S G Foundation
- Assets
- $6.1m
- Revenue
- $1.4m
- Investments
- $5.2m
- Employees
- 0
- Location
- Solvang, CA
- Founding
- 01/1985
- Data as of
- 12/2022
- EIN
- 33-0048410
Organization Overview
S G Foundation is located in Solvang, CA. The organization was established in 1985. 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. S G 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, S G Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $710.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, S G Foundation has awarded 14 individual grants totaling $11,731,104. 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 |
|---|---|---|---|
Lynn R Gildred President | 0 | $12,000 | |
Duane E Serritslev Secretary | 0 | $12,000 | |
Todd Gildred Director | 0 | $12,000 | |
Tyler Gildred Director | 0 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $965,811 |
| Interest on Savings | $10,627 |
| Dividends & Interest | $148,368 |
| Net Rental Income | -$23,385 |
| Net Gain on Sale of Assets | $300,887 |
| Capital Gain Net Income | $300,887 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,439,853 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $49,023 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,216 |
| Depreciation | $13,457 |
| Occupancy | $4,984 |
| Travel, conferences, and meetings | $350 |
| Printing and publications | $0 |
| Other expenses | $66,199 |
| Total operating and administrative expenses | $248,767 |
| Contributions, gifts, grants paid | $461,843 |
| Total expenses and disbursements | $710,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7 |
| Savings and temporary cash investments | $461,232 |
| 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 | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,787 |
| Net Investments - land, buildings, equipment | $315,869 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,202,576 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $405 |
| Total assets | $6,082,876 |
| Accounts payable and accrued expenses | $1,133 |
| 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 | $1,133 |
Grants Awarded
Over the last fiscal year, S G Foundation has awarded $11,731,104 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED - ALL PUBLIC NOT RELAT PURPOSE: SEE ATTACHED | $485,900 |
LINDA VISTA FOUNDATION SEE ATTACHED PURPOSE: SEE ATTACHED | $987,462 |
LINDA VISTA FOUNDATION SEE ATTACHED PURPOSE: SEE ATTACHED | $2,087,022 |
LINDA VISTA FOUNDATION SEE ATTACHED PURPOSE: SEE ATTACHED | $13,833 |
LINDA VISTA FOUNDATION SEE ATTACHED PURPOSE: SEE ATTACHED | $2,230,252 |
LINDA VISTA FOUNDATION SEE ATTACHED PURPOSE: SEE ATTACHED | $48,545 |