Audacious Foundation
- Assets
- $7.3m
- Revenue
- $1.1m
- Investments
- $6.6m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 01/2016
- Data as of
- 12/2021
- 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 12/2021, Audacious Foundation generated $1.1m 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 (27.2%) each year. All expenses for the organization totaled $493.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Audacious Foundation has awarded 421 individual grants totaling $14,158,903. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Brozowski President/se | 25 | $130,154 | |
Paul J Orfalea Chair/treasu | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $430,342 |
| Interest on Savings | $0 |
| Dividends & Interest | $154,265 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $495,014 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $700 |
| Total Revenue | $1,080,321 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $130,154 |
| Other employee salaries and wages | $7,888 |
| Pension plans, employee benefits | $71,177 |
| Interest | $0 |
| Taxes | $6,686 |
| Depreciation | $8,179 |
| Occupancy | $5,178 |
| Travel, conferences, and meetings | $7,240 |
| Printing and publications | $0 |
| Other expenses | $27,620 |
| Total operating and administrative expenses | $284,201 |
| Contributions, gifts, grants paid | $209,122 |
| Total expenses and disbursements | $493,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,594 |
| Savings and temporary cash investments | $348,219 |
| Net Accounts receivable | $15,618 |
| 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 | $10,561 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $242,148 |
| Net Land, buildings, and equipment | $983 |
| Other assets | $0 |
| Total assets | $7,254,340 |
| Accounts payable and accrued expenses | $216 |
| Grants payable | $27,500 |
| 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 | $27,716 |
Grants Awarded
Over the last fiscal year, Audacious Foundation has awarded $201,622 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Barbara, CA PURPOSE: SBMS SCHOLARSHIP FUND: INVESTING IN | $74,760 |
Santa Barbara, CA PURPOSE: WALK MONTECITO PEDESTRIAN ACCESS TO | $50,000 |
DESIGNING JUSTICE DESIGNING SPACE PURPOSE: HIVE PROJECT IN RICHMOND, VA | $22,000 |
Ventura, CA PURPOSE: IN-SCHOOL BICYCLE SAFETY EDUCATION T | $20,832 |
UNITED BOYS AND GIRLS CLUBS OF GREA PURPOSE: LOW-INCOME STUDENTS TO HAVE ACCESS T | $20,000 |
FUND FOR SANTA BARBARA INC PURPOSE: SUPPORT FOR NPRN (NONPROFIT RESOURCE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Audacious Foundation has recieved totaling $28,942.
| Awarding Organization | Amount |
|---|---|
Natalie Orfalea Foundation Santa Barbara, CA PURPOSE: LOUD FINAL ORFALEA FOUNDATION PROGRAM EXPENSES | $28,942 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |