Victor Sumnicht Foundation
- Assets
- $117.2k
- Revenue
- $4.4k
- Investments
- $116.3k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 01/1972
- Data as of
- 12/2021
- EIN
- 23-7108612
Organization Overview
Victor Sumnicht Foundation is located in Milwaukee, WI. The organization was established in 1972. 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. Victor Sumnicht 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, Victor Sumnicht Foundation generated $4.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $10.4k during the year ending 12/2021. While expenses have increased by 13.2% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Sumnicht Trustee | 0.5 | $0 | |
Dan Sumnicht Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,001 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,409 |
| Capital Gain Net Income | $5,369 |
| Net ST Capital Gain | $983 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $405 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $10,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $117,162 |
| 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, Victor Sumnicht Foundation has awarded $10,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: HISTORICAL MUSEUMPURPOSES | $1,000 |
Milwaukee, WI PURPOSE: CHARITABLE FOOD PANTRY | $1,000 |
New London, WI PURPOSE: GENERAL PURPOSES | $1,000 |
MOSQUITO HILL NATURE CENTER PURPOSE: GENERAL EDUCATIONAL PURPOSES | $1,000 |
Elmhurst, IL PURPOSE: RELIGIOUS CHARITABLEPURPOSES | $1,000 |
NAOMI HOUSE PURPOSE: GENERAL CHARITABLEPURPOSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |