Tandem Philanthropies
- Assets
- $68.7m
- Revenue
- $47.1m
- Investments
- $68.7m
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 38-4055324
Organization Overview
Tandem Philanthropies is located in Menlo Park, CA. The organization was established in 2018. 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. Tandem Philanthropies 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 12/2023, Tandem Philanthropies generated $47.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Tandem Philanthropies has awarded 13 individual grants totaling $3,900,800. 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 |
|---|---|---|---|
David L Sze Director, Secretary, And CEO | 0.8 | $0 | |
Kathleen M Donohue Director And CFO | 0.8 | $0 | |
Zachary Herlick Audit Committee Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,831,731 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,659,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,608,888 |
| Capital Gain Net Income | $34,608,888 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $55 |
| Total Revenue | $47,099,817 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $288,198 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,467 |
| Total operating and administrative expenses | $497,483 |
| Contributions, gifts, grants paid | $2,750,800 |
| Total expenses and disbursements | $3,248,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,456 |
| 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 | $26,190,619 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $68,741,470 |
| 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, Tandem Philanthropies has awarded $2,750,800 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY FOUNDATION PURPOSE: TO PROVIDE GENERAL SUPPORT | $600,000 |
EDUCATORS FOR EXCELLENCE INC PURPOSE: TO PROVIDE GENERAL SUPPORT | $350,000 |
ALDER GRADUATE SCHOOL OF EDUCATION PURPOSE: TO PROVIDE GENERAL SUPPORT | $300,000 |
ACTIVATE GLOBAL INC PURPOSE: TO PROVIDE GENERAL SUPPORT | $250,000 |
CERES PURPOSE: TO PROVIDE GENERAL SUPPORT | $250,800 |
UNITED STATES ENERGY FOUNDATION PURPOSE: TO PROVIDE GENERAL SUPPORT | $500,000 |