El Gato Channel Foundation
- Assets
- $5.9m
- Revenue
- $460.3k
- Investments
- $5.7m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 83-1098449
Organization Overview
El Gato Channel Foundation is located in Santa Barbara, CA. The organization was established in 2019. 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. El Gato Channel 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, El Gato Channel Foundation generated $460.3k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $458.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, El Gato Channel Foundation has awarded 28 individual grants totaling $519,782. 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
THE EQUAL HYDRATION PROJECT "EHP" PROGRAM WAS ESTABLISHED BY THE FOUNDATION IN SANTA BARBARA COUNTY IN 2020. THE PROGRAM AIMS TO PROVIDE EQUITABLE ACCESS TO RELIABLE, SAFE, CLEAN DRINKING WATER AS WELL AS REDUCE THE USE OF SINGLE-USE PLASTIC WATER BOTTLES IN OUR COMMUNITY.THE PROGRAM PROVIDES ELKAY HYDRATION STATIONS TO SELECT GRANTEES BASED ON NEED AND POTENTIAL IMPACT. HYDRATION STATIONS ARE TO BE INSTALLED IN PUBLIC PLACES AND SOME INSTITUTIONAL/EDUCATIONAL LOCATIONS THAT SERVE PRIORITY COMMUNITIES. GRANTEES SERVE THE ELDERLY, PEOPLE EXPERIENCING HOMELESSNESS, INDIVIDUALS IN RECOVERY, LOW-INCOME FAMILIES, AT-RISK YOUTH, SURVIVORS OF DOMESTIC VIOLENCE AND ABUSE, ETC. GRANTS COVER THE COSTS OF HYDRATION STATION UNIT(S), FILTERS, CONTRACTOR/LABOR FEES, MAINTENANCE UP TO 5 YEARS, AND REFILLABLE WATER BOTTLES (AMOUNTS DEPEND ON NUMBERS ORGANIZATION SERVES). IN 2021, TOTAL EXPENSES FOR THE EHP PROJECT WERE $14,663.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Adrian President | 10 | $36,000 | |
Gina Giannetto Secretary/ Treasurer | 10 | $36,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $104,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $348,356 |
| Capital Gain Net Income | $348,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,369 |
| Total Revenue | $460,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,000 |
| Other employee salaries and wages | $18,782 |
| Pension plans, employee benefits | $25,508 |
| Interest | $0 |
| Taxes | $9,722 |
| Depreciation | $0 |
| Occupancy | $4,200 |
| Travel, conferences, and meetings | $335 |
| Printing and publications | $0 |
| Other expenses | $70,558 |
| Total operating and administrative expenses | $270,861 |
| Contributions, gifts, grants paid | $187,968 |
| Total expenses and disbursements | $458,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,892 |
| 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 | $1,904,762 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,798 |
| Total assets | $5,905,584 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, El Gato Channel Foundation has awarded $187,968 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Barbara, CA PURPOSE: EHP PROGRAM EXPENSE | $35,100 |
Arlington, VA PURPOSE: GENERAL OPERATING | $27,868 |
Santa Barbara, CA PURPOSE: ENVIRONMENTAL PROGRAMS | $27,500 |
Oakland, CA PURPOSE: GENERAL OPERATING | $25,000 |
Santa Barbara, CA PURPOSE: GENERAL OPERATING | $25,000 |
MONTESSORI CENTER PURPOSE: ENVIRONMENTAL PROGRAM FOR SCHOOL | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |