J-P Conte Family Foundation
- Assets
- $49.2m
- Revenue
- $18.9m
- Investments
- $49.1m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-4625648
Organization Overview
J-P Conte Family Foundation is located in San Francisco, CA. The organization was established in 2017. 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. J-P Conte 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 12/2021, J-P Conte Family Foundation generated $18.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 29.8% per year over the past 3 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 2019, J-P Conte Family Foundation has awarded 58 individual grants totaling $5,915,833. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FIRST GENERATION SCHOLARS/AMERICANS TO ATTEND COLLEGE AND SUCCEED.
SUPPORT ENVIRONMENTAL ORGANIZATIONS THAT FOCUS ON PRESERVING NATURE AND EDUCATING THE COMMUNITY VIA SCIENCE BASED CONSERVATORSHIP.
SUPPORT IMMIGRATION REFORM TO ALLOW FOR THOSE IMMIGRATING TO THE COUNTRY TO OBTAIN THE EDUCATION AND SKILLS NECESSARY TO BE SUCCESSFUL.
SUPPORT THOUGHTFUL LEADERSHIP IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean-Pierre Conte President | 1 | $0 | |
Marta Cruz Secretary | 1 | $0 | |
Tracy Hom Cfo/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,776,357 |
| Interest on Savings | $0 |
| Dividends & Interest | $338,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,824,932 |
| Capital Gain Net Income | $12,899,209 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,940,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112,384 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,047 |
| Total operating and administrative expenses | $258,926 |
| Contributions, gifts, grants paid | $2,643,333 |
| Total expenses and disbursements | $2,902,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,870 |
| Savings and temporary cash investments | $0 |
| 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 | $23,337,355 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,172,386 |
| 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 | $9,666,667 |
| Total liabilities | $9,666,667 |
Grants Awarded
Over the last fiscal year, J-P Conte Family Foundation has awarded $2,643,333 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD BUSINESS SCHOOL PURPOSE: SUPPORT EDUCATION AT HARVARD BUSINESS SCHOOL. | $500,000 |
CPMC FOUNDATION - SUTTER HEALTH PURPOSE: GENERAL SUPPORT. | $416,667 |
US SAILING FOUNDATION PURPOSE: GENERAL SUPPORT. | $250,000 |
UNIVERSITY OF WISCONSIN FOUNDATION PURPOSE: SUPPORTING IMPROVEMENT OF STUDENT | $250,000 |
Ross, CA PURPOSE: SUPPORT THE EDUCATION OF YOUNG PEOPLE. | $200,000 |
PHSSPCA PURPOSE: SUPPORT ADOPTION OF LOCAL ANIMALS | $176,666 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |