Henry J Predolin Foundation Inc
- Assets
- $65.2m
- Revenue
- $2.9m
- Investments
- $64.9m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 06/1998
- Data as of
- 12/2023
- EIN
- 39-1931309
Organization Overview
Henry J Predolin Foundation Inc is located in Madison, WI. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henry J Predolin Foundation Inc 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, Henry J Predolin Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 3.4% 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, Henry J Predolin Foundation Inc has awarded 12 individual grants totaling $11,700,000. 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 |
|---|---|---|---|
Robert Chritton President/director | 0 | $249,500 | |
Anthony Medyn Director | 0 | $50,375 | |
Jack Robson Treasurer/director | 0 | $50,375 | |
David Erickson Vp/director | 0 | $50,375 | |
Brett Bryant Secretary/director | 0 | $50,375 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bmo Harris Bank Na | 12/30/23 | $62,911 |
Schwab Advisor Family Office | 12/30/23 | $116,872 |
Bmo Harris Bank N A | 12/30/23 | $0 |
Schwab Advisor Family Office | 12/30/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $1,248,009 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,627,037 |
| Capital Gain Net Income | $1,627,037 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,897 |
| Total Revenue | $2,905,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $451,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $14,269 |
| Interest | $0 |
| Taxes | $51,433 |
| Depreciation | $0 |
| Occupancy | $24,000 |
| Travel, conferences, and meetings | $12,143 |
| Printing and publications | $37 |
| Other expenses | $157,732 |
| Total operating and administrative expenses | $988,627 |
| Contributions, gifts, grants paid | $2,800,000 |
| Total expenses and disbursements | $3,788,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,777 |
| 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 | $51,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $53,850,022 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $65,202,943 |
| 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, Henry J Predolin Foundation Inc has awarded $2,800,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC PURPOSE: FOR FUNDING MEDICAL RESEARCH AND MEDICAL TREATMENT PROGRAMS | $925,000 |
EDGEWOOD COLLEGE PURPOSE: FOR FUNDING ACADEMIC SCHOLARSHIPS AND EDUCATIONAL FACILITIES AND EQUIPMENT | $925,000 |
UNITED WAY OF DANE COUNTY PURPOSE: FOR FUNDING FOOD AND HOUSING PROGRAMS FOR INDIGENT CHILDREN | $950,000 |