Scheels All-Sports Foundation
- Assets
- $216.4k
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 45-0447707
Organization Overview
Scheels All-Sports Foundation is located in Fargo, ND. The organization was established in 1998. 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. Scheels All-Sports 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 12/2023, Scheels All-Sports Foundation generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $6.2m during the year ending 12/2023. While expenses have increased by 15.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Scheels All-Sports Foundation has awarded 107 individual grants totaling $15,926,010. 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 |
|---|---|---|---|
Steve D Scheel Chairman | 0.1 | $0 | |
Steve M Scheel CEO | 0.1 | $0 | |
Todd E Anderson President | 0.1 | $0 | |
Michelle Killoran Secretary/treasurer | 0.2 | $0 | |
Matt R Hanson Director | 0.1 | $0 | |
Trevor J Klein Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,452,371 |
| Interest on Savings | $32,260 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $376,996 |
| Capital Gain Net Income | $422,680 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,831 |
| Total Revenue | $4,893,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50,194 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,880 |
| Total operating and administrative expenses | $56,074 |
| Contributions, gifts, grants paid | $6,150,923 |
| Total expenses and disbursements | $6,206,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,408 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $216,408 |
| 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, Scheels All-Sports Foundation has awarded $6,150,923 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF GREAT FALLS PURPOSE: BIG SKY AQUATIC AND RECREATION CENTER. | $395,000 |
ANGELS HOCKEY CLUB PURPOSE: GENERAL OPERATIONS | $97,500 |
BETHANY LUTHERAN COLLEGE PURPOSE: GENERAL OPERATIONS | $90,000 |
BOYS & GIRLS CLUB OF LARIMER COUNTY PURPOSE: COMMUNITY SUPPORT | $97,500 |
BOYS & GIRLS CLUB OF PERHAMEMPOWERING KIDS PURPOSE: GENERAL OPERATIONS | $45,000 |
BOYS & GIRLS CLUBS OF THE GREATER CHIPPEWA VALLEY PURPOSE: GENERAL OPERATIONS | $77,083 |