U S Bancorp Foundation
- Assets
- $32.7m
- Revenue
- $567.4k
- Investments
- $30.7m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 09/1979
- Data as of
- 12/2022
- EIN
- 41-1359579
Organization Overview
U S Bancorp Foundation is located in Milwaukee, WI. The organization was established in 1979. 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. U S Bancorp 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, U S Bancorp Foundation generated $567.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.4%) each year. All expenses for the organization totaled $34.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Revathi Dominski President | 10 | $799,946 | |
Katherine Quinn Director | 2 | $0 | |
Gunjan Kedia Chairman | 2 | $0 | |
John Elmore Director | 2 | $0 | |
Elliott Jaffee Director | 2 | $0 | |
Terrance Dolan Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $892,252 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$371,234 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,416 |
| Total Revenue | $567,434 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $799,946 |
| Other employee salaries and wages | $495,557 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $601,231 |
| Total operating and administrative expenses | $1,937,917 |
| Contributions, gifts, grants paid | $32,015,329 |
| Total expenses and disbursements | $33,953,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,791,730 |
| Savings and temporary cash investments | $111,632 |
| 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 | $30,709,982 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $49,684 |
| Total assets | $32,663,028 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,546,299 |
| 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 | $7,546,299 |
Grants Awarded
Over the last fiscal year, U S Bancorp Foundation has awarded $31,401,572 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CERES INC PURPOSE: GENERAL OPERATING | $40,000 |
SEE ATTACHED PURPOSE: GENERAL OPERATING | $31,361,572 |