Saisei Foundation
- Assets
- $2.5m
- Revenue
- $2.7m
- Investments
- $1.1m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 83-2599773
Organization Overview
Saisei Foundation is located in Austin, TX. 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. Saisei 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, Saisei Foundation generated $2.7m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 23.6% 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, Saisei Foundation has awarded 25 individual grants totaling $4,628,050. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Ferriss President | 0 | $0 | |
Robert Kevin Rose Treasurer & Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,423,859 |
| Interest on Savings | $0 |
| Dividends & Interest | $16 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,308,508 |
| Capital Gain Net Income | $1,308,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,732,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $525 |
| Total operating and administrative expenses | $57,580 |
| Contributions, gifts, grants paid | $1,529,622 |
| Total expenses and disbursements | $1,587,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,426,293 |
| 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 | $0 |
| Total assets | $2,538,129 |
| 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, Saisei Foundation has awarded $1,529,622 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY PURPOSE: ANNUAL FUNDRAISING | $442,982 |
Cambridge, MA PURPOSE: ANNUAL FUNDRAISING | $299,148 |
UNIVERSITY OF CALIFORNIA PURPOSE: ANNUAL FUNDRAISING | $266,771 |
PSYCHEDELIC SCIENCE FUNDERS COLLABORATIVE PURPOSE: ANNUAL FUND RAISING PUBLICLY TRADED SECURITIES BOOK VALUE = ROLLOVER BASIS FMV = AVERAGE HIGH/LOW COST AT DATE OF TRANSFER DATYE OF TRANSFER = APRIL 4, 2021 | $126,011 |
UNIVERSITY OF OTAGO PURPOSE: ANNUAL FUNDRAISING | $100,000 |
UNIVERSITY OF CALIFORNIA SAN FRANCISCO PURPOSE: ANNUAL FUND RAISING PUBLICLY TRADED SECURITIES BOOK VALUE = ROLLOVER BASIS FMV = AVERAGE HIGH/LOW COST AT DATE OF TRANSFER DATYE OF TRANSFER = FEBRUARY 18, 2021 | $99,710 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |