Crankstart Foundation
- Assets
- $5.1b
- Revenue
- $480.7m
- Investments
- $5.0b
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 94-3377099
Organization Overview
Crankstart Foundation is located in San Francisco, CA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Crankstart 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, Crankstart Foundation generated $480.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $382.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Crankstart Foundation has awarded 1,074 individual grants totaling $491,066,236. 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 |
|---|---|---|---|
Michael Moritz President/cfo | 3 | $0 | |
Missy Narula CEO | 25 | $0 | |
Harriet Heyman Director | 3 | $0 | |
Jake Moritz Director | 0 | $0 | |
Judi Powell Audit Chair | 0 | $0 | |
William Moritz Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frank Rimerman & Co | 12/30/21 | $121,950 |
Pennbrook Insurance Services Inc | 12/30/21 | $56,160 |
Pacific Foundation Services Llc | 12/30/21 | $490,404 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $228,084,248 |
| Interest on Savings | $2,638,302 |
| Dividends & Interest | $31,890 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $249,420,308 |
| Capital Gain Net Income | $767,703,362 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $520,890 |
| Total Revenue | $480,695,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,977,308 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,468,888 |
| Total operating and administrative expenses | $22,602,808 |
| Contributions, gifts, grants paid | $359,492,937 |
| Total expenses and disbursements | $382,095,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,658,432 |
| Net Accounts receivable | $2,482,037 |
| 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 | $3,478,514,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $85,972,025 |
| Total assets | $5,105,990,197 |
| Accounts payable and accrued expenses | $2,991 |
| Grants payable | $145,368,058 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $51,680,342 |
| Total liabilities | $197,051,391 |
Grants Awarded
Over the last fiscal year, Crankstart Foundation has awarded $359,492,937 in support to 684 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT THE MUSIC ADVANCEMENT PROGRAM | $50,000,000 |
San Francisco, CA PURPOSE: REGIONAL HOMELESSNESS PREVENTION FUND (RHPF) | $10,000,000 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $5,000,000 |
Washington, DC PURPOSE: GENERAL SUPPORT FOR ARC RESEARCH INSTITUTE | $5,000,000 |
Washington, DC PURPOSE: GENERAL SUPPORT FOR CLIMATE AND CLEAN ENERGY EQUITY FUND | $5,000,000 |
SAN FRANCISCO DEPARTMENT OF CHILDREN YOUTH AND THEIR FAMILIES PURPOSE: BEFORE AND AFTERCARE PROGRAMS FOR SFUSD STUDENTS | $5,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crankstart Foundation San Francisco, CA | $5,105,990,197 | $480,695,638 |
Conrad N Hilton Foundation Westlake Village, CA | $7,732,630,405 | $2,481,413,875 |
Good Ventures Foundation Palo Alto, CA | $4,383,621,636 | $449,683,738 |
The California Endowment Los Angeles, CA | $0 | $280,955,609 |
Sergey Brin Family Foundation San Francisco, CA | $4,934,252,269 | $912,518,052 |
James Irvine Foundation San Francisco, CA | $4,085,262,775 | $499,578,433 |
Columbia Lutheran Charities Astoria, OR | $246,096,987 | $180,771,261 |
Skoll Foundation Palo Alto, CA | $1,166,571,958 | $379,652,535 |
Broad Foundation Los Angeles, CA | $2,410,166,174 | $240,915,854 |
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |