Strompolos Family Foundation
- Assets
- $5.0m
- Revenue
- $266.8k
- Investments
- $4.9m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-2800287
Organization Overview
Strompolos Family Foundation is located in Santa Monica, CA. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Strompolos 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 12/2023, Strompolos Family Foundation generated $266.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $263.4k during the year ending 12/2023. While expenses have increased by 26.3% per year over the past 5 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 2020, Strompolos Family Foundation has awarded 176 individual grants totaling $1,103,270. 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
STROMPOLOS FAMILY FOUNDATION IS ORGANIZED AND OPERATED FOR THE SOLE PURPOSE OF MAKING CASH CONTRIBUTIONS TO QUALIFYING PUBLIC CHARITIES. THE FOUNDATION DOES NOT ENGAGE IN ANY OTHER DIRECT CHARITABLE ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,901 |
| Interest on Savings | $362 |
| Dividends & Interest | $112,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $149,374 |
| Capital Gain Net Income | $149,374 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $686 |
| Total Revenue | $266,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,685 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,822 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160 |
| Total operating and administrative expenses | $27,905 |
| Contributions, gifts, grants paid | $235,500 |
| Total expenses and disbursements | $263,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,079 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $18,721 |
| 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 | $5,032,427 |
| 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, Strompolos Family Foundation has awarded $235,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S MUSEUM OF DENVER AT MARSICO CAMPUS PURPOSE: TO CONTINUE TO SERVE AS A COMMUNITY GATHERING PLACE OFFERING HANDS-ON ENVIRONMENT WHERE CHILDREN LEARN THROUGH EXPLORATION AND PLAY. | $10,000 |
COURT SPORTS FOR LIFE FOUNDATION PURPOSE: TO ENRICH PEOPLE LIVES THROUGH PICKLEBALL AND TENNIS. | $2,500 |
DENVER PARK TRUST PURPOSE: TO EXPAND EQUITABLE ACCESS TO HIGH-QUALITY PARK. | $2,500 |
GIVE SKATE PURPOSE: TO DONATE TO HELP KIDS HAVE ACCESS TO GEAR AND SPACE TO SKATE. | $5,000 |
DENVER MUSEUM OF NATURE & SCIENCE PURPOSE: TO POWER YOUTH AND ADULT EDUCATION PROGRAMS. | $10,000 |
GOODFOUNDATION PURPOSE: TO PROVIDE A SOURCE OF STABILITY FOR FAMILIES AFFECTED BY COVID. | $5,000 |