Rex Foundation
- Assets
- $530.8k
- Revenue
- $459.4k
- Investments
- $0.0
- Employees
- 2
- Location
- San Anselmo, CA
- Founding
- 09/1984
- Data as of
- 12/2022
- EIN
- 68-0033257
Organization Overview
Rex Foundation is located in San Anselmo, CA. The organization was established in 1984. 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. As of 12/2022, Rex Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rex 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, Rex Foundation generated $459.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $342.8k during the year ending 12/2022. While expenses have increased by 0.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP SECURE A HEALTHY ENVIRONMENT, PROMOTE INDIVIDUALITY IN THE ARTS, PROVIDE SUPPORT TO CRITICAL AND NECESSRY SOCIAL SERVICES, ASSIST OTHERS LESS FORTUNATE THAN OURSELVES, PROTECT THE RIGHTS OF INDIGENOUS PEOPLE AND ENSURE THEIR CULTURAL HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING EVENTS AND GRANTS TO SUPPORT CHARITIES THAT PROMOTE THE FOUNDATION'S MISSION STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Duncan President | OfficerTrustee | 1 | $0 |
Stefanie Coyote Vice President | OfficerTrustee | 1 | $0 |
Cliff Palefsky Treasurer | OfficerTrustee | 1 | $0 |
Trixie Garcia Secretary | OfficerTrustee | 1 | $0 |
Diane Blagman Director | Trustee | 1 | $0 |
Barry Caplan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $96,870 |
| Related organizations | $0 |
| Government grants | $20,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,797 |
| Total Program Service Revenue | $0 |
| Investment income | $6,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $95,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,999 |
| Compensation of current officers, directors, key employees. | $42,499 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,615 |
| Payroll taxes | $9,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,886 |
| Advertising and promotion | $0 |
| Office expenses | $2,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,900 |
| Travel | $51 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,960 |
| All other expenses | $75 |
| Total functional expenses | $342,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,970 |
| Savings and temporary cash investments | $354,870 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,821 |
| Total assets | $530,821 |
| Accounts payable and accrued expenses | $3,072 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,669 |
| Total liabilities | $16,741 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $514,080 |
| Total liabilities and net assets/fund balances | $530,821 |
Grants Awarded
Over the last fiscal year, Rex Foundation has awarded $24,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ABUNDANT EARTH FOUNDATIONSUNRISE STUDIOS COLLECTIVE PURPOSE: GRASSROOTS REGENERATIVE AND PERMACULTURE PROJECTS AROUND THE WORLD, FOCUSING ON WOMEN AND YOUTH-LED EFFORTS. THEY HAVE HELPED LAUNCH SEVERAL INDEPENDENT PROJECTS, INCLUDING THE SUNRISE STUDIO COLLECTIVE, THE REGENERATIVE WATER ALLIANCE, AND AGROFORESTRY REGENERATIVE COMMUNITIES. | $7,000 |
KSQDNATURAL BRIDGES MEDIA PURPOSE: TO BUILD COMMUNITY THROUGH QUALITY BROADCASTS, PODCASTS, TRAINING PROGRAMS AND COMMUNITY EVENTS THAT CELEBRATE THE UNIQUENESS OF SANTA CRUZ COUNTY AND BEYOND. | $7,500 |
TROMBONE SHORTY FOUNDATION PURPOSE: TO INSPIRE THE NEXT GENERATION OF TALENTED YOUTH THROUGH MUSIC EDUCATION, INSTRUCTION, MENTORSHIP, AND PERFORMANCE. | $10,000 |