Paddock Foundation
- Assets
- $12.5m
- Revenue
- $2.2m
- Investments
- $11.0m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-1610503
Organization Overview
Paddock Foundation is located in Wayzata, MN. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paddock 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 12/2021, Paddock Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $856.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Paddock Foundation has awarded 203 individual grants totaling $2,819,200. 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 |
|---|---|---|---|
Ryan B Paddock Treasurer/secretary | 1 | $0 | |
Bruce G Paddock President | 1 | $0 | |
Daralyn C Maras Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,579 |
| Interest on Savings | $0 |
| Dividends & Interest | $192,599 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,969,592 |
| Capital Gain Net Income | $1,969,592 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $694 |
| Total Revenue | $2,220,464 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,176 |
| Total operating and administrative expenses | $126,419 |
| Contributions, gifts, grants paid | $730,000 |
| Total expenses and disbursements | $856,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,408 |
| Savings and temporary cash investments | $1,514,226 |
| 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 | $4,980,399 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,914 |
| Total assets | $12,493,581 |
| 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, Paddock Foundation has awarded $730,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF THE GREATER TWIN CITIES PURPOSE: GENERAL FUND | $100,000 |
WITHALL PURPOSE: GENERAL FUND | $80,000 |
UNIVERSITY OF MN PHARMACY PURPOSE: GENERAL FUND | $54,000 |
Robbinsdale, MN PURPOSE: GENERAL FUND | $50,000 |
MAYO CLINIC CENTER FOR REGENERATIVE MEDICINE PURPOSE: GENERAL FUND | $40,000 |
MS SOCIETY MINNESOTA PURPOSE: GENERAL FUND | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Augustana Care Edina, MN | $116,750,556 | $60,968,298 |
Iowa Donor Network North Liberty, IA | $39,614,924 | $35,703,085 |
Wellpoint Care Network Inc Milwaukee, WI | $8,696,347 | $28,630,570 |
Woodward Youth Corporation Woodward, IA | $6,374,013 | $25,268,723 |
Child Care Choices Inc Waite Park, MN | $3,894,332 | $22,493,695 |
Nexus-Woodbourne Family Healing Plymouth, MN | $7,774,084 | $15,090,420 |
Fem Electric Association Inc Ipswich, SD | $42,436,941 | $15,874,732 |
Benedictine Living Communities - Bismarck Inc Minneapolis, MN | $16,928,888 | $16,060,276 |
Simpson Housing Services Inc Minneapolis, MN | $10,361,616 | $11,738,483 |
Art Of Living Foundation Fairfield, IA | $25,087,396 | $11,765,416 |
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |