Soonae Foundation
- Assets
- $2.3m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Burnet, TX
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 26-1571372
Organization Overview
Soonae Foundation is located in Burnet, TX. The organization was established in 2008. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soonae 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, Soonae Foundation generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 6 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 2014, Soonae Foundation has awarded 116 individual grants totaling $13,744,570. 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
SUPPORT OF MISSIONARY WORK THROUGHOUT THE WORLD
SUPPORT - CARE ITEMS, CHILDRENS AID, FAMILY AID
GRANT TO MISSION DE L'EGLISE - HAITIAN RELIEF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Neusch President | 0 | $0 | |
Agnes Neusch Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,665,800 |
| Interest on Savings | $651 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,666,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $151,160 |
| Pension plans, employee benefits | $4,150 |
| Interest | $0 |
| Taxes | $28 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,311 |
| Printing and publications | $0 |
| Other expenses | $279,074 |
| Total operating and administrative expenses | $443,859 |
| Contributions, gifts, grants paid | $3,532,580 |
| Total expenses and disbursements | $3,976,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,313,859 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $100 |
| 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 | $406 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,750 |
| Total assets | $2,322,115 |
| Accounts payable and accrued expenses | $5,632 |
| 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 | $1,135 |
| Total liabilities | $6,767 |
Grants Awarded
Over the last fiscal year, Soonae Foundation has awarded $3,532,580 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
RUN MINISTRY PURPOSE: SUPPORT | $2,000,000 |
CRU PURPOSE: SUPPORT OF ORGANIZATIONAL MISSION | $776,084 |
SEE ATTACHMENT PURPOSE: SUPPORT FOR MISSION | $257,000 |
Rogers, AR PURPOSE: SUPPORT OF ORGANIZATIONAL MISSION | $235,000 |
HILL COUNTRY FELLOWSHIP PURPOSE: SUPPORT OF ORGANIZATIONAL MISSION | $147,396 |
BARNABAS CAPITAL INC PURPOSE: SUPPORT OF ORGANIZATIONAL MISSION | $36,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Soonae Foundation has recieved totaling $4,665,800.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $4,655,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $10,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Citizens Foundation Usa Houston, TX | $7,765,514 | $19,916,524 |
Morgans Wonderland Inclusion Foundation San Antonio, TX | $24,438,940 | $21,840,113 |
Furniture Bank Houston, TX | $4,044,380 | $6,546,446 |
Scanlan Foundation Houston, TX | $209,874,637 | $6,584,694 |
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
White Cake Family Foundation Dallas, TX | $42,767,869 | $3,380,103 |
Charitable Properties Inc Mesquite, TX | $0 | $4,302,892 |
Bp Foundation Inc Houston, TX | $4,050,119 | $6,036,214 |
Soonae Foundation Burnet, TX | $2,322,115 | $4,666,451 |
Evergreen Foundation Haughton, LA | $11,601,707 | $713,824 |
Green Beret Foundation San Antonio, TX | $4,813,026 | $3,422,970 |
The Credit Bureau Of Baton Rouge Foundation Baton Rouge, LA | $26,265,049 | $1,414,019 |