Sobrato Foundation
- Assets
- $126.1m
- Revenue
- $2.8m
- Investments
- $7.8m
- Employees
- 0
- Location
- Mountain View, CA
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 80-0091312
Organization Overview
Sobrato Foundation is located in Mountain View, CA. The organization was established in 2004. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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 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 12/2023, Sobrato Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $18.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Sobrato Foundation has awarded 33 individual grants totaling $34,142,786. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOBRATO FOUNDATION SUPPORTS NONPROFITS AND SOCIAL IMPACT ORGANIZATIONS SERVING AT-RISK AND VULNERABLE MEMBERS OF OUR COMMUNITY. THE FOUNDATION ALSO MAKES INVESTMENTS TO SUPPORT PHILANTHROPIC ACTIVITIES RECOMMENDED BY INDIVIDUAL SOBRATO FAMILY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENVIRONMENT: ORGANIZATIONS WHOSE PRIMARY PURPOSE IS TO PRESERVE, PROTECT, AND IMPROVE THE ENVIRONMENT.
GENERAL NONPROFIT SUPPORT: SUPPORT FOR LOCAL PHILANTHROPIC AND COMMUNITY BASED ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 0.5 | $0 |
Name Not Listed Treasurer/ceo Of Svcf | OfficerTrustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Interim Secretary | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kovich Properties Ltd Property Management | 12/30/15 | $866,890 |
Silicon Valley Mechanical Building Improvements | 12/30/15 | $268,100 |
De Haro Mechanical Building Improvements | 12/30/15 | $418,688 |
First Alarm Security & Patrol Security Services | 12/30/15 | $109,582 |
All Seasons Roofing & Solar Building Improvements | 12/30/15 | $184,230 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,144,863 |
| Investment income | $403,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $243,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,791,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,900,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,780,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $301,450 |
| Fees for services: Legal | $2,239 |
| Fees for services: Accounting | $7,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,133 |
| Fees for services: Other | $0 |
| Advertising and promotion | $219 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,666,335 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,289,606 |
| Insurance | $19,539 |
| All other expenses | $0 |
| Total functional expenses | $18,229,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,086,226 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $349 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $83,900 |
| Net Land, buildings, and equipment | $114,029,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,843,425 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,329 |
| Total assets | $126,077,732 |
| Accounts payable and accrued expenses | $141,880 |
| Grants payable | $3,711,250 |
| Deferred revenue | $110,097 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $229,322 |
| Total liabilities | $4,192,549 |
| Net assets without donor restrictions | $121,885,183 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $126,077,732 |
Grants Awarded
Over the last fiscal year, Sobrato Foundation has awarded $6,900,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR PLANNING EXCELLENCE INC PURPOSE: Environment | $300,000 |
ROCKEFELLER PHILANTHROPY ADVISORS INC PURPOSE: Environment | $500,000 |
CERES INC PURPOSE: Environment | $350,000 |
WINDWARD FUND PURPOSE: Environment | $1,125,000 |
ROCKEFELLER FAMILY FUND INC PURPOSE: Environment | $1,500,000 |
RAINFOREST ACTION NETWORK PURPOSE: Environment | $1,000,000 |