines, IA PURPOSE: ARTIST LECTURE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |