1011 Foundation Inc
- Assets
- $63.6m
- Revenue
- $397.3k
- Investments
- $53.5m
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 91-2168491
Organization Overview
1011 Foundation Inc is located in Santa Monica, CA. The organization was established in 2001. 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. 1011 Foundation Inc 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, 1011 Foundation Inc generated $397.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $9.9m during the year ending 12/2022. While expenses have increased by 10.6% per year over the past 8 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 2015, 1011 Foundation Inc has awarded 217 individual grants totaling $41,498,847. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Kotick President & Director | 5 | $0 | |
Judith Hans Vice President & Director | 5 | $0 | |
Deborah Gruber Secretary & Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $385,880 |
| Dividends & Interest | $190,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$179,253 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $397,262 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,021 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,113 |
| Total operating and administrative expenses | $81,680 |
| Contributions, gifts, grants paid | $9,838,740 |
| Total expenses and disbursements | $9,920,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,097,022 |
| Net Accounts receivable | $15,280 |
| 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 | $5,433,460 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,652 |
| Total assets | $63,646,656 |
| 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, 1011 Foundation Inc has awarded $9,838,740 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
803011 FOUNDATION PURPOSE: TO SUPPORT THE DISPLAY OF FINE ART | $7,260,000 |
BEST FRIENDS ANIMAL SOCIETY PURPOSE: TO SUPPORT ANIMAL PROTECTION AND WELFARE | $5,000 |
BEVERLY HILLS POLICE OFFICERS BENEVOLENT FUND PURPOSE: TO ENRICH THE COMMUNITY WITH ACTIVITIES AND TO ENHANCE POLICE SERVICES. | $25,000 |
BND USA FOUNDATION PURPOSE: TO PROMOTE THE HEALTH, EDUCATION, AND WELFARE OF HAITIAN POPULACE | $187,907 |
AMERICAN FRIENDS OF THE LOUVRE PURPOSE: TO SUPPORT MUSEUM ACTIVITIES AND ART EXHIBITIONS | $2,500 |
BREAST CANCER RESEARCH FOUNDATION PURPOSE: TO SUPPORT MEDICAL RESEARCH AND PROGRAMS | $25,000 |