Satter Foundation
- Assets
- $23.5m
- Revenue
- $1.7m
- Investments
- $22.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 13-3936468
Organization Overview
Satter Foundation is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Satter Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Satter Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Satter Foundation has awarded 435 individual grants totaling $21,290,450. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Muneer A Satter Trustee | 1 | $0 | |
Kristen Hertel Trustee | 1 | $0 | |
Satter Management Co Lp Investment Management Service Provider | 1 | $58,103 | |
Satter Investment Management Llc Investment & Administration Provider | 1 | $168,537 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arabella Advisors Llc | 12/30/19 | $64,000 |
Topel Forman Llc | 12/30/19 | $62,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $1,316 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,675,917 |
| Capital Gain Net Income | $1,675,917 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,025 |
| Total Revenue | $1,704,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $52,722 |
| Printing and publications | $0 |
| Other expenses | $388,405 |
| Total operating and administrative expenses | $697,198 |
| Contributions, gifts, grants paid | $3,466,500 |
| Total expenses and disbursements | $4,163,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $758,691 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,739,255 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,494,988 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Satter Foundation has awarded $1,124,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ABOVE & BEYOND FAMILY RECOVERY CENTER PURPOSE: PROVIDING HEALTH & HUMAN SERVICES | $5,000 |
AJC GLOVAL JEWISH ADVOCACY PURPOSE: BUILDING FINANCIAL STABILITY & OPPORTUNITY | $20,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL FUNDING | $5,000 |
AMERICAN IDEA FOUNDATION PURPOSE: PROMOTING HUMAN RIGHTS & DEMOCRACY | $5,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: PROMOTING HUMAN RIGHTS & DEMOCRACY | $10,000 |
AUGUST MISSION PURPOSE: PROVIDING EDUCATIONAL OPPORTUNITIES | $10,000 |