SNAP FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- SNAP FOUNDATION (EIN 61-1817014)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-09
- IRS object ID
- 202143139349101414
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Compensation Explanation
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-09T09:18:16-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION SOURCE | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE HOLLOW LN STE 212 | AddressLine1Txt |
| City | LAKE SUCCESS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 611817014 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Snap Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % SNAP FOUNDATION | InCareOfNm |
| Business Name Control | SNAP | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 31st Street | AddressLine1Txt |
| City | Santa Monica | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90405 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KELLY LAW | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2021-10-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KELLY | PersonFirstNm |
| Person Last | LAW | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $293,549,911 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $142,169 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $142,169 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $37,780 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $37,780 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $105,692,072 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $206,327,846 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $131,327,846 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $105,872,021 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $131,507,795 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $187,858 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $187,858 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $28,473 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $28,473 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,103 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,103 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $10,009 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $10,009 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $225,050 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $225,050 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $3,337 | TaxesRevAndExpnssAmt |
| Occupancy Rev And Expnss | $51,988 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $51,988 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $5,369 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $5,369 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $495 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $495 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $91,752 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,015 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $89,737 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $607,434 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,015 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $602,082 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,821,181 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,821,181 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,428,615 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,015 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $5,423,263 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $100,443,406 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $131,505,780 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $33,633,969 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $159,630,149 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $159,630,149 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $40,453,794 | CorporateStockBOYAmt |
| Corporate Stock EOY | $14,818,020 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $133,803,112 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $33,650 | OtherAssetsBOYAmt |
| Other Assets EOY | $116,650 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $116,650 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $74,121,413 | TotalAssetsBOYAmt |
| Total Assets EOY | $174,564,819 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $293,549,911 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $74,121,413 | RetainedEarningBOYAmt |
| Retained Earning EOY | $174,564,819 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $74,121,413 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $174,564,819 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $74,121,413 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $174,564,819 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $74,121,413 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $100,443,406 | ExcessRevenueOverExpensesAmt |
| Subtotal | $174,564,819 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $174,564,819 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $206,327,846 | GrossSalesPriceAmt |
| Cost Or Other Basis | $75,000,000 | CostOrOtherBasisAmt |
| Gain Or Loss | $131,327,846 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $131,327,846 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $131,327,846 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,827,930 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,827,930 | SubtotalAmt |
| Tax Based On Investment Income | $1,827,930 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $3,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $1,830,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $1,833,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $5,070 | OverpaymentAmt |
| Applied To ES Tax | $5,070 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.SNAPFOUNDATION.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SNAP FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 31ST STREET | AddressLine1Txt |
| City | Santa Monica | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90405 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Sarah Ali | ||||||||
| 3000 31st Street | Santa Monica | CA | 90405 | Dir, Pres | 10.0 | $0 | $0 | $0 |
| Kelly Kagan Law | ||||||||
| 3000 31st Street | Santa Monica | CA | 90405 | Dir, Sec | 1.0 | $0 | $0 | $0 |
| Betsy Kenny Lack | ||||||||
| 3000 31st Street | Santa Monica | CA | 90405 | Dir, Treas | 1.0 | $0 | $0 | $0 |
| Atul Porwal | ||||||||
| 3000 31st Street | Santa Monica | CA | 90405 | Assistant Sec | 1.0 | $0 | $0 | $0 |
| Mary Ritti | ||||||||
| 3000 31st Street | Santa Monica | CA | 90405 | Dir, VP | 1.0 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHAWN KRAVICH | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 31ST STREET | AddressLine1Txt |
| City | SANTA MONICA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90405 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Executive Director | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 50.0 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $187,858 | CompensationAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive 3rd Fl | AddressLine1Txt |
| City | Fairfield | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06824 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Administrative | ServiceTypeTxt |
| Compensation | $67,150 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | MISSION ASSET FUND - TO PROVIDE SMALL NO INTEREST LOANS TO YOUNG PEOPLE WHO WORK IN CREATIVE ECONOMY & ARE NEGATIVELY IMPACTED BY COVID PANDEMIC. (SEE GENERAL EXPLANATION) | Description1Txt |
| Expenses1 | $83,000 | Expenses1Amt |
| Total | $83,000 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $138,377,492 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $43,546,613 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $181,924,105 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $181,924,105 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,728,862 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $179,195,243 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $8,959,762 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $8,959,762 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,827,930 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,827,930 | TotalTaxAmt |
| Distributable Before Adj | $7,131,832 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $7,131,832 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $7,131,832 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $5,423,263 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $83,000 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $5,506,263 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $5,506,263 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $7,131,832 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $5,412,063 | UndistributedIncomePYAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Qualifying Distributions | $5,506,263 | QualifyingDistributionsAmt |
| Applied To Year1 | $5,412,063 | AppliedToYear1Amt |
| Applied To Current Year | $94,200 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $7,037,632 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (23 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| CALIFORNIA COMMUNITY FOUNDATION | |||||||
| 221 S FIGUEROA ST STE 400 | LOS ANGELES | CA | 90012 | N/A | PC | LA n Sync collaborative fund | $100,000 |
| CALIFORNIA COMMUNITY FOUNDATION | |||||||
| 221 S FIGUEROA ST STE 400 | LOS ANGELES | CA | 90012 | N/A | PC | LAUSD's LA Students Most in Need Fund | $40,000 |
| CALIFORNIA COMMUNITY FOUNDATION | |||||||
| 221 S FIGUEROA ST STE 400 | LOS ANGELES | CA | 90012 | N/A | PC | COVID-19 LA County Response Fund | $90,000 |
| CALIFORNIA COMMUNITY FOUNDATION | |||||||
| 221 S FIGUEROA ST STE 400 | LOS ANGELES | CA | 90012 | N/A | PC | SNAP FOUNDATION'S DONOR ADVISED FUND | $75,000 |
| CALIFORNIA COMMUNITY FOUNDATION | |||||||
| 221 S FIGUEROA ST STE 400 | LOS ANGELES | CA | 90012 | N/A | PC | LA Arts Relief and Recovery Fund | $250,000 |
| CALIFORNIA COMMUNITY FOUNDATION | |||||||
| 221 S FIGUEROA ST STE 400 | LOS ANGELES | CA | 90012 | N/A | PC | LA JUSTICE FUND | $150,000 |
| CALIFORNIA COMMUNITY FOUNDATION | |||||||
| 221 S FIGUEROA ST STE 400 | LOS ANGELES | CA | 90012 | N/A | PC | LACOE's Greater LA Education Foundation COVID-19 Fund | $40,000 |
| CALIFORNIA COMMUNITY FOUNDATION | |||||||
| 221 S FIGUEROA ST STE 400 | LOS ANGELES | CA | 90012 | N/A | PC | SNAP FOUNDATION'S DONOR ADVISED FUND | $1,350,000 |
| CALIFORNIA COMMUNITY FOUNDATION | |||||||
| 221 S FIGUEROA ST STE 400 | LOS ANGELES | CA | 90012 | N/A | PC | Nonprofit Sustainability Initiative | $150,000 |
| DESTINATION CRENSHAW | |||||||
| 777 S FIGUEROA ST STE 4050 | LOS ANGELES | CA | 90017 | N/A | PC | General & Unrestricted | $200,000 |
| FAITHWORKS COMPTON | |||||||
| 357 E PALMER ST | COMPTON | CA | 90221 | N/A | PC | Algorithm & Flow program | $75,000 |
| GET LIT WORDS IGNITE INC | |||||||
| 672 S LA FAYETTE PARK PL STE 10 | LOS ANGELES | CA | 90057 | N/A | PC | General & Unrestricted | $75,000 |
| GREAT PUBLIC SCHOOLS NOW | |||||||
| 1150 S OLIVE ST STE 1325 | LOS ANGELES | CA | 90015 | N/A | PC | General & Unrestricted | $45,000 |
| LOS ANGELES COUNTY DEPARTMENT OF ARTS AND CULTURE | |||||||
| 1055 WILSHIRE BLVD STE 800 | LOS ANGELES | CA | 90042 | N/A | GOV | Program focusing on how racial equity and antiracism can play a more direct role in its Advancement and District Strategic Planning processes related to arts and education | $50,000 |
| LOST ANGELS CHILDRENS PROJECT INC | |||||||
| 45059 TREVOR AVE | LANCASTER | CA | 93534 | N/A | PC | Good Life Manufacturing program | $25,000 |
| MAYORS FUND FOR LOS ANGELES | |||||||
| 200 N SPRING ST RM 305B | LOS ANGELES | CA | 90012 | N/A | PC | LA Emergency COVID-19 Crisis Fund | $50,000 |
| MAYORS FUND FOR LOS ANGELES | |||||||
| 200 N SPRING ST RM 305B | LOS ANGELES | CA | 90012 | N/A | PC | COVID-19 Response Fund | $50,000 |
| MISSION ASSET FUND | |||||||
| 3269 MISSION ST | SAN FRANCISCO | CA | 94110 | N/A | PC | General & Unrestricted | $1,471,181 |
| SELF-HELP GRAPHICS AND ARTS INC | |||||||
| 1300 E 1ST ST | LOS ANGELES | CA | 90033 | N/A | PC | Latinx Arts Alliance PROGRAM | $250,000 |
| SOCIAL AND ENVIRONMENTAL ENTREPRENEURS | |||||||
| 23564 CALABASAS RD STE 201 | CALABASAS | CA | 91302 | N/A | PC | Boyle Heights Beat - Voices Project | $60,000 |
| SOCIAL JUSTICE LEARNING INSTITUTE INC | |||||||
| 600 CENTINELA AVE | INGLEWOOD | CA | 90302 | N/A | PC | Youth Justice Fellowship PROGRAM | $100,000 |
| SOUTHERN CALIFORNIA GRANTMAKERS | |||||||
| 1000 N ALAMEDA ST 230 | LOS ANGELES | CA | 90012 | N/A | PC | FBO Black Equity Collective initiative | $50,000 |
| THE ALLIANCE FOR MEDIA ARTS CULTURE INC | |||||||
| 1919 S SYRINGA RD | SPOKANE | WA | 99203 | N/A | PC | General & Unrestricted | $75,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,821,181 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $142,169 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $37,780 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $105,692,072 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $105,872,021 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $105,872,021 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Audit Fees | CategoryTxt |
| Amt | $10,009 | Amt |
| Disbursements Charitable Prps | $10,009 | DisbursementsCharitablePrpsAmt |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Sarah Ali | PersonNm |
| Short Explanation | *SARAH ALI, DIRECTOR/PRESIDENT OF SNAP FOUNDATION, IS A CO-OWNER OF JCSA INC., A DISQUALIFIED PERSON WHICH PROVIDES CONSULTING SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2020, THE FOUNDATION PAID $36,250 FOR SERVICES RENDERED AS REPORTED IN FORM 990-PF, PART I, LINE 16C. SUCH FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS. | ShortExplanationTxt |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part IX-B | IdentifierTxt |
| Form And Line Reference | Part IX-B, LINE 1 | FormAndLineReferenceDesc |
| Medium Explanation | The PRI original amount was $1,250,000, but Snap Foundation and Mission Asset Fund determined that only $83,000 of this amount would be loaned out as no interest loans, and the remaining $1,167,000 would be treated as a general and unrestricted grant to Mission Asset Fund. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | SNAP INC. | StockNm |
| EOY Book Value | $14,818,020 | EOYBookValueAmt |
| EOYFMV | $133,803,112 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $3,103 | LegalFeesAmt |
| Disbursements Charitable Prps | $3,103 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MISSION ASSET FUND PRI | $83,000 | $83,000 |
| DOMAIN NAME - SNAP | $28,250 | $28,250 |
| OFFICE SECURITY DEPOSIT | $5,400 | $5,400 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $67,150 | $67,150 | |
| Bank Charges | $2,015 | $2,015 | |
| Foundation Dues & Memberships | $11,000 | $11,000 | |
| Indemnification Insurance | $2,091 | $2,091 | |
| DIGITAL SUBSCRIPTIONS | $411 | $411 | |
| Office Supplies | $1,357 | $1,357 | |
| Payroll Processing Fees | $7,411 | $7,411 | |
| Postage/Delivery Service | $307 | $307 | |
| State or Local Filing Fees | $10 | $10 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Philanthropic Consulting Srvcs | $83,250 | $83,250 |
| PROJECT MANAGEMENT | $140,800 | $140,800 |
| VIDEO/PHOTO SERVICES | $1,000 | $1,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| 990-PF Estimated Tax for 2020 | $3,000 |
| 990-PF Excise Tax for 2019 | $337 |