Sobrato Family Foundation
- Assets
- $843.7m
- Revenue
- $101.1m
- Investments
- $758.6m
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 04/1994
- Data as of
- 12/2022
- 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 12/2022, Sobrato Family Foundation generated $101.1m 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 (26.3%) each year. All expenses for the organization totaled $73.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sobrato Family Foundation has awarded 1,426 individual grants totaling $281,955,613. 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
2022
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.
FAMILY INITIATIVES AND NEW OPPORTUNITIES FOCUSED ON INDIVIDUAL AND COLLABORATIVE INVESTMENTS IN AREAS OF INTEREST TO FAMILY MEMBERS AS WELL AS NEW AREAS OF COLLECTIVE GRANTMAKING THAT HAVE NOT BEEN ESTABLISHED AS FORMAL PROGRAMS.
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 $2,444,918 (COLUMN A ON PART 1). DIRECT CHARITABLE ACTIVITIES FOR CHARITABLE PURPOSES IS $3,948,988 (COLUMN D ON PART 1).)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Sobrato Chair Emeritus | 1 | $0 | |
Lisa Sonsini Board Secretary | 5 | $0 | |
John M Sobrato Director | 1 | $0 | |
Sheri Brisson Director | 1 | $0 | |
Sue Sobrato Director | 1 | $0 | |
Susan Hurlimann Herz President | 45 | $801,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Open Impact Llc | 12/30/22 | $321,450 |
Social Policy Research Associates Inc | 12/30/22 | $306,592 |
Cea Consulting | 12/30/22 | $108,331 |
Learning For Action | 12/30/22 | $103,825 |
Spoke Consulting | 12/30/22 | $86,374 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $164,700,000 |
| Interest on Savings | $3,113,667 |
| Dividends & Interest | $9,593,002 |
| Net Rental Income | -$4,725,887 |
| Net Gain on Sale of Assets | -$80,620,577 |
| Capital Gain Net Income | $84,413,062 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,976,487 |
| Total Revenue | $101,138,114 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $801,000 |
| Other employee salaries and wages | $124,454 |
| Pension plans, employee benefits | $488,489 |
| Interest | $2,122,856 |
| Taxes | $1,930,188 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,159 |
| Printing and publications | $0 |
| Other expenses | $9,425,088 |
| Total operating and administrative expenses | $15,890,258 |
| Contributions, gifts, grants paid | $57,371,713 |
| Total expenses and disbursements | $73,261,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,659,673 |
| 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 | $35,195 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $398,690 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $758,610,566 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $843,704,124 |
| Accounts payable and accrued expenses | $334,542 |
| Grants payable | $18,249,645 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,612,383 |
| Total liabilities | $22,196,570 |
Grants Awarded
Over the last fiscal year, Sobrato Family Foundation has awarded $69,805,156 in support to 558 organizations.
| Grant Recipient | Amount |
|---|---|
ACE CHARTER SCHOOL PURPOSE: TO PROVIDE ONGOING, PERSONALIZED SUPPORT FOR ITS FIRST-GENERATION STUDENTS OF COLOR TO ENROLL IN, PERSIST AND GRADUATE FROM COLLEGE. | $200,000 |
AFRICAN AMERICAN COMMUNITY SERVICE AGENCY PURPOSE: EMPLOYEE MATCHING GIFT | $60 |
AFRICAN AMERICAN COMMUNITY SERVICE AGENCY PURPOSE: TO SUPPORT AN EXECUTIVE DIRECTOR'S SABBATICAL | $10,000 |
ABODE SERVICES PURPOSE: GENERAL OPERATING SUPPORT | $262,500 |
ABLE WORKS PURPOSE: SUPPORTING FIRST GENERATION COMMUNITY COLLEGE STUDENTS THROUGH ACHIEVEABLE | $150,000 |
10000 DEGREES PURPOSE: WILL ENABLE 10,000 DEGREES TO COMPLETE ITS EXPANSION TO FOUR LOW-INCOME HIGH SCHOOLS IN SAN JOSE, BRINGING THEIR COMPREHENSIVE COLLEGE ACCESS PROGRAM TO JUNIORS AND ALL SENIORS AT THESE SCHOOLS AND SIGNIFICANTLY INCREASING THE NUMBER OF STUDENTS GOING TO COLLEGE. I,10,000 DEGREES WILL INSTITUTE THEIR COLLEGE SCHOLARSHIPS AND WRAP-AROUND SUCCESS SUPPORT FOR NEARLY 400 STUDENTS, FOCUSED ON THOSE STARTING IN COMMUNITY COLLEGE, AND HELPING THEM NAVIGATE THEIR ENTIRE COLLEGE SUCCESS JOURNEY. | $200,000 |