Padres Foundation
- Assets
- $2.6m
- Revenue
- $950.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-2350619
Organization Overview
Padres Foundation is located in San Diego, CA. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Padres 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, Padres Foundation generated $950.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $459.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Padres Foundation has awarded 87 individual grants totaling $1,770,452. 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 Mission:
Part 3 - Line 1
THE PADRES FOUNDATION IS THE PRIMARY SOURCE OF FUNDING FOR THE PADRES CLUB'S OUTREACH INITIATIVES IN THE AREAS OF CHILDREN'S HEALTH, EDUCATION, FITNESS, AND YOUTH BASEBALL/SOFTBALL.
Describe the Organization's Program Activity:
IN CONJUNCTION WITH THE SAN DIEGO PADRES, THE PADRES FOUNDATION RUNS YOUTH BASEBALL CAMPS. NET PROCEEDS FROM THE BASEBALL CAMPS DIRECTLY BENEFIT THE FOUNDATION. IN 2021, THERE WERE 1,265 PARTICIPANTS ENROLLED IN THE BASEBALL CAMPS.EVERY YEAR, THE SAN DIEGO PADRES AND THE PADRES FOUNDATION ALSO PARTNER TOGETHER TO PUT ON FAN FEST. THE FOUNDATION CONDUCTS A GARAGE SALE OF UNIQUE BASEBALL MEMORABILIA AND EQUIPMENT. ALL PROCEEDS COLLECTED DIRECTLY BENEFIT THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Seidler President/ Director | OfficerTrustee | 2 | $0 |
Caroline Perry Secretary/director | OfficerTrustee | 2 | $0 |
Erik Greupner Chief Executive Officer/director | OfficerTrustee | 2 | $0 |
Ronda Sedillo Chief Financial Officer (thru 1/21) | Officer | 2 | $0 |
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 | $508,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $508,243 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $442,077 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $950,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $292,873 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $693 |
| Office expenses | $3,383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,800 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $459,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,522,713 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $90,142 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,612,855 |
| Accounts payable and accrued expenses | $292,646 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| 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 | $77,189 |
| Total liabilities | $371,835 |
| Net assets without donor restrictions | $532,460 |
| Net assets with donor restrictions | $1,708,560 |
| 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 | $2,612,855 |
Grants Awarded
Over the last fiscal year, Padres Foundation has awarded $226,206 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: GENERAL SUPPORT | $98,000 |
San Diego, CA PURPOSE: FALL FUNDRAISER - GENERAL SUPPORT | $50,000 |
San Diego, CA PURPOSE: FUNDS FOR HOUSING CONSTRUCTION IN TIJUANA | $18,500 |
San Diego, CA PURPOSE: GENERAL SUPPORT | $10,000 |
San Diego, CA PURPOSE: SCHOLARSHIP | $10,000 |
LUCKY DUCK FOUNDATION PURPOSE: EVENT SPONSORSHIP | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Padres Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bright Funds Foundation San Jose, CA | $23,418,833 | $59,277,249 |
Monterey Peninsula Foundation Monterey, CA | $50,385,331 | $28,291,060 |
Tiger Woods Charity Event Corp Irvine, CA | $9,536,474 | $23,227,782 |
Pledgeling Foundation Venice, CA | $2,856,994 | $17,411,331 |
Social Impact Fund Los Angeles, CA | $12,584,440 | $14,562,924 |
Solidaire Network Inc Oakland, CA | $12,776,145 | $7,898,596 |
Century Club Of San Diego La Jolla, CA | $2,243,411 | $13,615,886 |
Eat Learn Play Foundation Oakland, CA | $9,809,770 | $13,607,001 |
Cilhaas Supporting Foundation Alameda, CA | $0 | $0 |
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Patricia And Paul Bragg Foundation Santa Barbara, CA | $96,344,460 | $2,462,516 |
Devto Support Foundation Newport Beach, CA | $95,101,323 | $1,275,327 |