Strompolos Family Foundation
- Assets
- $5.8m
- Revenue
- $750.6k
- Investments
- $5.7m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 06/2019
- Data as of
- 12/2021
- 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 12/2021, Strompolos Family Foundation generated $750.6k in total revenue. All expenses for the organization totaled $266.4k during the year ending 12/2021. While expenses have increased by 48.0% 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 2020, Strompolos Family Foundation has awarded 63 individual grants totaling $385,841. 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
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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,470 |
| Interest on Savings | $3 |
| Dividends & Interest | $98,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $645,462 |
| Capital Gain Net Income | $645,462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,906 |
| Total Revenue | $750,561 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,190 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,878 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,000 |
| Total operating and administrative expenses | $45,436 |
| Contributions, gifts, grants paid | $221,000 |
| Total expenses and disbursements | $266,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,506 |
| 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 | $5,836,740 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $18,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,000 |
Grants Awarded
Over the last fiscal year, Strompolos Family Foundation has awarded $221,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Monica, CA PURPOSE: TO CONTRIBUTE TO ONE-OF-A-KIND PROGRAMMING AND COMMUNITY EVENTS THAT RANGE FROM NEWS TO CULTURE.TO CONTRIBUTE TO PROGRAMMING AND COMMUNITY EVENTS RANGING FROM NEWS TO MUSIC TO CULTURE. | $25,000 |
YAMPA VALLEY COMMUNITY FOUNDATION PURPOSE: TO CONTRIBUTE TO SUPPORT ELEMENTS THAT BUILD A THRIVING COMMUNITY. | $17,500 |
Los Angeles, CA PURPOSE: TO FIGHT HUNGER IN LOS ANGELES COUNTY. | $10,000 |
Los Angeles, CA PURPOSE: TO PROVIDE CHILDREN LIVING IN POVERTY WITH BASIC ESSENTIALS. | $10,000 |
WORLD CENTRAL KITCHEN PURPOSE: COVID-19 FOOD RELIEF. | $10,000 |
Los Angeles, CA PURPOSE: PROVIDING A QUALITY, INDIVIDUALIZED MONTESSORI PROGRAM FOR CHILDREN. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loma Linda - Inland Empire Consortium For Healthcare Educatio Loma Linda, CA | $13,392,456 | $70,891,145 |
The Larry Ellison Foundation Walnut Creek, CA | $37,551,478 | $41,100,114 |
The@bob And Margie Petersen Foundation Pasadena, CA | $667,659 | $2,230,866 |
H N And Frances C Berger Foundation Palm Desert, CA | $0 | $33,542,888 |
Nike Foundation Beaverton, OR | $18,150,265 | $37,684,992 |
Playworks Education Energized Oakland, CA | $24,126,538 | $37,991,341 |
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |