Akonadi Foundation
- Assets
- $35.7m
- Revenue
- $8.8m
- Investments
- $33.1m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 94-3329873
Organization Overview
Akonadi Foundation is located in Oakland, CA. The organization was established in 1999. 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. Akonadi 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, Akonadi Foundation generated $8.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lateefah Simon President | 40 | $460,638 | |
Cecilia Chen Prog. Assist. | 40 | $190,192 | |
Iris C Garcia Prog. Assist. | 40 | $130,168 | |
Vanessa T Camarena-Arredondo Prog. Assist. | 40 | $130,167 | |
Renee Geesler Prog. Assist. | 40 | $117,684 | |
Regina M Acebo Prog. Assist. | 40 | $80,412 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Change Consulting | 12/30/21 | $110,000 |
Rbc Dain Rauscher | 12/30/21 | $287,799 |
Rdp Consulting | 12/30/21 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,020,093 |
| Interest on Savings | $0 |
| Dividends & Interest | $390,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,695,118 |
| Capital Gain Net Income | $7,257,782 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$293,592 |
| Total Revenue | $8,812,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $479,845 |
| Other employee salaries and wages | $738,901 |
| Pension plans, employee benefits | $179,716 |
| Interest | $0 |
| Taxes | $146,715 |
| Depreciation | $1,966 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $74,502 |
| Printing and publications | $4,825 |
| Other expenses | $210,467 |
| Total operating and administrative expenses | $2,498,854 |
| Contributions, gifts, grants paid | $2,821,900 |
| Total expenses and disbursements | $5,320,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,179 |
| Savings and temporary cash investments | $1,818,834 |
| 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 | $493,689 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,007,270 |
| Net Land, buildings, and equipment | $20,183 |
| Other assets | $69,569 |
| Total assets | $35,655,636 |
| Accounts payable and accrued expenses | $33,143 |
| Grants payable | $1,250,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $209,213 |
| Total liabilities | $1,492,356 |
Grants Awarded
Over the last fiscal year, Akonadi Foundation has awarded $1,250,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG WOMEN'S FREEEDOM CENTER PURPOSE: PROJECT SUPPORT TO YOUTH LAW CENTER (YLC) WHICH IS A PUBLIC INTEREST LAW FIRM THAT HAS WORKED FOR FOUR DECADES TO TRANSFORM FOSTER CARE AND JUVENILE JUSTICE SYSTEMS ACROSS THE NATION | $600,000 |
MOVEMENT STRATEGY CENTER PURPOSE: GENERAL SUPPORT TO THE BAY AREA JUSTICE FUNDERS NETWORK MEMBERSHIP | $600,000 |
COMMUNITY DEVELOPMENT FINANCE PURPOSE: PROJECT SUPPORT TO TEACHERS ROOTED IN OAKLAND INITIATIVE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Akonadi Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
The Triskeles Foundation Glenmoore, PA PURPOSE: PROGRAM SUPPORT | $10,000 |
The Triskeles Foundation Glenmoore, PA PURPOSE: PROGRAM SUPPORT | $10,000 |
The Triskeles Foundation Glenmoore, PA PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |