Steve & Delores Sarovich Foundation
- Assets
- $1.6m
- Revenue
- $181.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Lisle, IL
- Founding
- 05/1982
- Data as of
- 12/2022
- EIN
- 36-3172634
Organization Overview
Steve & Delores Sarovich Foundation is located in Lisle, IL. The organization was established in 1982. 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. Steve & Delores Sarovich 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 12/2022, Steve & Delores Sarovich Foundation generated $181.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $125.5k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 4 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 2020, Steve & Delores Sarovich Foundation has awarded 152 individual grants totaling $290,984. 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 |
|---|---|---|---|
Steven R Sarovich President | 5 | $0 | |
Steven R Sarovich Secretary / Treasurer | 5 | $0 | |
Laura L Maran Vice President | 2 | $0 | |
Mark A Sarovich Asst Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $146,594 |
| Capital Gain Net Income | $146,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $263 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,499 |
| Total operating and administrative expenses | $23,762 |
| Contributions, gifts, grants paid | $101,701 |
| Total expenses and disbursements | $125,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $321,420 |
| 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 | $755,820 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,557,000 |
| 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, Steve & Delores Sarovich Foundation has awarded $101,701 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
ALS FOUNDATION PURPOSE: HEALTH AND HUMAN SERVICES | $1,000 |
BRAIN CANCER FOUNDATION PURPOSE: HEALTH AND HUMAN SERVICES | $115 |
CAREER COUNSELING CENTER PURPOSE: EDUCATION | $1,250 |
CARLIN NALLEY FOUNDATION PURPOSE: SCHOLARSHIP PROGRAM | $1,000 |
CHICAGO POLICE MEMORIAL FOUNDATION PURPOSE: SUPPORT OF FAMILIES OF FALLEN FIRST RESPONDERS | $250 |
CHILDRENS HOME OF STOCKTON PURPOSE: EDUCATION AND HEALTH | $100 |