Audacious Foundation
- Assets
- $5.2m
- Revenue
- $426.1k
- Investments
- $4.7m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-4602068
Organization Overview
Audacious Foundation is located in Santa Barbara, CA. The organization was established in 2016. 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. Audacious 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, Audacious Foundation generated $426.1k 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 (12.6%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Audacious Foundation has awarded 535 individual grants totaling $20,091,808. 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
GRANTMAKING FOR WHOLE CHILD EDUCATION
HOST AN EARLY CHILDHOOD CENTER DIRECTOR'S RETREAT PROVIDING NETWORKING AND PROFESSIONAL DEVELOPMENT AROUND WHOLE CHILD EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Orfalea Chair/treasurer | 5 | $0 | |
Catherine Brozowski President/secretary | 25 | $155,167 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $120,513 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $294,586 |
| Capital Gain Net Income | $294,586 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,996 |
| Total Revenue | $426,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,167 |
| Other employee salaries and wages | $88,865 |
| Pension plans, employee benefits | $83,418 |
| Interest | $0 |
| Taxes | $3,101 |
| Depreciation | $489 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $77,548 |
| Printing and publications | $0 |
| Other expenses | $28,931 |
| Total operating and administrative expenses | $442,835 |
| Contributions, gifts, grants paid | $1,143,223 |
| Total expenses and disbursements | $1,586,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,295 |
| Savings and temporary cash investments | $111,835 |
| Net Accounts receivable | $8,666 |
| 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 | -$1,626 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $242,148 |
| Net Land, buildings, and equipment | $685 |
| Other assets | $0 |
| Total assets | $5,195,842 |
| Accounts payable and accrued expenses | $14,844 |
| 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 | $14,844 |
Grants Awarded
Over the last fiscal year, Audacious Foundation has awarded $1,143,223 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BIKEVENTURA PURPOSE: IN-SCHOOL BICYCLE SAFETY EDUCATION FOR 2ND-8TH GRADERS | $22,123 |
CHANNEL ISLANDS YMCA PURPOSE: SUMMER SWIM LESSONS FOR STUDENTS | $6,891 |
CAL POLY STATE UNIVERSITY FOUNDATION PURPOSE: STUDENT PACKAGING COMPETITION FOR SUSTAINABLE AND INCLUSIVE PACKAGING SOLUTIONS | $45,000 |
CARPINTERIA COMMUNITY CHURCH-KINDERKIRK PURPOSE: EARLY CHILDHOOD EDUCATION RETREAT BEST PRACTICES | $250 |
CHANNEL ISLANDS YMCA PURPOSE: SWIM LESSONS FOR LOW-INCOME STUDENTS OF COLOR WITH SEALEAGUE | $1,580 |
CHILDREN AND FAMILY RESOURCE SERVICES PURPOSE: WELCOME EVERY BABY (WEB) PROGRAM TO PROVIDE NURSE HOME VISITS | $100,000 |