Sobrato Family Foundation
- Assets
- $812.0m
- Revenue
- $266.1m
- Investments
- $789.3m
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 77-0348912
Organization Overview
Sobrato Family Foundation is located in Mountain View, CA. The organization was established in 1994. 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. Sobrato Family 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, Sobrato Family Foundation generated $266.1m in total revenue. All expenses for the organization totaled $73.6m during the year ending 12/2021. While expenses have increased by 29.4% per year over the past 4 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.
Since 2020, Sobrato Family Foundation has awarded 868 individual grants totaling $212,150,457. 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
2021
Describe the Organization's Program Activity:
ENGLISH LEARNER PROGRAM - FOCUSED ON IMPROVING EDUCATIONAL OUTCOMES FOR LOW-INCOME AND ENGLISH LEARNER STUDENTS CURRENTLY IN PERSISTENTLY UNDERPERFORMING SCHOOLS, ENABLING STUDENTS OF ALL BACKGROUNDS TO PURSUE HIGHER ACADEMIC ACHIEVEMENT AS A MEANS TO ECONOMIC SELF-SUFFICIENCY.
NONPROFIT AND PROGRAM SUPPORT - FOCUSED ON INCREASING THE EFFECTIVENESS, SCALABILITY, AND SYSTEMIC IMPACT OF OUR NONPROFIT PARTNERS, AND SUPPORTING THE DEVELOPMENT OF HIGH-QUALITY NONPROFIT LEADERS AND INCLUDES ACTIVITIES THAT SUPPORT ALL OF THE PROGRAM AREAS
SILICON VALLEY ECONOMIC OPPORTUNITY - FOCUSED ON EXPANDING ACCESS TO SMALL BUSINESS AND ENTREPRENEURSHIP OPPORTUNITIES, MIDDLE-SKILL JOBS, COLLEGE COMPLETION, AND CAREER POTENTIAL TO INCREASE ECONOMIC MOBILITY FOR LOW-INCOME INDIVIDUALS, FIRST GENERATION COLLEGE STUDENTS, AND FAMILIES SO THEY CAN ACTIVELY PARTICIPATE IN AND CONTRIBUTE TO A VIBRANT SILICON VALLEY ACROSS MULTIPLE GENERATIONS
SILICON VALLEY ESSENTIAL HUMAN SERVICES - FOCUSED ON PROVIDING FLEXIBLE SUPPORT FOR SILICON VALLEY-BASED NONPROFITS THAT ADDRESS BASIC NEEDS, PROMOTE SELF-RELIANCE AND ECONOMIC INDEPENDENCE, AND POSITIVELY CONTRIBUTE TO THE QUALITY OF LIFE FOR THOSE IN OUR REGION FACING DEEP CHALLENGES, INCLUDING RESPONSIVE FUNDING TO SUPPORT THOSE AFFECTED BY REGIONAL DISASTERS SUCH AS WILDFIRES. (DIRECT CHARITABLE ACTIVITIES PER BOOKS IS $2,966,084 (COLUMN A ON PART 1). DIRECT CHARITABLE ACTIVITIES FOR CHARITABLE PURPOSES IS $2,355,411 (COLUMN D ON PART 1).)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Hurlimann Herz President | 45 | $525,000 | |
Williams Low Mara Program Director | 45 | $267,163 | |
Thor Doua Program Director | 45 | $207,500 | |
Hobstetter Margaret Program Director | 45 | $196,250 | |
Trivedi Prithi Program Director | 45 | $165,000 | |
Viajar Remy-Anne Program Director | 45 | $148,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Social Policy Research Associates Inc | 12/30/21 | $172,694 |
Open Impact Llc | 12/30/21 | $422,398 |
April A Chou | 12/30/21 | $174,825 |
Lauren Dutton | 12/30/21 | $156,360 |
Spoke Consulting | 12/30/21 | $110,629 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $157,300,000 |
| Interest on Savings | $1,066,633 |
| Dividends & Interest | $11,590,113 |
| Net Rental Income | $52,638 |
| Net Gain on Sale of Assets | $96,516,874 |
| Capital Gain Net Income | $35,289,720 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$691,464 |
| Total Revenue | $266,068,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $525,000 |
| Other employee salaries and wages | $340,806 |
| Pension plans, employee benefits | $445,413 |
| Interest | $0 |
| Taxes | $5,136,652 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,655 |
| Printing and publications | $0 |
| Other expenses | $4,914,820 |
| Total operating and administrative expenses | $12,491,454 |
| Contributions, gifts, grants paid | $61,064,391 |
| Total expenses and disbursements | $73,555,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,472,455 |
| 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 | $38,165 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $176,242 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $789,269,591 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $811,956,453 |
| Accounts payable and accrued expenses | $274,122 |
| Grants payable | $13,930,863 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,120,057 |
| Total liabilities | $18,325,042 |
Grants Awarded
Over the last fiscal year, Sobrato Family Foundation has awarded $70,107,966 in support to 438 organizations.
| Grant Recipient | Amount |
|---|---|
Mountain View, CA PURPOSE: TO FUND SILICON VALLEY COMMUNITY FOUNDATION'S DONOR ADVISED FUNDS | $15,000,000 |
Mountain View, CA PURPOSE: TO FUND SILICON VALLEY COMMUNITY FOUNDATION'S DONOR ADVISED FUNDS | $6,000,000 |
Mountain View, CA PURPOSE: TO FUND SILICON VALLEY COMMUNITY FOUNDATION'S DONOR ADVISED FUNDS | $2,333,333 |
Mountain View, CA PURPOSE: TO FUND SILICON VALLEY COMMUNITY FOUNDATION'S DONOR ADVISED FUNDS | $2,000,000 |
Mountain View, CA PURPOSE: TO FUND SILICON VALLEY COMMUNITY FOUNDATION'S DONOR ADVISED FUNDS | $1,280,000 |
Mountain View, CA PURPOSE: TO FUND SILICON VALLEY COMMUNITY FOUNDATION'S DONOR ADVISED FUNDS | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |
Waverley Street Foundation Palo Alto, CA | $2,988,003,660 | $1,311,729,919 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |