Sequoia Climate Foundation
Nonprofit profile at a glance
- EIN
- 854095972
- IRS 990-PF coverage
- 2021–2023
- Forms available
- Form 990-PF 2023
- Location
- Irvine, CA, USA
- Phone
- 9493281725
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Private Grantmaking Foundations
Reported finances
- Revenue
- $367,685,730
- Expenses
- $332,324,266
Source: IRS Form 990-PF. Selected filing: tax year 2023. Amounts in USD.
Overview
Mission
Private Grantmaking Foundations
What it reported funding in 2023
The foundation reported 187 grants totaling $305,365,925. The stated grant purposes included to further climate mitigation with efforts to increase public support and build capacity, to support decarbonization to foster public health, and to support public health through development of clean power solutions, plus 147 other reported purposes.
Operating model
- Revenue model
- Donor-supported. 97% of the foundation's positive operating resources came from contributions.
- Distribution model
- Grant intermediary. The foundation distributed 92% of its reported charitable disbursements as grants.
The verdict
STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.
Rating breakdown
- Grant Deployment: 100
- Cost Efficiency: 92
- Transparency: 100
- Compliance: 92
- Endowment Health: 0
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 100%; rating input score 100; 98th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 91.9%; rating input score 92; 78th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 16 of 19 controls in place; rating input score 84
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Fail
- Compensation paid to a disqualified person: Fail
- Assets transferred to a disqualified person: Pass
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Pass
- Prior-year undistributed income: Pass
- Excess business holdings: Pass
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Grants to individuals: Pass
- Grants to organizations: Fail
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 10; rating input score 100
Endowment Health
- Endowment-health comparison: 0.37; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: At least 100% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 0th percentile for endowment coverage
- Consistency: 10 of 10 current checks pass
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2021 to 2023
- Contacts: How to reach this organization
- Money network: 204 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Endowment Health: Endowment-health comparison scored 0/100.
- Review — Compliance: Part VII-B activity disclosures: 3 of 19 not reported.