Soares Family Foundation
- Assets
- $2.7m
- Revenue
- $122.2k
- Investments
- $2.2m
- Employees
- 0
- Location
- Altadena, CA
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-6968865
Organization Overview
Soares Family Foundation is located in Altadena, CA. The organization was established in 2011. 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. Soares 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 12/2022, Soares Family Foundation generated $122.2k in total revenue. All expenses for the organization totaled $248.1k during the year ending 12/2022.
Since 2020, Soares Family Foundation has awarded 35 individual grants totaling $532,320. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST ELIZABETH SCHOOLSUPPORT CATHOLIC SCHOOL ACADEMICS
ST VINCENT DE PAUL SOCIETYSUPPORT ASSISTANCE PROVIDED TO NEEDY
NORTH PARK ELEMENTARY SCHOOLSUPPORT ELEMENTARY ACADEMICS
ST IGNATIUS OF LOYOLA SCHOOLSUPPORT CATHOLIC SCHOOL ACADEMICS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Soares Trustee | 2 | $0 | |
Dorothy H Soares Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $61,503 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,715 |
| Capital Gain Net Income | $60,715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $122,237 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $49 |
| Taxes | $12,894 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,127 |
| Total operating and administrative expenses | $48,781 |
| Contributions, gifts, grants paid | $199,300 |
| Total expenses and disbursements | $248,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $459,076 |
| 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 | $465,096 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,660,747 |
| 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, Soares Family Foundation has awarded $199,300 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ST IGNATIUS OF LOYOLA CHURCH PURPOSE: FOR CHURCH MINISTRY. | $10,000 |
SOCIETY OF ST VINCENT DE PAUL PURPOSE: FOR ASSISTANCE TO INDIGENT FAMILIES. | $61,000 |
SAINT ELIZABETH PARISH SCHOOL PURPOSE: FOR EDUCATIONAL PROGRAMS. | $60,000 |
ST VINCENT MEALS ON WHEELS PURPOSE: FOR ASSISTANCE TO INDIGENT FAMILIES. | $3,000 |
ST IGNATIUS SCHOOL PURPOSE: FOR EDUCATIONAL PURPOSES. | $12,000 |
UNBOUND PURPOSE: YOUTH SPONSORSHIP | $300 |