Skanse Family Foundation
- Assets
- $11.0m
- Revenue
- $443.9k
- Investments
- $10.8m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4811031
Organization Overview
Skanse Family Foundation is located in Minneapolis, MN. The organization was established in 2014. 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. Skanse Family 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, Skanse Family Foundation generated $443.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $982.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Skanse Family Foundation has awarded 181 individual grants totaling $4,714,000. 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 |
|---|---|---|---|
Carol A Skanse President | 2 | $20,000 | |
Linda Parker Vice-President, Asst. Secr | 2 | $10,000 | |
Richard Skanse Director | 2 | $5,000 | |
Ryan Skanse Director | 2 | $5,000 | |
Robert Skanse Director | 2 | $5,000 | |
Ronald Skanse Director | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $169,833 |
| Dividends & Interest | $298,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$24,901 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $443,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $146,964 |
| Contributions, gifts, grants paid | $835,000 |
| Total expenses and disbursements | $981,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $227,283 |
| 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 | $4,831,679 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,985,253 |
| 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, Skanse Family Foundation has awarded $835,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL FLORIDA DOWN SYNDROME ASSOCIATION INC PURPOSE: GENERAL TAX EXEMPT PURPOSE | $1,000 |
CHILDREN'S CANCER RESEARCH FUND PURPOSE: GENERAL TAX EXEMPT PURPOSE | $15,000 |
DAMASCUS WAY RE-ENTRY CENTER INC PURPOSE: GENERAL TAX EXEMPT PURPOSE | $10,000 |
FOCUS ON THE FAMILY PURPOSE: GENERAL TAX EXEMPT PURPOSE | $10,000 |
GRACE CHURCH PURPOSE: RELIGIOUS-GENERAL TAX EXEMPT PURPOSE | $2,500 |
FRIENDS OF THE AMERICAS PURPOSE: GENERAL TAX EXEMPT PURPOSE | $10,000 |