Henry J Predolin Foundation Inc
- Assets
- $69.1m
- Revenue
- $691.6k
- Investments
- $68.0m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 06/1998
- Data as of
- 12/2020
- 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 12/2020, Henry J Predolin Foundation Inc generated $691.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Chritton President/treasurer | 0 | $208,500 | |
Anthony Medyn Vp/secretary | 0 | $43,800 | |
Jack Robson Director | 0 | $43,800 | |
David Erickson Director | 0 | $43,800 | |
Brett Bryant Director | 0 | $43,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $1,228,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$623,407 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $86,591 |
| Total Revenue | $691,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $382,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,240 |
| Interest | $0 |
| Taxes | $42,662 |
| Depreciation | $0 |
| Occupancy | $24,000 |
| Travel, conferences, and meetings | $1,545 |
| Printing and publications | $0 |
| Other expenses | $80,012 |
| Total operating and administrative expenses | $784,757 |
| Contributions, gifts, grants paid | $2,500,000 |
| Total expenses and disbursements | $3,284,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,164 |
| 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 | $59,003,627 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $69,057,848 |
| 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 $2,900,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, MN PURPOSE: FOR FUNDING MEDICAL RESEARCH AND MEDICAL TREATMENT PROGRAMS | $1,025,000 |
Madison, WI PURPOSE: FOR FUNDING FOOD AND HOUSING PROGRAMS FOR INDIGENT CHILDREN | $950,000 |
Madison, WI PURPOSE: FOR FUNDING ACADEMIC SCHOLARSHIPS AND EDUCATIONAL FACILITIES AND EQUIPMENT | $925,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |