Frank L Vandersloot Foundation Inc
- Assets
- $5.0m
- Revenue
- $808.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Idaho Falls, ID
- Founding
- 08/2003
- Data as of
- 12/2022
- EIN
- 45-0502567
Organization Overview
Frank L Vandersloot Foundation Inc is located in Idaho Falls, ID. The organization was established in 2003. 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. Frank L Vandersloot 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 12/2022, Frank L Vandersloot Foundation Inc generated $808.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 52.3% each year . All expenses for the organization totaled $407.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Frank L Vandersloot Foundation Inc has awarded 31 individual grants totaling $17,122,277. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANTIQUE EQUIPMENT RESTORATION AND MAINTENANCE FOR FUTURE MUSEUM USE.
CHARTER SCHOOL SUPPORT
LEGAL FEES ASSOCIATED WITH MEDICAL DEBT RELIEF FOR LOW- INCOME FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank L Vandersloot President/di | 0 | $0 | |
Matthew T Vandersloot Director | 0 | $0 | |
Antonio Lima Director | 0 | $0 | |
Christopher Schofield Director | 0 | $0 | |
Belinda B Vandersloot Secretary/di | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $465,020 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $4,536 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $188,365 |
| Total Revenue | $808,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $142,140 |
| Pension plans, employee benefits | $0 |
| Interest | $49,016 |
| Taxes | $18,010 |
| Depreciation | $83,244 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $145 |
| Printing and publications | $0 |
| Other expenses | $107,176 |
| Total operating and administrative expenses | $407,526 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $407,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,146 |
| 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 | $2,339,905 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,609,180 |
| Total assets | $5,033,231 |
| 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 | $708,377 |
| Other liabilities | $0 |
| Total liabilities | $708,377 |
Grants Awarded
Over the last fiscal year, Frank L Vandersloot Foundation Inc has awarded $90,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HAWAII FOODBANK PURPOSE: CHILDREN, FAMILIES, AND COMMUNITIES | $45,000 |
KAUAI INDEPENDENT FOOD BANK PURPOSE: CHILDREN, FAMILIES, AND COMMUNITIES | $45,000 |