Quakes Foundation EIN 68-0668050

Quakes Foundation

EIN  68-0668050 Public foundation / grantmaker San Jose, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Supports programs promoting positive changes in children and families, focusing on health and fitness.
Leadership
Jared Shawlee · Trustee and Officer
Money in and out
$508K revenue, $354K expenses
Bottom line
82% program efficiency

Supports programs promoting positive changes in children and families, focusing on health and fitness. For fiscal year 2024 it reported $508K in revenue, $354K in expenses, and $232K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$508K
Pt VIII · Ln 12
Total expenses
$354K
Pt IX · Ln 25
Net assets
$232K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $154K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.10 Fundraising $0.08
Program efficiency
82%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
11.6mo
months of highly liquid reserves at operating expense rate▲ +197% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +126% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$508K
FY2024▲ +14%
Expenses
$354K
FY2024▼ -8%
Total assets
$371K
FY2024▲ +85%
Total liabilities
$139K
FY2024▲ +14%
Total revenue
$508K
Pt VIII · Ln 12
Total expenses
$354K
Pt IX · Ln 25
Net assets
$232K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$154K
Total assetsPt X · Ln 16$371K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $204K of program spending, described in the organization's own filed words · FY2024.
01

Pledge74

PLEDGE74 is the san jose earthquakes' response to food insecurity. The quakes have been community-focused since 1974 and are taking a firm stance against hunger in san jose and the bay area.

$168Kprogram expense
02

Chevron Futsal Court

Quakes foundation and chevron constructed a new futsal court in the central coast community to grow the nearby youth soccer community.

$35Kprogram expense
03

Fund the Future

Fund the future is a campaign focused on fighting food insecurity and improving youth health and fitness in the northern california area.

$513program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CQuakes Foundation
EINHdr · item D68-0668050
Principal addressHdr · item CSan Jose, CA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFApr 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Trustee and Officer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rahul Devaskar’s $90K as Director is at the 81st percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Rahul Devaskar$90,037$74,903

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$508K
Total revenueLn 12$508K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.10 Fundraising $0.08
Program services82%$289K
Management & general10%$36K
Fundraising8%$29K
Total functional expensesLn 25$354K

Balance Sheet

Part X · end of year
CashLn 1$337K
Total assetsLn 16$371K
Total liabilitiesLn 26$139K
Total net assetsLn 32$232K
Months of cash on handcomputed11.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $337K · Operating expenses (Pt IX) $354K · Less non-cash grants $5K · Cash operating expenses/yr $349K
11.6 months
Where the money goes
Program services
Program services $289K · Total expenses $354K
82%
Management & General
Management & general $36K · Total expenses $354K
10%
Fundraising
Fundraising $29K · Total expenses $354K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $440K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $508K · Total revenue $508K
100%
Government reliance
Government grants — · Total revenue $508K
Earned-income share
Program service revenue $0 · Total revenue $508K
0%
Investment reliance
Investment income $0 · Total revenue $508K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $354K
0%
Growth & trend
Revenue growth (YoY)
This year $508K · Prior year $446K
+14%
Revenue CAGR
FY2020 $236K · FY2024 $508K
+21%
Net-asset trend (YoY)
End of year $232K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $508K · Expenses $354K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $371K
Net-asset ratio
Net assets $232K · Total assets $371K
63%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $371K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jared Shawlee · Reported title TRUSTEE AND OFFICER · Highest reported compensation $0 · Total expenses $354K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $354K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 10%
Fundraising cost ratio 6%
Revenue growth 14%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 25 grants · $491K · 2020–2024
Pg&e 5000 Meals GrantFY2024$110,050
50k MealsFY2024$50,500
Chevron Fustal CourtFY2024$35,000
Working Partnerships USACA · FY2024$10,000
Pledge 74FY2023$57,000
Fund-The-FutureFY2023$15,000
Abby Meeske Foundation DBA Abby's AssistFY2023$8,060
Pledge 74FY2022$12,018
MiscellaneousFY2022$11,232
MiscellaneousFY2021$30,138
Hunger at HomeCA · FY2021$12,500
Every Save Makes a DifferenceFY2021$10,650
Ufw FoundationCA · FY2021$10,404
Afterschool ProgramFY2021$10,000
Pledge 74FY2021$8,124
Cares ProgramFY2021$8,000
MiscellaneousFY2020$39,325
Alum Rock Union School DistrictFY2020$21,020
See all 25 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$508K revenue · viewing · ⤓ 990 PDF
FY2023$446K revenue · ⤓ 990 PDF
FY2022$367K revenue · ⤓ 990 PDF
FY2021$348K revenue · ⤓ 990 PDF
FY2020$236K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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