Sam Viersen Family Foundation Inc
- Assets
- $27.6m
- Revenue
- $822.9k
- Investments
- $26.9m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 12/1987
- Data as of
- 12/2023
- EIN
- 73-1295358
Organization Overview
Sam Viersen Family Foundation Inc is located in Tulsa, OK. The organization was established in 1987. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sam Viersen Family 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 12/2023, Sam Viersen Family Foundation Inc generated $822.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sam Viersen Family Foundation Inc has awarded 230 individual grants totaling $6,913,289. 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 |
|---|---|---|---|
Adam Schenk President | 0 | $0 | |
Sam Miller Director | 0 | $0 | |
Brian Johnson Director | 0 | $0 | |
Jill Johnson Director | 0 | $0 | |
Julie Schenk Director | 0 | $0 | |
Eloise Johnson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,903 |
| Dividends & Interest | $835,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$50,943 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,839 |
| Total Revenue | $822,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,302 |
| Interest | $0 |
| Taxes | $17,366 |
| Depreciation | $0 |
| Occupancy | $19,494 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $237,059 |
| Total operating and administrative expenses | $365,925 |
| Contributions, gifts, grants paid | $2,676,730 |
| Total expenses and disbursements | $3,042,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $702,766 |
| Savings and temporary cash investments | $0 |
| 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 | $4,536,677 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,606,725 |
| 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, Sam Viersen Family Foundation Inc has awarded $2,676,730 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
A NEW LEAF FOUNDATION PURPOSE: GENERAL OPERATIONS | $20,000 |
AMERICAN LEGION POST 10 PURPOSE: GENERAL OPERATIONS | $3,000 |
BRENDON MCLARTY MEMORIAL FOUNDATION PURPOSE: GENERAL OPERATIONS | $2,000 |
CREEK NATION INDIAN VILLAGE PURPOSE: GENERAL OPERATIONS | $3,500 |
FRIENDS OF OKMULGEE LIBRARY PURPOSE: GENERAL OPERATIONS | $3,830 |
FRIENDS OF SWITCHPOINT INC PURPOSE: GENERAL OPERATIONS | $3,000 |