Sequoia Foundation
- Assets
- $252.2k
- Revenue
- $200.1k
- Investments
- $223.7k
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 12/1992
- Data as of
- 12/2022
- EIN
- 72-1211104
Organization Overview
Sequoia Foundation is located in New Orleans, LA. The organization was established in 1992. 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. Sequoia 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, Sequoia Foundation generated $200.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $199.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sequoia Foundation has awarded 34 individual grants totaling $1,342,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Ollie Edmunds Jr President | 0.1 | $0 | |
Karen Oser Edmunds Director | 0.1 | $0 | |
Christopher Francis Edmunds Secretary/treasurer/direct | 0.1 | $0 | |
Anne Edmunds Aguirre Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $51 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,051 |
| 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 | $612 |
| Total operating and administrative expenses | $1,612 |
| Contributions, gifts, grants paid | $198,000 |
| Total expenses and disbursements | $199,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,533 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $252,240 |
| 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, Sequoia Foundation has awarded $198,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE ORTHOPAEDIC EDUCATION FUND PURPOSE: GENERAL OPERATIONAL SUPPORT | $12,000 |
PIEDMONT ORTHOPAEDIC FOUNDATION PURPOSE: GENERAL OPERATIONAL SUPPORT | $1,000 |
ORTHOPAEDIC RESEARCH AND EDUCATION FOUNDATION PURPOSE: GENERAL OPERATIONAL SUPPORT | $5,000 |
STETSON UNIVERSITY - J OLLIE EDMUNDS SCHOLARSHIP PROGRAM PURPOSE: GENERAL OPERATIONAL SUPPORT | $75,000 |
VANDERBILT DEPT OF ORTHOPAEDIC SURGERY PURPOSE: GENERAL OPERATIONAL SUPPORT | $5,000 |
TULANE DEPARTMENT OF ORTHOPAEDICS PURPOSE: GENERAL OPERATIONAL SUPPORT | $100,000 |