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The Sobrato Foundation FY2020 filing

Tax-deductible

Mountain View, CA501(c)(3)Since 2004Foundations & Grantmakers EIN 80-0091312Revenue $133.9M in FY2020

On file with the IRS444 Castro St Ste 140, 94041-2073 · Mountain View, CATax-exempt since Dec 2004Supporting organization — 509(a)(3)

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The Sobrato Foundation supports nonprofits and social impact organizations serving at-risk and vulnerable members of our community. The Foundation also makes investments to support philanthropic activities recommended by individual Sobrato family members.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $16.6M a year · 51% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $52.2M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $52.2M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.7M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$133.9M
Spent
$8.7M
To programs
98%
Net assets
$162.2M
By yearFY2020–FY2024
Revenue
$133.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$133.9M
FY2021$3.7M
FY2022$11.7M
FY2023$2.8M
FY2024$12.6M
Expenses
$8.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.7M
FY2021$21.2M
FY2022$21.4M
FY2023$18.2M
FY2024$11.8M
Net assets
$162.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$162.2M
FY2021$151.6M
FY2022$136.9M
FY2023$121.9M
FY2024$122.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $8.6M Management & general 2% · $162K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Nicole Taylor
Treasurer
$0Pt VII · Sec A
Greg Gallo
Director
$0Pt VII · Sec A
Lisa Sobrato Sonsini
Secretary Left Oct 2020
$0Pt VII · Sec A
Sandy Herz
Secretary
$0Pt VII · Sec A
See The Sobrato Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds nonprofits and social impact groups helping vulnerable community members.

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Provided by the organization

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1 program · $8.6M · in their own filed words · FY2020
01

General Nonprofit Support

Support for local philanthropic and community based organizations.

$8.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
The Real Estate Trust of Silicon Valley Community FoundationFY2022$8.0M
Total grants receivedfrom 1 funder$8.0M
Grants paid · 33 grants · $42.1M · 2020–2024
Silicon Valley Community FoundationCA · FY2024$4,100,000
Rockefeller Family Fund INCNY · FY2023$1,500,000
Windward FundDC · FY2023$1,125,000
Rainforest Action NetworkCA · FY2023$1,000,000
Oceana INCDC · FY2023$500,000
Nia Tero FoundationWA · FY2023$500,000
Rockefeller Philanthropy Advisors INCNY · FY2023$500,000
Texas Campaign for the Environment FundTX · FY2023$350,000
Environmental Defense Fund IncorporatedNY · FY2023$350,000
Ceres INCMA · FY2023$350,000
Center for Planning Excellence INCLA · FY2023$300,000
EarthworksDC · FY2023$175,000
The Partnership Project INCDC · FY2023$175,000
Silicon Valley Community FoundationCA · FY2023$75,000
Silicon Valley Community FoundationCA · FY2022$3,075,000
Windward FundDC · FY2022$3,000,000
Climateworks FoundationCA · FY2022$1,800,000
Rights and Resources Institute INCDC · FY2022$850,000
See all 33 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$133.9M
Ln 12
Gifts and grantsLn 1h$133.3M
Fees for servicesLn 2g$330K
Investment incomeLn 3$202K
Money outPt IX
$8.7M
Ln 25
Programscol B$8.6M
Managementcol C$162K
Owns and owesPt X
$162.2M
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$167.0M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$133.3M
Noncash giftsLn 1g$80.5M
Fees for servicesLn 2g$330K
Investment incomeLn 3$202K
Gains on assetsLn 7$128K
Total revenueLn 12$133.9M
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
InvestmentsLn 11–13$52.2M
Land, buildings, equipmentLn 10c$114.7M
Other assetsLn 15$0
Total assetsLn 16$167.0M
LiabilitiesLn 26$4.7M
Net assetsLn 32$162.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$481K$67K
InvestmentsLn 11–13$8.3M$52.2M
Land, buildings, equipmentLn 10c$32.4M$114.7M
Total assetsLn 16$41.2M$167.0M
LiabilitiesLn 26$2.2M$4.7M
Net assetsLn 32$39.0M$162.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.2M$4.2M
Management feesLn 11a$108K$54K$54K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f−$623−$623
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$8K$8K
OccupancyLn 16$2.5M$2.5M
Depreciation, depletion and amortizationLn 22$1.8M$1.8M
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$75K$75K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$8.7M$8.6M$162K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $12.6M$11.8M$810K$122.7M 990 PDF
FY2023 $2.8M$18.2M−$15.4M$121.9M 990 PDF
FY2022 $11.7M$21.4M−$9.8M$136.9M 990 PDF
FY2021 $3.7M$21.2M−$17.5M$151.6M 990 PDF
FY2020 Viewing $133.9M$8.7M$125.1M$162.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $133,868,377 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,000,000$133,337,216
I-9 Program service revenuePrior year $1,186,672$329,502
I-10 Investment incomePrior year $145,180$201,659
I-11 Other revenue$0
I-12 Total revenuePrior year $6,331,852$133,868,377
I-13 Grants and similar amounts paidPrior year $347,786$4,200,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,867,241$4,548,887
I-18 Total expensesPrior year $3,215,027$8,748,887
I-19 Revenue less expensesPrior year $3,116,825$125,119,490
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $133,868,377 across 8 lines filed
VIII-1d Related organizations$48,837,216
VIII-1f All other contributions, gifts and grants$84,500,000
VIII-1g Noncash contributions (included above)$80,500,000
VIII-1h Total contributions, gifts and grants$133,337,216
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $329,502$329,502
VIII-3 Investment incomeExcluded from tax $73,242$73,242
VIII-7 Net gain or loss on sales of assetsExcluded from tax $128,417$128,417
VIII-12 Total revenueRelated to mission $329,502 · Unrelated business $0 · Excluded from tax $201,659$133,868,377
Part IX · Statement of functional expenses $8,748,887 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $4,200,000$4,200,000
IX-11a Management feesPrograms $53,873 · Management $53,873$107,746
IX-11b Legal feesManagement $7,073$7,073
IX-11c Accounting feesManagement $3,582$3,582
IX-11f Investment management feesManagement −$623−$623
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionManagement $8,396$8,396
IX-16 OccupancyPrograms $2,487,811$2,487,811
IX-22 Depreciation, depletion and amortizationPrograms $1,844,794$1,844,794
IX-23 InsuranceManagement $14,680$14,680
IX-24 Other expenses (24a–d)Management $75,428$75,428
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $8,586,478 · Management $162,409 · Fundraising $0$8,748,887
Part X · Balance sheet $166,973,923 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $480,710$66,829
X-4 Accounts receivableStart of year $0$6,238
X-9 Prepaid expenses and deferred charges$61,903
X-10c Land, buildings and equipment, netStart of year $32,400,093$114,678,243
X-12 Other securitiesStart of year $8,314,321$52,160,710
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $41,195,124$166,973,923
X-17 Accounts payable and accrued expensesStart of year $2,065,390$4,467,707
X-25 Other liabilitiesStart of year $174,880$263,621
X-26 Total liabilitiesStart of year $2,240,270$4,731,328
X-27 Net assets without donor restrictionsStart of year $38,954,854$162,242,595
X-32 Total net assets or fund balancesStart of year $38,954,854$162,242,595
X-33 Total liabilities and net assetsStart of year $41,195,124$166,973,923
Part XI · Reconciliation of net assets $162,242,595 net assets at year end
XI-1 Total revenue$133,868,377
XI-2 Total expenses$8,748,887
XI-3 Revenue less expenses$125,119,490
XI-4 Net assets at start of year$38,954,854
XI-5 Net unrealized gains (losses) on investments$83,994
XI-9 Other changes in net assets−$1,915,743
XI-10 Net assets at end of year$162,242,595

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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