Suzanne And Walter Scott Foundation
- Assets
- $624.0m
- Revenue
- $327.9m
- Investments
- $111.7m
- Employees
- 53
- Location
- Omaha, NE
- Founding
- 12/1990
- Data as of
- 12/2023
- EIN
- 36-3727897
Organization Overview
Suzanne And Walter Scott Foundation is located in Omaha, NE. The organization was established in 1990. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Suzanne And Walter Scott Foundation employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suzanne And Walter Scott 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 12/2023, Suzanne And Walter Scott Foundation generated $327.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 62.9% each year . All expenses for the organization totaled $77.3m during the year ending 12/2023. While expenses have increased by 17.9% 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 2019, Suzanne And Walter Scott Foundation has awarded 303 individual grants totaling $113,177,207. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO DISTRIBUTE FUNDS FOR CHARITABLE PURPOSES IN THE AREAS OF CIVIC, CULTURAL, HEALTH, EDUCATION, AND SOCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ORGANIZED AND IS OPERATED GENERALLY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, THE OMAHA COMMUNITY FOUNDATION. THE OMAHA COMMUNITY FOUNDATION'S MISSION IS TO ENHANCE THE QUALITY OF LIFE OF THE CITIZENS OF THE GREATER OMAHA AREA BY IDENTIFYING AND ADDRESSING CURRENT ANTICIPATED NEEDS AND RAISING, MANAGING, AND DISTRIBUTING FUNDS. IN ADDITION, THE FOUNDATION DISTRIBUTES FUNDS TO OTHER CHARITABLE ORGANIZATIONS. CONSISTENT WITH THE OMAHA COMMUNITY FOUNDATION, THE FOUNDATION SUPPORTS THE UNIVERSITY OF NEBRASKA, OMAHA CAMPUS IN VARIOUS PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W David Scott Director (treasurer) | OfficerTrustee | 1 | $0 |
Mickey Anderson Director (chairman) | OfficerTrustee | 1 | $0 |
Randy Schmailzl Director | Trustee | 1 | $0 |
Mike Faust Director | Trustee | 1 | $0 |
Dr William Singer Director | Trustee | 1 | $0 |
Cindy Smith Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcl Construction Construction | 12/30/23 | $1,650,579 |
Pegler Sysco Food Service Food | 12/30/23 | $1,499,685 |
Miller Electric Construction | 12/30/23 | $1,245,045 |
Predictive Technology Inc Construction | 12/30/23 | $794,165 |
Tetrad Corporation Rent | 12/30/23 | $659,438 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,816,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,816,512 |
| Total Program Service Revenue | $1,494,000 |
| Investment income | $7,446,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,462,523 |
| Net Gain/Loss on Asset Sales | $3,545,319 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $327,875,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,117,915 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,079,004 |
| Compensation of current officers, directors, key employees. | $712,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,646,926 |
| Pension plan accruals and contributions | $294,017 |
| Other employee benefits | $838,142 |
| Payroll taxes | $371,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,308 |
| Fees for services: Accounting | $69,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $677,416 |
| Fees for services: Other | $0 |
| Advertising and promotion | $381,424 |
| Office expenses | $995,033 |
| Information technology | $559,917 |
| Royalties | $0 |
| Occupancy | $2,791,245 |
| Travel | $720,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $878,699 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $742,300 |
| Insurance | $356,141 |
| All other expenses | $785,423 |
| Total functional expenses | $77,325,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,274,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $743,563 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,587,054 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,754,729 |
| Investments—publicly traded securities | $411,184,175 |
| Investments—other securities | $111,654,244 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,829,621 |
| Total assets | $624,027,717 |
| Accounts payable and accrued expenses | $4,132,112 |
| Grants payable | $5,323,536 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,151,367 |
| Total liabilities | $14,607,015 |
| Net assets without donor restrictions | $609,420,702 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $624,027,717 |
Grants Awarded
Over the last fiscal year, Suzanne And Walter Scott Foundation has awarded $55,961,221 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
LORI & DAVID SCOTT FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $5,000,080 |
METROPOLITAN COMMUNITY COLLEGE FOUNDATION PURPOSE: OMAHA AWARD, PROGRAM SUPPORT, & SCHOLARSHIPS | $1,335,691 |
MICAH HOUSE PURPOSE: OMAHA AWARD | $40,000 |
MERCY HOUSING MIDWEST PURPOSE: OMAHA AWARD | $25,000 |
NEBRASKA DIAPER BANK PURPOSE: OMAHA AWARD | $30,000 |
NO MORE EMPTY POTS PURPOSE: OMAHA AWARD | $15,000 |