Serenity Grace Foundation
- Assets
- $244.0k
- Revenue
- $30.2k
- Investments
- $234.8k
- Employees
- 0
- Location
- Rancho Santa Fe, CA
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 33-0588322
Organization Overview
Serenity Grace Foundation is located in Rancho Santa Fe, CA. The organization was established in 1998. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serenity Grace 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, Serenity Grace Foundation generated $30.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $77.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Serenity Grace Foundation has awarded 37 individual grants totaling $199,500. 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 |
|---|---|---|---|
Cortney Bohling Treasurer | 10 | $25,000 | |
Karen Kohlberg President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $10,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,072 |
| Capital Gain Net Income | $20,072 |
| Net ST Capital Gain | $485 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,194 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,671 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,987 |
| Total operating and administrative expenses | $39,808 |
| Contributions, gifts, grants paid | $37,500 |
| Total expenses and disbursements | $77,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,233 |
| 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 | $234,776 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $244,009 |
| 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 | $44,156 |
| Total liabilities | $44,156 |
Grants Awarded
Over the last fiscal year, Serenity Grace Foundation has awarded $37,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Lemon Grove, CA PURPOSE: FINANCIAL AID | $10,000 |
OLIVEWOOD GARDENS AND LEARNING CENT PURPOSE: FINANCIAL AID | $7,500 |
AJA YOUTH PHOTOGRAPHY TRANSFORMATIO PURPOSE: FINANCIAL AID | $7,500 |
Escondido, CA PURPOSE: FINANCIAL AID | $2,500 |
TARIQ KHAMISA FOUNDATION PURPOSE: FINANCIAL AID | $2,500 |
WRITEGIRL PURPOSE: FINANCIAL AID | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glaziers Architectural Metal & Glass Workers Local Union 1399 Hea Covina, CA | $12,022,551 | $5,262,157 |
Phoenix Painting Industry Trust Fund Phoenix, AZ | $8,745,449 | $4,690,569 |
Elderheart Inc Sisters, OR | $6,200,437 | $6,066,501 |
Social And Public Art Resource Center Venice, CA | $5,398,489 | $1,298,270 |
Modern Quilt Guild Inc Los Angeles, CA | $471,322 | $1,206,669 |
Catchlight San Francisco, CA | $2,559,579 | $3,095,707 |
Self-Help Graphics And Arts Inc Los Angeles, CA | $7,358,688 | $2,282,621 |
California Anime Foundation Granada Hills, CA | $325,204 | $1,412,708 |
Bay Area Glass Institute Inc San Jose, CA | $1,447,752 | $1,103,523 |
Hui Noeau Makawao, HI | $6,399,050 | $1,181,820 |
American Society Of Media Photographers Inc San Francisco, CA | $534,568 | $1,162,030 |
Root Division San Francisco, CA | $969,223 | $883,957 |