Snap Foundation
- Assets
- $165.5m
- Revenue
- $537.6k
- Investments
- $108.9m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 61-1817014
Organization Overview
Snap Foundation is located in Santa Monica, CA. The organization was established in 2017. 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. Snap 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, Snap Foundation generated $537.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (61.6%) each year. All expenses for the organization totaled $9.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Snap Foundation has awarded 59 individual grants totaling $12,498,864. 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 |
|---|---|---|---|
Shawn Kravich Executive Dir | 50 | $334,933 | |
Carl Gayden Head Of F&o | 40 | $98,734 | |
Sarah Ali Dir, Pres | 10 | $0 | |
Kelly Kagan Law Dir, Sec | 1 | $0 | |
Atul Porwal Assistant Sec | 1 | $0 | |
Betsy Kenny Lack Dir, Treas | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jcsa Inc | 12/30/21 | $103,750 |
Morris & Berger Inc | 12/30/21 | $86,463 |
Foundation Source | 12/30/21 | $70,900 |
Nia Impact Advisors Llc | 12/30/21 | $53,632 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72,646 |
| Dividends & Interest | $34,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $421,304 |
| Capital Gain Net Income | $421,304 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,784 |
| Total Revenue | $537,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $473,216 |
| Pension plans, employee benefits | $52,176 |
| Interest | $0 |
| Taxes | $1,860,276 |
| Depreciation | $0 |
| Occupancy | $68,264 |
| Travel, conferences, and meetings | $5,741 |
| Printing and publications | $444 |
| Other expenses | $457,723 |
| Total operating and administrative expenses | $3,394,991 |
| Contributions, gifts, grants paid | $6,212,800 |
| Total expenses and disbursements | $9,607,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,564,111 |
| Net Accounts receivable | $19,184 |
| 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 | $24,661,765 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,650 |
| Total assets | $165,494,601 |
| 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, Snap Foundation has awarded $6,212,800 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: FOR CAPITAL CAMPAIGN TO SECURE A NEW BUILDING FOR PROGRAM OPERATIONS AND FOR GENERAL OPERATING SUPPORT | $1,200,000 |
Los Angeles, CA PURPOSE: FOR THE STRATEGIC PLANNING PROCESS TO SUPPORT EXPANSION IN LOS ANGELES AND LAUNCH OF ARTS AND STEAM K-12 PROGRAMMING AT AUGUSTUS HAWKINS PARK | $1,000,000 |
Los Angeles, CA PURPOSE: LA ARTS RECOVERY FUND | $750,000 |
Los Angeles, CA PURPOSE: SNAP FOUNDATION'S DONOR ADVISED FUND | $699,800 |
FRACTURED ATLAS INC PURPOSE: CRENSHAW DAIRY MART-RUBRIC FOR ADVANCING THE CREATIVE ECONOMY | $550,000 |
Los Angeles, CA PURPOSE: BLACK EQUITY COLLECTIVE - IN SUPPORT OF STRENGTHENING THE LONG-TERM CAPACITY AND INFRASTRUCTURE OF BLACK-LED AND BLACK-EMPOWERING SOCIAL JUSTICE ORGANIZATIONS | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |