Tozer Foundation Inc
- Assets
- $23.3m
- Revenue
- $945.6k
- Investments
- $22.5m
- Employees
- 0
- Location
- Lake Elmo, MN
- Founding
- 09/1947
- Data as of
- 10/2022
- 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 10/2022, Tozer Foundation Inc generated $945.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.3m during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Tozer Foundation Inc has awarded 12 individual grants totaling $4,977,240. 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 |
|---|---|---|---|
Tracey Galowitz Director | 1 | $3,500 | |
Alan Bernick President | 1 | $0 | |
Scott Mercer Director | 1 | $0 | |
Orville Johnson Director (through May) | 1 | $0 | |
Douglas N Smith Director | 1 | $0 | |
Elizabeth A Raleigh Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sei | 10/30/22 | $57,502 |
Lake Elmo Bank | 10/30/22 | $56,432 |
Scholarship America Inc | 10/30/22 | $52,870 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $0 |
| Dividends & Interest | $789,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $143,814 |
| Capital Gain Net Income | $143,814 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,961 |
| Total Revenue | $945,630 |
| 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 | $48,811 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,915 |
| Printing and publications | $0 |
| Other expenses | $17,804 |
| Total operating and administrative expenses | $248,334 |
| Contributions, gifts, grants paid | $1,073,600 |
| Total expenses and disbursements | $1,321,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $731,512 |
| 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 | $2,392,719 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $89,831 |
| Total assets | $23,295,612 |
| 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 $1,073,600 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP AMERICA PURPOSE: SCHOLARSHIPS | $1,073,250 |
LAKEVIEW HOSPICE PURPOSE: GENERAL SUPPORT | $250 |
Bayport, MN PURPOSE: GENERAL SUPPORT | $100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tozer Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Zichron Yechiel Mechel Foundation Uniondale, NY PURPOSE: UNRESTRICTED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
American Family Insurance Dreams Foundation Inc Madison, WI | $10,733,127 | $6,580,229 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $301,880,639 | $24,555,392 |
Argosy Foundation Milwaukee, WI | $36,932,110 | $41,277,914 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Herbert H Kohl Charities Inc Milwaukee, WI | $19,332,679 | $4,430,173 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |