Sje Rhombus Foundation
- Assets
- $1.5m
- Revenue
- $36.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 02/1988
- Data as of
- 12/2022
- EIN
- 36-3556774
Organization Overview
Sje Rhombus Foundation is located in Detroit Lakes, MN. The organization was established in 1988. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sje Rhombus 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, Sje Rhombus Foundation generated $36.1k 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 (31.2%) each year. All expenses for the organization totaled $80.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sje Rhombus Foundation has awarded 24 individual grants totaling $207,809. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larissa Willett President | 1 | $0 | |
David Thomas Vice President | 1 | $0 | |
Taunia Suckert Treasurer | 1 | $0 | |
Lea Anderson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,582 |
| Dividends & Interest | $15,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,980 |
| Capital Gain Net Income | $12,980 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $811 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $10,288 |
| Contributions, gifts, grants paid | $70,500 |
| Total expenses and disbursements | $80,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,479 |
| 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 | $703,699 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,505 |
| Total assets | $1,492,287 |
| 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, Sje Rhombus Foundation has awarded $70,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BECKER COUNTY HISTORICAL SOCIETY PURPOSE: PLEDGE FOR NEW FACILITY. | $10,000 |
THE OH FDN OF IND COLLEGES PURPOSE: SJE FOUNDATION SCHOLARSHIP PROGRAM ADMIN | $9,000 |
BOYS AND GIRLS CLUB OF DETROIT LAKE PURPOSE: BUILDING A GREAT FUTURE CAMPAIGN | $40,000 |
DETROIT LAKES DOLLARS FOR SCHOLARS PURPOSE: DOLLARS FOR SCHOLARS | $500 |
LPA DOLLAR FOR SCHOLARS PURPOSE: DOLLARS FOR SCHOLARS | $500 |
ESSENTIA HEALTH ST MARY'S FOUNDATIO PURPOSE: HELIPAD PROJECT | $10,000 |