Sourcewise
- Assets
- $9.3m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 125
- Location
- Santa Clara, CA
- Founding
- 06/1975
- Data as of
- 06/2023
- EIN
- 94-2256503
Organization Overview
Sourcewise is located in Santa Clara, CA. The organization was established in 1975. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, Sourcewise employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sourcewise 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 06/2023, Sourcewise generated $21.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $21.3m during the year ending 06/2023. While expenses have increased by 8.1% 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 2016, Sourcewise has awarded 107 individual grants totaling $45,471,769. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SOURCEWISE IS TO FOSTER A COMPREHENSIVE COORDINATED HOME AND COMMUNITY BASED SERVICE DELIVERY SYSTEM TO MEET THE NEEDS OF OLDER PERSONS AND THEIR CAREGIVERS IN SANTA CLARA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SERVICES TO ELDERLY IN SANTA CLARA COUNTY INCLUDING IN-HOME ASSISTANCE, MEALS & NUTRITIONAL SERVICES, DAY HEALTH CARE, TRANSPORTATION, RESPITE SERVICES, INSURANCE COUNSELING, LEGAL ASSISTANCE, JOB TRAINING AND PLACEMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Tepper President | OfficerTrustee | 2 | $0 |
Sonya Casares Vice President | OfficerTrustee | 2 | $0 |
Matthew Woodruff Treasurer | OfficerTrustee | 2 | $0 |
Robert Maclaughlin Board Member | Trustee | 2 | $0 |
Heather Severson-Tanez Board Member | Trustee | 2 | $0 |
Michal Ann Mendoza Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,880,749 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,005,405 |
| Noncash contributions included in lines 1a–1f | $118,613 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,886,154 |
| Total Program Service Revenue | $0 |
| Investment income | $21,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,267,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,058,912 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $797,089 |
| Compensation of current officers, directors, key employees. | $113,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,517,639 |
| Pension plan accruals and contributions | $245,489 |
| Other employee benefits | $417,144 |
| Payroll taxes | $453,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $486,259 |
| Advertising and promotion | $395,010 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $655,174 |
| Travel | $114,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,182 |
| Insurance | $67,878 |
| All other expenses | $913,187 |
| Total functional expenses | $21,292,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,495,115 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,769,763 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $226,305 |
| Net Land, buildings, and equipment | $1,798,244 |
| Investments—publicly traded securities | $162,569 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,839,799 |
| Total assets | $9,291,795 |
| Accounts payable and accrued expenses | $2,671,686 |
| Grants payable | $1,076,456 |
| Deferred revenue | $1,486,910 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,355,325 |
| Total liabilities | $7,590,377 |
| Net assets without donor restrictions | $1,701,418 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,291,795 |
Grants Awarded
Over the last fiscal year, Sourcewise has awarded $10,058,909 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: Title III-E | $95,400 |
ASIAN AMERICAN COMMUNITY FOR INVOLVEMENT PURPOSE: Title III-B | $52,117 |
AVENIDAS PURPOSE: Title III-B & III-E | $156,049 |
BAY AREA COMMUNITY HEALTH PURPOSE: Title III-B | $6,841 |
CITY OF SUNNYVALE PURPOSE: Title III-D | $63,657 |
CATHOLIC CHARITIES OF SANTA CLARA COUNTY PURPOSE: Title III & VII | $784,131 |