Armanino Foundation
- Assets
- $537.4k
- Revenue
- $505.8k
- Investments
- $279.0k
- Employees
- 0
- Location
- San Ramon, CA
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-2649898
Organization Overview
Armanino Foundation is located in San Ramon, CA. The organization was established in 2016. 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. Armanino 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, Armanino Foundation generated $505.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $421.7k during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 6 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 2017, Armanino Foundation has awarded 575 individual grants totaling $1,253,008. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEYOND ITS CHARITABLE GIVING PROGRAM, THE ARMANINO FOUNDATION ORGANIZES OFF-SITE VOLUNTEER PROJECTS. THESE VOLUNTEER PROJECTS TAKE THE CONCEPT OF THE FIRM'S GREAT GIVE EVENT BEYOND A SINGLE DAY AND EXTEND OUR COMMUNITY-BUILDING GOODWILL ACROSS THE GLOBE AND FOR LONGER PERIODS OF TIME (FOR EXAMPLE, 3-7 DAYS AT A TIME). THE ARMANINO FOUNDATION RECOGNIZES THAT MANY OF OUR TEAM MEMBERS ARE LOOKING FOR ALTERNATIVE WAYS TO GIVE BACK LOCALLY AND GLOBALLY. THIS UNIQUE PROGRAM IS OPEN TO ALL EMPLOYEES AND PARTNERS, IN ALL OFFICES AND REMOTE LOCATIONS. ARMANINO FOUNDATION TEAM MEMBERS HAVE COMPLETED VOLUNTEER PROJECTS ACROSS THE COUNTRY, AS WELL AS INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Teasdale Board Chair | 1 | $0 | |
Mary Tressel Executive Director | 40 | $0 | |
Katy Brown Treasurer | 1 | $0 | |
Barbara Carberry Secretary | 1 | $0 | |
Chris Carlberg Board Member | 1 | $0 | |
Andrew J Armanino Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $501,943 |
| Interest on Savings | $248 |
| Dividends & Interest | $3,640 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $505,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $192,528 |
| Total operating and administrative expenses | $192,628 |
| Contributions, gifts, grants paid | $229,085 |
| Total expenses and disbursements | $421,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $252,774 |
| 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 | $5,600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $537,352 |
| Accounts payable and accrued expenses | $15,251 |
| 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 | $0 |
| Total liabilities | $15,251 |
Grants Awarded
Over the last fiscal year, Armanino Foundation has awarded $229,085 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
1256 MOVEMENT PURPOSE: GENERAL ASSISTANCE | $5,000 |
A WORLD WITH COMPASSION PURPOSE: GENERAL ASSISTANCE | $500 |
ACAP PURPOSE: GENERAL ASSISTANCE | $15,000 |
ACCESS BOOKS BAY AREA PURPOSE: GENERAL ASSISTANCE | $1,000 |
ADOBE SERVICES PURPOSE: GENERAL ASSISTANCE | $2,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL ASSISTANCE | $1,000 |