Peggy And Steve Fossett Foundation
- Assets
- $21.1m
- Revenue
- $1.2m
- Investments
- $15.9m
- Employees
- 0
- Location
- Homer Glen, IL
- Founding
- 01/2007
- Data as of
- 12/2023
- 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 12/2023, Peggy And Steve Fossett Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peggy And Steve Fossett Foundation has awarded 160 individual grants totaling $5,052,230. 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 | $151,938 | |
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 | $159,979 |
| Dividends & Interest | $452,832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $629,937 |
| Capital Gain Net Income | $629,937 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,242,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $151,938 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,344 |
| Depreciation | $0 |
| Occupancy | $18,769 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $144,921 |
| Total operating and administrative expenses | $335,722 |
| Contributions, gifts, grants paid | $1,261,180 |
| Total expenses and disbursements | $1,596,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,287,235 |
| 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 | $1,061 |
| Total assets | $21,144,159 |
| 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 $1,261,180 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ADLER PLANETARIUM PURPOSE: FAR HORIZONS PROGRAM | $100,000 |
AMERICAN FRIENDS OF SHALVA PURPOSE: GENERAL PURPOSE | $40,000 |
AERO CLUB OF NORTHERN CALIFORNIA PURPOSE: YOUTH PROGRAMS AND COUNSELORS | $2,500 |
BRENTWOOD HIGH SCHOOL ALUMNI ASSOCIATION PURPOSE: COLLEGE SCHOLARSHIPS | $25,000 |
BROTHER RICE HIGH SCHOOL PURPOSE: GENERAL PURPOSE | $12,100 |
CASA LAKE COUNTY PURPOSE: GENERAL PURPOSEGENERAL OPERATIONS | $25,000 |