Starbucks Foundation
- Assets
- $43.8m
- Revenue
- $32.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 09/1998
- Data as of
- 09/2023
- EIN
- 91-1795425
Organization Overview
Starbucks Foundation is located in Seattle, WA. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starbucks 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 09/2023, Starbucks Foundation generated $32.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $24.2m during the year ending 09/2023. While expenses have increased by 15.2% per year over the past 7 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, Starbucks Foundation has awarded 579 individual grants totaling $109,023,830. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Trilling President/director | 1 | $0 | |
Michelle Burns Vice President/secretary/director | 1 | $0 | |
Alicia Vermaele Executive Officer | 5 | $0 | |
Curtis Freeman Treasurer | 1 | $0 | |
Brady Brewer Director | 1 | $0 | |
Michael Conway Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Point B Inc | 9/29/18 | $131,902 |
Smartsimple Software Ltd | 9/29/18 | $66,444 |
Schonfield Consulting | 9/29/18 | $51,013 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,349,784 |
| Interest on Savings | $993,382 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,343,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,549 |
| Total operating and administrative expenses | $121,003 |
| Contributions, gifts, grants paid | $24,044,466 |
| Total expenses and disbursements | $24,165,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,805,725 |
| 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 | $43,805,725 |
| Accounts payable and accrued expenses | $11,484 |
| Grants payable | $15,022,008 |
| 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 | $15,033,492 |
Grants Awarded
Over the last fiscal year, Starbucks Foundation has awarded $33,520,984 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF BEAN VOYAGE PURPOSE: THRIVING COMMUNITIES & DISASTER RESPONSE | $149,950 |
A WIDER CIRCLE PURPOSE: THRIVING COMMUNITIES & DISASTER RESPONSE | $15,000 |
AMERICAN RED CROSS PURPOSE: THRIVING COMMUNITIES & DISASTER RESPONSE | $1,420,000 |
ARKANSAS FOODBANK PURPOSE: THRIVING COMMUNITIES & DISASTER RESPONSE | $10,000 |
ASIAN COUNSELING AND REFERRAL SERVICE PURPOSE: THRIVING COMMUNITIES & DISASTER RESPONSE | $10,000 |
BOYS & GIRLS CLUBS OF AMERICA PURPOSE: THRIVING COMMUNITIES & DISASTER RESPONSE | $25,000 |