Padi Foundation
- Assets
- $3.3m
- Revenue
- -$110.2k
- Investments
- $3.0m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 01/1992
- Data as of
- 05/2023
- EIN
- 95-4326850
Organization Overview
Padi Foundation is located in Beverly Hills, CA. The organization was established in 1992. 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. Padi Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Hanes Director | 1 | $14,000 | |
Andrew Saxon Director | 1 | $10,000 | |
Cory Stigile ESQ President | 1 | $5,000 | |
Jeff Nadler Director | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,454 |
| Dividends & Interest | $53,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$185,149 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $167 |
| Other Income | $0 |
| Total Revenue | -$110,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,400 |
| Printing and publications | $0 |
| Other expenses | $61,550 |
| Total operating and administrative expenses | $135,857 |
| Contributions, gifts, grants paid | $147,609 |
| Total expenses and disbursements | $283,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,442 |
| Savings and temporary cash investments | $278,654 |
| 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 | $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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,986 |
| Total assets | $3,313,189 |
| Accounts payable and accrued expenses | $17,167 |
| 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 | $432 |
| Total liabilities | $17,599 |