Sophiagrace Foundation
- Assets
- $15.8m
- Revenue
- $3.3m
- Investments
- $15.3m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 82-0740486
Organization Overview
Sophiagrace Foundation is located in Santa Monica, CA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sophiagrace 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, Sophiagrace Foundation generated $3.3m in total revenue. All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 14.8% 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 2018, Sophiagrace Foundation has awarded 220 individual grants totaling $6,052,047. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT GIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Singleton Director President | 10 | $0 | |
Cindy Yao Director Treasurer | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiedemann Advisors | 12/30/20 | $136,907 |
Foundation Source | 12/30/20 | $53,823 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,747,572 |
| Interest on Savings | $0 |
| Dividends & Interest | $259,319 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $271,950 |
| Capital Gain Net Income | $271,950 |
| Net ST Capital Gain | $271,950 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,278,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,385 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,786 |
| Total operating and administrative expenses | $26,646 |
| Contributions, gifts, grants paid | $3,497,387 |
| Total expenses and disbursements | $3,524,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,922 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $39,557 |
| Total assets | $15,821,824 |
| Accounts payable and accrued expenses | $7,903 |
| 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 | $7,903 |
Grants Awarded
Over the last fiscal year, Sophiagrace Foundation has awarded $3,464,221 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
AMNESTY INTERNATIONAL OF THE USA INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CALIFORNIA LEAGUE OF CONSERVATION VOTERS EDUCATION PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
ASIAN TASK FORCE AGAINST DOMESTIC VIOLENCE INC PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
CENTER FOR BIOLOGICAL DIVERSITY INC PURPOSE: SAVING LIFE ON EARTH FUND | $25,000 |
CALIFORNIA PUBLIC INTEREST RESEARCH EDUCATION FUND PURPOSE: GENERAL & UNRESTRICTED | $10,000 |