Mary & Bob Sierra Family Foundation Inc
- Assets
- $22.2m
- Revenue
- $1.2m
- Investments
- $14.5m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 01/1989
- Data as of
- 06/2023
- EIN
- 59-2846736
Organization Overview
Mary & Bob Sierra Family Foundation Inc is located in Tampa, FL. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary & Bob Sierra Family Foundation Inc 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 06/2023, Mary & Bob Sierra Family Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mary & Bob Sierra Family Foundation Inc has awarded 175 individual grants totaling $2,061,677. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES GRANTS TO IRC SECTION 501(C)(3) ORGANIZATIONS. OTHER THAN DISTRIBUTING THE GRANTS AS DESCRIBED IN THIS RETURN, THE FOUNDATION DOES NOT ENGAGE IN ANY DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Robert Sierra President | 1 | $0 | |
Mary Sierra Vice President | 1 | $0 | |
Thomas Gray Secretary/treasurer | 1 | $0 | |
John R Sierra Jr Director | 1 | $0 | |
Stuart Sierra Director | 1 | $0 | |
Michael Sierra Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $154,046 |
| Dividends & Interest | $552,330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $378,013 |
| Capital Gain Net Income | $378,013 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $76,969 |
| Total Revenue | $1,161,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $157,744 |
| Total operating and administrative expenses | $164,034 |
| Contributions, gifts, grants paid | $975,790 |
| Total expenses and disbursements | $1,139,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,240 |
| Savings and temporary cash investments | $785,132 |
| 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 | $23,126 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $458,643 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,791,103 |
| Total assets | $22,157,568 |
| 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, Mary & Bob Sierra Family Foundation Inc has awarded $975,790 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
A KID'S PLACE OF TAMPA BAY INC PURPOSE: TO PROVIDE FUNDS FOR GENERAL OPERATING NEEDS OF ORGANIZATION. | $2,500 |
ACADEMY PREP CENTER OF TAMPA PURPOSE: TO PROVIDE FUNDS FOR GENERAL OPERATING NEEDS OF ORGANIZATION. | $101,200 |
AEROSPACE CENTER FOR EXCELLENCE INC PURPOSE: TO PROVIDE FUNDS FOR GENERAL OPERATING NEEDS OF ORGANIZATION. | $5,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: TO PROVIDE FUNDS FOR GENERAL OPERATING NEEDS OF ORGANIZATION. | $2,500 |
ANGELUS INC PURPOSE: TO PROVIDE FUNDS FOR GENERAL OPERATING NEEDS OF ORGANIZATION. | $5,000 |
ANIMAL WELFARE LEAGUE PURPOSE: TO PROVIDE FUNDS FOR GENERAL OPERATING NEEDS OF ORGANIZATION. | $500 |