Tozer Foundation Inc
- Assets
- $22.2m
- Revenue
- $514.8k
- Investments
- $21.5m
- Employees
- 0
- Location
- Lake Elmo, MN
- Founding
- 09/1947
- Data as of
- 10/2023
- EIN
- 41-6011518
Organization Overview
Tozer Foundation Inc is located in Lake Elmo, MN. The organization was established in 1947. 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. Tozer 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 10/2023, Tozer Foundation Inc generated $514.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.6m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Tozer Foundation Inc has awarded 13 individual grants totaling $5,347,990. 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 |
|---|---|---|---|
Alan Bernick President | 1 | $0 | |
Elizabeth A Raleigh Secretary And Treasurer | 1 | $0 | |
Tracey Galowitz Director | 1 | $3,500 | |
Scott Mercer Director | 1 | $0 | |
Douglas N Smith Director | 1 | $0 | |
Gretchen M Stein Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kaleidoscope | 10/30/23 | $52,625 |
Lake Elmo Bank | 10/30/23 | $63,757 |
Sei | 10/30/23 | $52,522 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $817,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$313,492 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,277 |
| Total Revenue | $514,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,479 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,160 |
| Printing and publications | $0 |
| Other expenses | $25,855 |
| Total operating and administrative expenses | $237,586 |
| Contributions, gifts, grants paid | $1,336,100 |
| Total expenses and disbursements | $1,573,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,476 |
| 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 | $196,931 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,500 |
| Total assets | $22,236,753 |
| 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, Tozer Foundation Inc has awarded $1,336,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR BAYPORT PUBLIC LIBRARY PURPOSE: GENERAL SUPPORT | $100 |
SCHOLARSHIP AMERICA PURPOSE: SCHOLARSHIPS | $434,000 |
KALEIDOSCOPE PURPOSE: SCHOLARSHIPS | $902,000 |