Suder Foundation
- Assets
- $5.3m
- Revenue
- $805.9k
- Investments
- $5.0m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-3041654
Organization Overview
Suder Foundation is located in Dallas, TX. The organization was established in 2009. 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. Suder 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, Suder Foundation generated $805.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. 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
THE SUDER FOUNDATION DRAMATICALLY IMPROVES THE GRADUATION RATES OF FIRST-GENERATION COLLEGE STUDENTS AND PREPARES EACH SCHOLAR FOR A LIFE WITH SELF-AWARENESS, SUCCESS, AND SIGNIFICANCE. OUR GOALS ARE TO TRANSFORM LIVES AND IMPACT THE CULTURE OF HIGHER EDUCATION TO ADVANCE FIRST-GENERATION STUDENT SUCCESS. THE FIRST SCHOLARS PROGRAM, A HOLISTIC FOUR-YEAR STUDENT SUCCESS PROGRAM CURRENTLY OPERATING AT A NETWORK OF FOUR-YEAR PUBLIC UNIVERSITY PARTNERS, PROVIDES DIRECT SUPPORT AND SERVICES AS A LIVING LABORATORY TO DEVELOP, IMPLEMENT, AND PROVE THE EFFECTIVENESS OF SUPPORT STRATEGIES FOR FIRST-GENERATION STUDENTS. THE PROGRAM SERVES AS A CATALYST FOR CREATING CAMPUS-WIDE AWARENESS AND SYSTEMIC EFFORTS TO INTENTIONALLY EMBRACE FIRST-GENERATION STUDENTS AS A KEY DEMOGRAPHIC IN RAISING UNIVERSITIES' RETENTION AND GRADUATION RATES. THROUGH CONVENING AND WORKING GROUPS, WE FACILITATE A NETWORK OF COLLABORATORS TO GATHER, SHARE KNOWLEDGE, AND INFLUENCE INSTITUTIONAL CHANGE ON THEIR RESPECTIVE CA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew J Randazzo Vp/director | 1 | $0 | |
Eric Suder Pres./dir. | 3 | $0 | |
Steven P Dandaneau Ph D Vp/director | 1 | $0 | |
Deborah Suder Vp/director | 3 | $0 | |
Julie Diaz Sec/tr/dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $92,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $713,422 |
| Capital Gain Net Income | $713,422 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $805,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $325 |
| Total operating and administrative expenses | $137,046 |
| Contributions, gifts, grants paid | $2,416,237 |
| Total expenses and disbursements | $2,553,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $280,085 |
| 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 | $5,296,369 |
| 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, Suder Foundation has awarded $2,240,666 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NASCP STUDENT AFFAIRS ADMININ HIGHE PURPOSE: CONTINUED FUNDING FOR THE CENTER FOR FIRST-GENERATION COLLEGE STUDENT SUCCESS | $989,903 |
THE DALLAS FOUNDATION PURPOSE: FUNDING FOR THE SUDER FOUNDATION DONOR ADVISED FUND | $942,973 |
Memphis, TN PURPOSE: CREATION OF THE OFFICE OF FIRST GEN STUDENT SUCCESS | $103,298 |
Flagstaff, AZ PURPOSE: FIRST SCHOLARS - SCHOLARSHIPS | $90,486 |
KANSAS STATE UNIVERSITY FOUNDATION PURPOSE: TOWARDS THE OFFICE OF FIRST-GENERATION STUDENT SUCCESS. | $76,506 |
UNIVERSITY OF ARKANSAS PURPOSE: FIRST SCHOLARS - SCHOLARSHIPS | $37,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |