BERKELEY LAB FOUNDATION

EIN: 462907726 501(c)(3) Education

OAKLAND, CA

Total Revenue
$6,960,505
Total Expenses
$7,483,597
Total Assets
$28,419,113
Net Assets
$26,928,049
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
BROOKE JACOB DEMOE
Phone
5104867573
Tax Period
2024-07-01 to 2025-06-30

BERKELEY LAB FOUNDATION, founded in 2013, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $26.9M represent 46 months of operating reserves.

Mission

TO SUPPORT THE SCIENTIFIC AND EDUCATIONAL PURPOSES OF THE REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE "UNIVERSITY"), IN ITS SPECIFIC CAPACITY AS MANAGER AND OPERATOR OF THE LAWRENCE BERKELEY NATIONAL LABORATORY AND TO CARRY ON OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES ALLOWED BY LAW, AS DETERMINED BY THE BOARD OF DIRECTORS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,064,790
Program Service Revenue $0
Investment Income $895,715
Other Revenue $0
TOTAL REVENUE $6,960,505

Expense Breakdown

Grants Paid $6,765,973
Salaries & Benefits $0
Fundraising Expenses $245,836
Program Expenses $6,860,986
Other Expenses $717,624
TOTAL EXPENSES $7,483,597

Year-over-Year Comparison

2024 2023 Change
Revenue $6,960,505 $9,891,985 -0.3%
Expenses $7,483,597 $7,824,825 0.0%
Net Income $-523,092 $2,067,160 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$970,833
Total Directors
6
$1,175,782
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS SCHROEDER SECRETARY 1.00
Officer Director
$0 $0 $0
ELIZABETH PULLING DIRECTOR, TREASURER 1.00
Officer Director
$0 $48,688 $422,842
CRAIG LEASURE DIRECTOR (THRU 2/25) 1.00
Officer Director
$0 $5,634 $210,148
PIERMARIA J ODDONE DIRECTOR, CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL BROWN DIRECTOR 1.00
Director
$0 $0 $0
JUNE YU DIRECTOR 1.00
Director
$0 $112,082 $542,792
ALICIA CHANG TEMPORARY PRESIDENT (THRU 10/24) 1.00
Officer
$0 $70,038 $272,835
JAKE DEMOE PRESIDENT (AS OF 10/24) 1.00
Officer
$0 $16,856 $65,008
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,960,505 $7,483,597 $28,419,113 $-523,092
2024 $9,891,985 $7,824,825 $26,706,707 $2,067,160
2023 $5,151,452 $6,050,321 $23,007,246 $-898,869
2022 $8,617,884 $9,164,510 $23,841,224 $-546,626
2021 $2,059,102 $4,199,893 $26,129,573 $-2,140,791
2020 $10,408,384 $4,646,529 $21,701,296 $5,761,855
2019 $2,212,512 $860,296 $15,920,738 $1,352,216
2018 $4,307,020 $3,585,752 $16,158,595 $721,268
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