Terasaki Family Foundation
- Assets
- $55.8m
- Revenue
- $8.5m
- Investments
- $50.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/1990
- Data as of
- 12/2021
- EIN
- 95-4249502
Organization Overview
Terasaki Family Foundation is located in Los Angeles, CA. The organization was established in 1990. 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. Terasaki Family 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, Terasaki Family Foundation generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $9.7m during the year ending 12/2021. While expenses have increased by 9.6% 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 2014, Terasaki Family Foundation has awarded 63 individual grants totaling $16,168,977. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
TERASAKI INSTITUTE FOR BIOMEDICAL INNOVATION(TIBI) HAS SIX SEVERAL SENIOR SCIENTISTS CONDUCTING INDEPENDENT REASEARCH IN SIX MAJOR LABORATORIES. SEE ATTACHED STATEMENT FOR DETAILS. IN ADDITION TO THESE MAJOR RESEARCH PROJECTS, INDEPENDENT RESEARCH IS CONDUCTED IN THE FIELD OF PERSONALIZED MEDICINE, SPECIFICALLY PERSONALIZED PHYSIOLOGICAL MODELS, PERSONALIZED IMPLANTS, PERSONALIZED DEVICES, PERSONALIZED CELLS AND PERSONALIZED BIOMATERIALS.
DURING 2021,TIBI WAS AWARDED NUMEROUS GRANTS TO CONDUCT VARIOUS RESEARCH PROJECTS. SEE ATTACHED DETAIL LISTING.
SEE ATTACHED STATEMENT LISTING OF VIRTUAL PRESENTATIONS REGARDING VARIOUS RESEARCH PROJECTS DURING 2021 WITH TOTAL PARTICIPANTS OF 26,200 WITH AN AVERAGE ATTENDANCE OF 510 PARTICIPANTS. ALSO SEE ATTACHED STATEMENT LISTING OF PUBLICATIONS ISSUED DURING 2021 REGARDING RESEARCH FINDINGS.
TRANSPLANT EDUCATION CENTER TO INSPIRE AND EDUCATE PEOPLE ABOUT KIDNEY TRANSPLANTATION AND LIVNG ORGAN DONATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alireza Khademhosseini CEO | 40 | $608,500 | |
Maurizio Vecchione Innovations | 40 | $253,542 | |
Lawrence Brogan CFO | 40 | $228,187 | |
Steven Hardy Retired CFO | 1 | $166,667 | |
Stewart Han Development | 40 | $162,267 | |
Rene Castro Director Of Op | 40 | $162,267 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Megan Bettilyon | 12/30/21 | $110,000 |
Ramadan Assi | 12/30/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,262,844 |
| Interest on Savings | $105,964 |
| Dividends & Interest | $1,447,611 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,711,628 |
| Capital Gain Net Income | $2,711,628 |
| Net ST Capital Gain | $156,550 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$11,963 |
| Other Income | -$59,164 |
| Total Revenue | $8,456,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,252,496 |
| Other employee salaries and wages | $3,404,376 |
| Pension plans, employee benefits | $99,717 |
| Interest | $6,922 |
| Taxes | $320,040 |
| Depreciation | $281,462 |
| Occupancy | $265,168 |
| Travel, conferences, and meetings | $21,133 |
| Printing and publications | $0 |
| Other expenses | $2,139,285 |
| Total operating and administrative expenses | $8,917,775 |
| Contributions, gifts, grants paid | $829,041 |
| Total expenses and disbursements | $9,746,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,850,510 |
| 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 | $1,764 |
| Inventories for sale or use | $6,364 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,077,234 |
| Net Land, buildings, and equipment | $836,280 |
| Other assets | $2,706,907 |
| Total assets | $55,847,762 |
| 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 | $2,980,672 |
| Other liabilities | $32,118 |
| Total liabilities | $3,012,790 |
Grants Awarded
Over the last fiscal year, Terasaki Family Foundation has awarded $829,041 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM WOMEN'S HOSPITAL PURPOSE: GRANT SUB AWARD AMOUNT | $411,514 |
REGENTS OF UNIVERSITY OF CA LOS ANG PURPOSE: RESEARCH GRANT AWARD - MICROBIOTA AND ALLOGRAFT OUTCOMES: FROM MOUSE TO HUMAN INVESTIGATOR - JERZY KUPIEC-WEGLINKSI | $214,200 |
San Antonio, TX PURPOSE: GRANT SUB AWARD AMOUNT | $189,885 |
REGENTS OF UNIVERSITY OF CA LOS ANG PURPOSE: RESEARCH GRANT AWARD - LEVERAGING THE UCLA CKD REGISTRY AND A TARGETED, EVIDENCE-BASED AF INVESTIGATOR - SUSANNE NICHOLAS | $13,442 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Terasaki Family Foundation has recieved totaling $1,195,515.
| Awarding Organization | Amount |
|---|---|
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PURPOSE | $761,030 |
Advanced Regenerative Manufacturing Institute Inc Manchester, NH PURPOSE: Subaward pursuant to our Technology Investment Agreement with the Government | $284,485 |
Metavivor Research And Support Inc Annapolis, MD PURPOSE: RESEARCH | $100,000 |
Good Food Institute Inc Arlington, VA PURPOSE: MICROGROOVED ZEIN MACRO-WHISKERS FOR LARGE-SCALE PROLIFERATION AND DIFFERENTIATION OF LAMB MUSCLE CELLS | $50,000 |
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 |