Discoverers Fund Inc
- Assets
- $1.2m
- Revenue
- $120.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Eau Claire, WI
- Founding
- 01/1958
- Data as of
- 09/2021
- EIN
- 39-6048588
Organization Overview
Discoverers Fund Inc is located in Eau Claire, WI. The organization was established in 1958. 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. Discoverers Fund 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 09/2021, Discoverers Fund Inc generated $120.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $90.1k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Discoverers Fund Inc has awarded 49 individual grants totaling $418,350. 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 |
|---|---|---|---|
Charles Firari Secretary & Dir | 0.5 | $0 | |
Scott Firari President & Dir | 0.5 | $0 | |
David Bergstedt Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $33,335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,053 |
| Capital Gain Net Income | $87,053 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,082 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $90,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,121 |
| 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 | $32,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,193,867 |
| 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, Discoverers Fund Inc has awarded $75,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TUNNEL TO TOWERS FOUNDATION PURPOSE: THE TUNNEL TO TOWERS FOUNDATION HONORS THE SACRIFICE OF FIREFIGHTER STEPHEN SILLER; AND TO HONOR OUR MILITARY AND FIRST RESPONDERS WHO CONTINUE TO MAKE THE SUPREME SACRIFICE OF LIFE AND LIMB FOR OUR COUNTRY. | $15,000 |
HOPE GOSPEL MISSION PURPOSE: HOPE GOSPEL MISSION OFFERS CHRIST-CENTERED, LIFE CHANGING HELP TO THE HOMELESS AND NEEDY IN WESTERN WISCONSIN. | $15,000 |
INDEPENDENCE FUND PURPOSE: THE INDEPENDENCE FUND IS COMMITTED TO EMPOWERING OUR NATIONS CATASTROPHICALLY WOUNDED, INJURED, OR ILL VETERANS TO OVERCOME PHYSICAL, MENTAL, AND EMOTIONAL WOUNDS INCURRED IN THE LINE OF DUTY. THEY ARE DEDICATED TO IMPROVING THE LIVES OF BOTH OUR VETERANS AND THEIR FAMILIES. THROUGH THEIR MOBILITY, CAREGIVER, ADAPTIVE SPORTS, ADVOCACY, AND FAMILY PROGRAMS, THE INDEPENDENCE FUND STRIVES TO BRIDGE THE GAP OF UNMET NEEDS FOR VETERANS AND THEIR CAREGIVERS. | $15,000 |
Jacksonville, FL PURPOSE: THE WWP MISSION IS TO HONOR AND EMPOWER WOUNDED WARRIORS WHO INCURRED A PHYSICAL OR MENTAL INJURY, ILLNESSES, OR WOUND, CO-INCIDENT TO YOUR MILITARY SERVICE ON OR AFTER SEPTEMBER 11, 2001. YOU MAY ALSO BE ELIGIBLE FOR THE PROGRAM IF YOU ARE THE FAMILY MEMBER OR CAREGIVER OF A WOUNDED WARRIOR. | $15,000 |
GRACE BAPTIST CHURCH PURPOSE: YAP MINISTRY - BUILDING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |