Paddock Foundation
- Assets
- $13.2m
- Revenue
- $1.7m
- Investments
- $11.5m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 05/2014
- Data as of
- 12/2022
- 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 12/2022, Paddock Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $943.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Paddock Foundation has awarded 225 individual grants totaling $3,619,200. 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 |
|---|---|---|---|
Bruce G Paddock President | 1 | $0 | |
Ryan B Paddock Treasurer/secretary | 1 | $0 | |
Daralyn C Maras Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,612 |
| Interest on Savings | $0 |
| Dividends & Interest | $256,543 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,292,139 |
| Capital Gain Net Income | $1,292,139 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $148 |
| Total Revenue | $1,650,442 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,505 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,385 |
| Total operating and administrative expenses | $143,425 |
| Contributions, gifts, grants paid | $800,000 |
| Total expenses and disbursements | $943,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,125 |
| Savings and temporary cash investments | $1,678,443 |
| 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 | $4,750,786 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,579 |
| Total assets | $13,200,598 |
| 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 $800,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ACES PURPOSE: GENERAL FUND | $15,000 |
FEED MY STARVING CHILDREN PURPOSE: GENERAL FUND | $20,000 |
ALS MINNESOTA PURPOSE: GENERAL FUND | $25,000 |
BRECK SCHOOL PURPOSE: GENERAL FUND | $25,000 |
JOE DIMAGGIO CHILDREN'S HOSPITAL FOUNDATION PURPOSE: GENERAL FUND | $20,000 |
LEONARDO'S BASEMENT PURPOSE: GENERAL FUND | $10,000 |