Somekh Family Foundation
- Assets
- $902.6k
- Revenue
- $180.7k
- Investments
- $862.3k
- Employees
- 0
- Location
- Los Altos Hills, CA
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 77-0471511
Organization Overview
Somekh Family Foundation is located in Los Altos Hills, CA. The organization was established in 1998. 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. Somekh 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, Somekh Family Foundation generated $180.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $479.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Somekh Family Foundation has awarded 606 individual grants totaling $3,128,906. 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 |
|---|---|---|---|
Sass Somekh Trustee | 1 | $0 | |
Eta Somekh Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53 |
| Dividends & Interest | $29,138 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,555 |
| Capital Gain Net Income | $151,555 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $180,746 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,457 |
| Taxes | $1,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $43,876 |
| Printing and publications | $0 |
| Other expenses | $7,421 |
| Total operating and administrative expenses | $66,014 |
| Contributions, gifts, grants paid | $413,664 |
| Total expenses and disbursements | $479,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,317 |
| 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 | $750,538 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $902,600 |
| 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 | $161,735 |
| Total liabilities | $161,735 |
Grants Awarded
Over the last fiscal year, Somekh Family Foundation has awarded $413,664 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF ISRAEL PHILHARMONIC PURPOSE: CULTURE & EDUCATION | $36,000 |
CONGREGATION KOL EMETH PURPOSE: CULTURE & EDUCATION | $3,575 |
AMERICAN ISRAEL EDUCATION FOUNDATION PURPOSE: CULTURE & EDUCATION | $90,000 |
ISRAAID PURPOSE: CULTURE & EDUCATION | $25,180 |
ADL PURPOSE: CULTURE & EDUCATION | $500 |
AMERICAN FRIENDS OF ISRAEL SCIENCE MUSEUM PURPOSE: CULTURE & EDUCATION | $10,360 |