Ss Foundation
- Assets
- $4.6m
- Revenue
- $405.7k
- Investments
- $3.4m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 10/2008
- Data as of
- 09/2023
- EIN
- 26-3022597
Organization Overview
Ss Foundation is located in Lubbock, TX. The organization was established in 2008. 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. Ss 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 09/2023, Ss Foundation generated $405.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $379.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ss Foundation has awarded 50 individual grants totaling $1,111,369. 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 |
|---|---|---|---|
Samuel R Scheef President | 0 | $0 | |
Carroll Leon Vice President | 0 | $0 | |
David Scheef Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,438 |
| Dividends & Interest | $85,423 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $239,906 |
| Capital Gain Net Income | $239,906 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,921 |
| Total Revenue | $405,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,022 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,486 |
| Total operating and administrative expenses | $48,918 |
| Contributions, gifts, grants paid | $330,109 |
| Total expenses and disbursements | $379,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,234 |
| Savings and temporary cash investments | $35,496 |
| 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 | $1,128,111 |
| Total assets | $4,620,245 |
| 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, Ss Foundation has awarded $330,109 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LUBBOCK SYMPHONY ORCHESTRA PURPOSE: GENERAL | $40,000 |
BURKHART CENTER FOR AUTISM PURPOSE: GENERAL | $20,000 |
HIGH POINT VILLAGE PURPOSE: GENERAL | $9,509 |
LUBBOCK CHAMBER ORCHESTRA PURPOSE: GENERAL | $2,500 |
HIGH POINT VILLAGE PURPOSE: GENERAL | $10,000 |
TEXAS TECH SCHOOL OF MUSIC PURPOSE: GENERAL | $10,000 |