Sorenson Family Foundation
- Assets
- $617.7k
- Revenue
- $21.4k
- Investments
- $612.3k
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 84-1375516
Organization Overview
Sorenson Family Foundation is located in Boulder, CO. The organization was established in 1997. 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. Sorenson 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 12/2022, Sorenson Family Foundation generated $21.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $75.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sorenson Family Foundation has awarded 299 individual grants totaling $544,250. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Z Sorenson President | 1 | $0 | |
Charlotte Sorenson Vice President | 1 | $0 | |
Kristin E Sorenson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,508 |
| Capital Gain Net Income | $8,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $651 |
| Total Revenue | $21,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,786 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,701 |
| Contributions, gifts, grants paid | $71,500 |
| Total expenses and disbursements | $75,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,443 |
| 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 | $571,987 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $617,733 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,500 |
| 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 | $1,500 |
Grants Awarded
Over the last fiscal year, Sorenson Family Foundation has awarded $71,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
1 FOR THE PLANET PURPOSE: CHARITABLE | $500 |
BOSTON MUSEUM OF SCIENCE PURPOSE: CHARITABLE | $5,000 |
AMHERST COLLEGE PURPOSE: FRIENDS OF DFPL | $1,000 |
EARTH JUSTICE PURPOSE: CHARITABLE | $2,500 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: CHARITABLE | $1,000 |
DAIRY CENTER FOR THE ARTS PURPOSE: CHARITABLE | $1,000 |