Engels Family Foundation
- Assets
- $319.2k
- Revenue
- $477.9k
- Investments
- $302.4k
- Employees
- 0
- Location
- Watertown, SD
- Founding
- 05/2016
- Data as of
- 12/2022
- EIN
- 47-2553141
Organization Overview
Engels Family Foundation is located in Watertown, SD. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Engels 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 12/2022, Engels Family Foundation generated $477.9k in total revenue. All expenses for the organization totaled $13.8k during the year ending 12/2022.
Since 2016, Engels Family Foundation has awarded 19 individual grants totaling $158,349. 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 |
|---|---|---|---|
Michele Engels President | 1 | $0 | |
James Engels Vice President | 1 | $0 | |
Ashley Engels Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $473,835 |
| Interest on Savings | $95 |
| Dividends & Interest | $7,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,072 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $477,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $9,825 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $13,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,675 |
| Savings and temporary cash investments | $14,188 |
| 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 | $8,786 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $319,242 |
| 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, Engels Family Foundation has awarded $4,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ARROW EDUCATION FOUNDATION PURPOSE: EDUCATION - FALL FESTIVAL | $1,000 |
BOYS AND GIRLS CLUB OF WATERTOWN PURPOSE: CAMEL RACE SPONSORSHIP | $1,000 |
WATERTOWN BREAST CANCER SUPPORT GROUP PURPOSE: GOLF TOURNEY | $1,000 |
SIOUX COUNCIL PURPOSE: FRIENDS OF SCOUTING CAMPAIGN | $1,000 |