Genentech Foundation
- Assets
- $23.9m
- Revenue
- $712.5k
- Investments
- $21.4m
- Employees
- 0
- Location
- South San Francisco, CA
- Founding
- 09/2003
- Data as of
- 12/2022
- EIN
- 46-0500264
Organization Overview
Genentech Foundation is located in South San Francisco, CA. The organization was established in 2003. 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. Genentech 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, Genentech Foundation generated $712.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $14.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $510,130 |
| Interest on Savings | $5,252 |
| Dividends & Interest | $404,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$207,205 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $712,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,972,814 |
| Total operating and administrative expenses | $5,001,892 |
| Contributions, gifts, grants paid | $9,541,674 |
| Total expenses and disbursements | $14,543,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,466,577 |
| Savings and temporary cash investments | $54,168 |
| 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 | $40,070 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $21,383,002 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,943,817 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,202,033 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $15,009 |
| Total liabilities | $7,217,042 |