True North Foundation
- Assets
- $7.1m
- Revenue
- $79.4k
- Investments
- $4.6m
- Employees
- 0
- Location
- Grass Valley, CA
- Founding
- 08/1986
- Data as of
- 12/2021
- EIN
- 74-2421528
Organization Overview
True North Foundation is located in Grass Valley, CA. The organization was established in 1986. 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. True North 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, True North Foundation generated $79.4k 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 (46.2%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, True North Foundation has awarded 272 individual grants totaling $20,985,683. 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 |
|---|---|---|---|
Kerry Anderson President | 40 | $259,308 | |
Kathy Fong Stephens Trustee | 0.5 | $15,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $76,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,979 |
| Capital Gain Net Income | $2,979 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $259,308 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $25,114 |
| Interest | $0 |
| Taxes | $20,980 |
| Depreciation | $0 |
| Occupancy | $3,000 |
| Travel, conferences, and meetings | $716 |
| Printing and publications | $0 |
| Other expenses | $20,487 |
| Total operating and administrative expenses | $380,319 |
| Contributions, gifts, grants paid | $3,920,000 |
| Total expenses and disbursements | $4,300,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,439,154 |
| 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 | $7,084,569 |
| Accounts payable and accrued expenses | $15,548 |
| 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 | $15,548 |
Grants Awarded
Over the last fiscal year, True North Foundation has awarded $3,920,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
SAN FRANCISCO CHRONICLE SEASON OF SHARING PURPOSE: SEASON OF SHARING | $500,000 |
WESTERN ORG OF RESOURCE COUNCILS EDUCATION FUND PURPOSE: WESTERN MINING ACTIVIST NETWORK, MINI GRANTS/GENERAL SUPPORT | $300,000 |
WESTERN ORG OF RESOURCE COUNCILS EDUCATION FUND PURPOSE: WESTERN MINING ACTIVIST NETWORK, MINI GRANTS/GENERAL SUPPORT | $280,000 |
Anchorage, AK PURPOSE: GENERAL SUPPORT/DISCOVERY GRANTS/PUBLIC LANDS COORDINATOR/SPRING MINING CONFERENCE | $222,000 |
Davis, CA PURPOSE: CALIFORNIA FARMER EMERGENCY FUND | $200,000 |
Washington, DC PURPOSE: GENERAL SUPPORT/ALASKA PROGRAM CIRCUIT RIDER PROGRAM | $190,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that True North Foundation has recieved totaling $1,325.
| Awarding Organization | Amount |
|---|---|
Squid & Squash Foundation Toluca Lake, CA PURPOSE: DONATION | $1,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |