The Sobrato Foundation
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.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$12.6M
Total Expenses
$11.8M
Net Assets
$122.7M
Employees
0
Volunteers
4
Grants Paid
$4.1M
Program Expense Ratio
98.1%
This nonprofit profile presents IRS Form 990 tax filing data for The Sobrato Foundation (EIN: 80-0091312), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
The Sobrato Foundation is a 501(c)(3) nonprofit headquartered in Mountain View, CA, founded in 2004. The organization has held tax-exempt status since 2004. In its 2024 filing, the organization reported $12.6M in total revenue, a 350.7% increase from the prior year, and $11.8M in total expenses. The organization engaged 4 volunteers. Nicole Taylor, Treasurer/CEO of SVCF, is the highest-compensated individual at $1,268,486. The organization runs 1 program, totaling $11.5M in program expenses. 4 of 6 recommended governance policies are in place.
The Sobrato Foundation is classified under NTEE code T190. Its foundation type is 17.
Programs(Tax Year 2024)
1 record
The Sobrato Foundation operates 1 program, with total program expenses of $11.5M. The Sobrato Foundation's largest program accounts for 100% of total program spending.
General Nonprofit Support: Support for philanthropic and community based organizations
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, The Sobrato Foundation's revenue has grown from $6.3M to $12.6M, a 98.7% increase. Program expenses represent 98% of total spending.
Revenue increased 350.7% year-over-year, while expenses declined 35.4%. net assets rose to $122.7M, up 0.7% from the prior year.
The Sobrato Foundation derives 80% from contributions and grants, with 17% from program services, with 4% from investment income.
Revenue is primarily driven by contributions and grants (80%), with program service revenue at 17% and investment income at 4%.
The Sobrato Foundation allocates 98% to programs, 2% to management and general.
Revenue grew by 350.7% while expenses declined by only 35.4%, suggesting improving operational efficiency.
The Sobrato Foundation distributed $4.1M in grants to other organizations and individuals, representing 35% of total expenses.
Over 6 filings from 2019–2024, The Sobrato Foundation grew revenue from $6.3M to $12.6M (+98.7%) while maintaining a program expense ratio of 98%.
The Sobrato Foundation holds $123.1M in total assets against $413K in liabilities (debt-to-asset ratio of 0%). The organization has 125.1 months of operating reserves. Cash and equivalents of $9.5M cover approximately 9.6 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $12.6M | $10.0M | $0 | $2.1M | $494K |
| 2023 | $2.8M | $0 | $0 | $2.1M | $647K |
| 2022 | $11.7M | $8.0M | $0 | $2.1M | $1.6M |
| 2021 | $3.7M | $164K | $0 | $73K | $3.5M |
| 2020 | $133.9M | $133.3M | $0 | $330K | $202K |
| 2019 | $6.3M | $5.0M | $0 | $1.2M | $145K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $11.8M | $11.5M | $224K | $0 | $4.1M |
| 2023 | $18.2M | $18.0M | $180K | $0 | $10.7M |
| 2022 | $21.4M | $21.2M | $213K | $0 | $13.8M |
| 2021 | $21.2M | $21.0M | $213K | $0 | $15.4M |
| 2020 | $8.7M | $8.6M | $162K | $0 | $4.2M |
| 2019 | $3.2M | $3.2M | $60K | $0 | $348K |
Program Expense Ratio
98.1%
Admin Expense Ratio
1.9%
Fundraising Efficiency
—
Operating Reserve
125.1 mo
People & Compensation(Tax Year 2024)
5 records
The Sobrato Foundation reported compensation for 5 officers and key employees. Total officer compensation was $1.3M, representing 10.8% of total expenses. 1 individual received total compensation exceeding $500,000.
The Sobrato Foundation's highest-compensated individual received $1.3M in total compensation. Total officer compensation of $1.3M represents 10.8% of total expenses. 1 individual received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Nicole Taylor | Treasurer/CEO of SVCF | OfficerDirector | 0.50 | $0 | $1,177,663 | $1,268,486 |
| John A Sobrato | President | OfficerDirector | 0.50 | $0 | $0 | $0 |
| D Valentine | Secretary | Officer | 0.50 | $0 | $0 | $0 |
| Caretha Coleman | Director | Director | 0.50 | $0 | $0 | $0 |
| Max Cuellar | Director | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Nicole Taylor
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
The Sobrato Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 3 members, 2 of whom are independent.
The Sobrato Foundation's financial statements are audited, an audit committee oversees the process.
The Sobrato Foundation delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Insider Transactions(Tax Year 2024)
1 record
Unknown person — 35% OWNED ENTITY
Grants Awarded(Tax Year 2024)
1 record
The Sobrato Foundation awarded $4.1M across 1 grant to organizations. Top recipients include SILICON VALLEY COMMUNITY FOUNDATION (MOUNTAIN VIEW, CA) — $4.1M for general nonprofit support.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| SILICON VALLEY COMMUNITY FOUNDATION205205488 | MOUNTAIN VIEW, CA | $4.1M | General Nonprofit Support |
Filing History(Tax Years 2004–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $12.6M | $11.8M | $122.7M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $2.8M | $18.2M | $121.9M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $11.7M | $21.4M | $136.9M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $3.7M | $21.2M | $151.6M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $133.9M | $8.7M | $162.2M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $6.3M | $3.2M | $39.0M |
| 2004–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Sobrato Foundation do?
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.
How much revenue does The Sobrato Foundation have?
The Sobrato Foundation reported $12,581,641 in total revenue for tax year 2024, up 350.7% from the prior year.
Who is the highest-paid executive at The Sobrato Foundation?
Nicole Taylor, Treasurer/CEO of SVCF, received $1,268,486 in total compensation as of tax year 2024.
Is The Sobrato Foundation a 501(c)(3)?
Yes, The Sobrato Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is The Sobrato Foundation located?
The Sobrato Foundation is headquartered in Mountain View, CA 94040.
Is The Sobrato Foundation audited?
Yes, The Sobrato Foundation's financial statements are audited, and the organization has an audit committee.
Does The Sobrato Foundation give grants?
Yes, The Sobrato Foundation distributed $4,100,000 in grants to other organizations and individuals in tax year 2024. Top recipients include SILICON VALLEY COMMUNITY FOUNDATION.
Data Source
Prepared by: Crowe LLP, Plano, TX
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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