Socrates Foundation
- Assets
- $1.0m
- Revenue
- $143.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- Wheatland, WY
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 22-2620092
Organization Overview
Socrates Foundation is located in Wheatland, WY. The organization was established in 1985. 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. Socrates 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, Socrates Foundation generated $143.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $117.7k during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 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 2015, Socrates Foundation has awarded 32 individual grants totaling $498,000. 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 |
|---|---|---|---|
Brian Whitney Director | 5 | $2,000 | |
Lynn Allen Director | 5 | $2,000 | |
Fay Whitney Director | 5 | $2,000 | |
Paula Skrotzki Director | 5 | $2,000 | |
Ralph R Whitney Jr Director | 5 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,686 |
| Capital Gain Net Income | $117,686 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,106 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,670 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $462 |
| Total operating and administrative expenses | $21,682 |
| Contributions, gifts, grants paid | $96,000 |
| Total expenses and disbursements | $117,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $1,014,861 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,022,374 |
| Accounts payable and accrued expenses | $2,259 |
| 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 | $2,259 |
Grants Awarded
Over the last fiscal year, Socrates Foundation has awarded $96,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
YWCA SWEETWATER COUNTY PURPOSE: PROGRAM/PROJECT SUPPORT | $36,000 |
Norfolk, NE PURPOSE: PROGRAM/PROJECT SUPPORT | $25,000 |
BOULDER VOICES FOR CHILDREN PURPOSE: PROGRAM/PROJECT SUPPORT | $15,000 |
Lead, SD PURPOSE: PROGRAM/PROJECT SUPPORT | $12,000 |
Gunnison, CO PURPOSE: PROGRAM/PROJECT SUPPORT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
Temple Hoyne Buell Foundation Denver, CO | $377,422,437 | $27,172,510 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |