Satrum Foundation Inc
- Assets
- $2.0m
- Revenue
- $51.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- Bend, OR
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 58-2295444
Organization Overview
Satrum Foundation Inc is located in Bend, OR. The organization was established in 1997. 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. Satrum 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, Satrum Foundation Inc generated $51.4k 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 (26.5%) each year. All expenses for the organization totaled $113.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Satrum Foundation Inc has awarded 14 individual grants totaling $595,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald R Satrum Pres/director | 0.5 | $0 | |
Dawn W Satrum V. Pres/director | 0.1 | $0 | |
Lisja N Harper Treas/director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $116 |
| Dividends & Interest | $48,054 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,254 |
| Capital Gain Net Income | $3,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80 |
| Total operating and administrative expenses | $23,034 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $113,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,785 |
| Savings and temporary cash investments | $15,772 |
| 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 | $1,939,144 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,986,701 |
| 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, Satrum Foundation Inc has awarded $90,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KINGSWOOD UNITED METHODIST CHURCH PURPOSE: OPERATING FUND | $25,000 |
OSU FOUNDATION PURPOSE: MEN'S INTERCOLLEGIATE ATHLETICS - GOLF SUPPORT PROGRAM FUND | $25,000 |
OSU FOUNDATION PURPOSE: DEAN'S FUND FOR EXCELLENCE IN THE COLLEGE OF BUSINESS | $25,000 |
EASTMONT CHURCH PURPOSE: OPERATING AND BUILDING FUND | $5,000 |
VIRGINIA TECH FOUNDATION PURPOSE: MEN'S GOLF | $10,000 |