Peggy And Steve Fossett Foundation
- Assets
- $21.5m
- Revenue
- $951.8k
- Investments
- $20.3m
- Employees
- 0
- Location
- Homer Glen, IL
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-4521801
Organization Overview
Peggy And Steve Fossett Foundation is located in Homer Glen, IL. The organization was established in 2007. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peggy And Steve Fossett 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 12/2022, Peggy And Steve Fossett Foundation generated $951.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.3% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peggy And Steve Fossett Foundation has awarded 111 individual grants totaling $3,791,050. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Maier President/secretary/treasu | 40 | $127,000 | |
Abraham J Stern Chairman/director | 1 | $0 | |
Steven Blonder Director | 1 | $0 | |
Roxanne Sullivan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $153,243 |
| Dividends & Interest | $268,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $530,201 |
| Capital Gain Net Income | $530,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $951,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $127,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,543 |
| Depreciation | $6,904 |
| Occupancy | $21,002 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $142,593 |
| Total operating and administrative expenses | $330,592 |
| Contributions, gifts, grants paid | $1,242,500 |
| Total expenses and disbursements | $1,573,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,186,012 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $901 |
| Total assets | $21,498,313 |
| 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, Peggy And Steve Fossett Foundation has awarded $1,242,500 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
HATZALAH CHICAGO PURPOSE: GENERAL PURPOSE | $190,000 |
Chicago, IL PURPOSE: GENERAL PURPOSE | $108,000 |
MUSEUM OF FLIGHT PURPOSE: FLIGHT ZONE - YOUTH AREA | $100,000 |
Chicago, IL PURPOSE: FAR HORIZONS PROGRAM | $100,000 |
CHICAGO AREA COUNCIL BSA PURPOSE: GENERAL PURPOSE | $100,000 |
SHRINERS HOSPITALS FOR CHILDREN CHICAGO PURPOSE: GENERAL PURPOSE | $78,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Concrete Institute Farmington Hills, MI | $61,288,545 | $22,570,700 |
Academy Of Managed Care Pharmacy A New Jersey Nonprofit Corporation Alexandria, VA | $27,096,439 | $20,779,074 |
National Society Of Black Engineers Alexandria, VA | $28,465,255 | $16,810,333 |
Engineering Consulting Services Ltd Employee Benefit Plan Chantilly, VA | $4,513,025 | $18,551,401 |
Mitre Engenuity Incorporated Mclean, VA | $0 | $8,318,024 |
Commonwealth Center For Commercialization Inc Frankfort, KY | $0 | $43,428 |
Clark Richardson And Biskup Consulting Engineers Inc Health Pl Kansas City, MO | $3,940,504 | $14,137,638 |
Mid Atlantic Technology Research And Innovation Center Inc South Charleston, WV | $6,385,617 | $13,785,560 |
Indiana Biosciences Research Institute Inc Indianapolis, IN | $179,409,136 | $10,008,922 |
St Louis Science Center Foundation St Louis, MO | $53,330,924 | $19,478,193 |
Virginia Tech Applied Research Corporation Arlington, VA | $4,609,993 | $12,977,041 |
Education Analytics Inc Madison, WI | $8,611,249 | $13,959,863 |