Sam Foundation
- Assets
- $646.0
- Revenue
- $262.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 36-4035544
Organization Overview
Sam Foundation is located in Grand Rapids, MI. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public 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. Sam 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, Sam Foundation generated $262.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $830.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sam Foundation has awarded 65 individual grants totaling $1,081,480. 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 |
|---|---|---|---|
Margaret D Dimatteo President/director | 0.5 | $0 | |
Steven M Swanson II Treasurer/secretary/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,775 |
| Interest on Savings | $1,076 |
| Dividends & Interest | $6,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $247,916 |
| Capital Gain Net Income | $247,916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $262,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $461 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $392 |
| Total operating and administrative expenses | $7,628 |
| Contributions, gifts, grants paid | $822,830 |
| Total expenses and disbursements | $830,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $646 |
| 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, Sam Foundation has awarded $822,830 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE PINK FOUNDATION PURPOSE: GENERAL PURPOSE | $1,000 |
THE PAT GREEN FOUNDATION PURPOSE: GENERAL PURPOSE | $6,250 |
FIDELITY CHARITABLE PURPOSE: DONOR ADVISED FUND | $815,580 |