Broad Foundation
- Assets
- $1.8b
- Revenue
- $135.8m
- Investments
- $1.5b
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 95-4686318
Organization Overview
Broad Foundation is located in Los Angeles, CA. The organization was established in 1999. 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. Broad 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 12/2022, Broad Foundation generated $135.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $87.3m during the year ending 12/2022. While expenses have increased by 1.2% 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 2015, Broad Foundation has awarded 1,398 individual grants totaling $1,539,950,064. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edythe L Broad Trustee | 2 | $0 | |
Gerun Riley See Statement 14 President, Trustee | 30 | $440,000 | |
Suzanne Nora Johnson Trustee | 2 | $0 | |
Jay Wintrob Trustee | 2 | $0 | |
Susan Jack Vice President/chief | 32 | $230,500 | |
Erin Grimes Director, Grant Oper | 40 | $142,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Family Office Investment Services Llc | 12/30/22 | $2,187,705 |
Family Office Financial Services Llc | 12/30/22 | $1,861,310 |
Iconiq Strategic Partners | 12/30/22 | $600,000 |
Arsenal Capital Partners | 12/30/22 | $300,000 |
Estolano Advisors | 12/30/22 | $233,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,997,990 |
| Interest on Savings | $6,013 |
| Dividends & Interest | $5,447,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,725,169 |
| Capital Gain Net Income | $68,101,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,579,306 |
| Total Revenue | $135,756,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $703,919 |
| Pension plans, employee benefits | $81,282 |
| Interest | $0 |
| Taxes | $563,416 |
| Depreciation | $0 |
| Occupancy | $91,977 |
| Travel, conferences, and meetings | $19,031 |
| Printing and publications | $23,191 |
| Other expenses | $264,261 |
| Total operating and administrative expenses | $8,601,990 |
| Contributions, gifts, grants paid | $78,680,185 |
| Total expenses and disbursements | $87,282,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,307 |
| Savings and temporary cash investments | $250,386,994 |
| 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 | $1,439,971,183 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $28,556,445 |
| Total assets | $1,796,026,081 |
| Accounts payable and accrued expenses | $1,040,864 |
| Grants payable | $352,087,597 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,670,777 |
| Total liabilities | $360,799,238 |
Grants Awarded
Over the last fiscal year, Broad Foundation has awarded $122,319,231 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
4C LAB PURPOSE: SKILLS - INVESTMENT TO EQUIP YOUNG PEOPLE WITH SKILLS, TRAINING, AND EXPERIENCES TO THRIVE PERSONALLY AND PROFESSIONALLY | $1,000 |
A PLACE CALLED HOME PURPOSE: CIVIC AND COMMUNITY - INVESTMENT TO SUPPORT PUBLIC PRIVATE PARTNERSHIPS, CIVIC OR COMMUNITY-BASED CHARITABLE INITIATIVES | $250 |
AD ARCHITECTURE & DESIGN MUSEUM LOS ANGELES PURPOSE: ARTS - INVESTMENT TO INCREASE ACCESS TO THE VISUAL, PERFORMING, AND LITERARY ARTS | $5,000 |
ADVANCEMENT PROJECT PURPOSE: CIVIC AND COMMUNITY - INVESTMENT TO SUPPORT PUBLIC PRIVATE PARTNERSHIPS, CIVIC OR COMMUNITY-BASED CHARITABLE INITIATIVES | $10,000 |
ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FOUNDATION PURPOSE: SKILLS - INVESTMENT TO EQUIP YOUNG PEOPLE WITH SKILLS, TRAINING, AND EXPERIENCES TO THRIVE PERSONALLY AND PROFESSIONALLY | $140,000 |
ALZHEIMER'S GREATER LOS ANGELES PURPOSE: SCI & MED RESEARCH - INVESTMENT TO ADVANCE SCIENTIFIC AND MEDICAL RESEARCH | $5,000 |