Edward J Sackerson Charitable Foundation
- Assets
- $11.4m
- Revenue
- $126.8k
- Investments
- $10.9m
- Employees
- 0
- Location
- Escanaba, MI
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 38-3351811
Organization Overview
Edward J Sackerson Charitable Foundation is located in Escanaba, MI. The organization was established in 1997. 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. Edward J Sackerson Charitable 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, Edward J Sackerson Charitable Foundation generated $126.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $724.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Edward J Sackerson Charitable Foundation has awarded 383 individual grants totaling $2,539,079. 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 |
|---|---|---|---|
Paul Kangas Trustee | 0.5 | $0 | |
Gary Olsen Trustee | 0.5 | $0 | |
Jenine Maloney Trustee | 0.5 | $0 | |
Christina Kobasic Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,750 |
| Interest on Savings | $53,426 |
| Dividends & Interest | $205,897 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$179,353 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $63 |
| Total Revenue | $126,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,691 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49 |
| Total operating and administrative expenses | $79,091 |
| Contributions, gifts, grants paid | $644,932 |
| Total expenses and disbursements | $724,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $489,320 |
| 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 | $676,946 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,371,617 |
| 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, Edward J Sackerson Charitable Foundation has awarded $644,932 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
BARK RIVER AMERICAN LEGION BASEBALL PURPOSE: SUPPORT OF YOUTH | $1,000 |
BARK RIVER LIONS PURPOSE: SIGHT & BLIND FUND | $3,000 |
BAYS LAKES COUNCIL - BOY SCOUTS OF AMERICA PURPOSE: SUPPORT OF YOUTH | $1,000 |
COMMUNITY FOUNDATION OF THE UPPER PENINSULA PURPOSE: UPPER PENINSULA STATE FAIR | $5,000 |
DELTA ANIMAL SHELTER PURPOSE: COMMUNITY PROJECTS | $8,000 |
DELTA COUNTY 4H PURPOSE: JR LIVESTOCK PROGRAM | $1,000 |