Sam Viersen Family Foundation Inc
- Assets
- $31.8m
- Revenue
- $12.0m
- Investments
- $21.0m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 12/1987
- Data as of
- 12/2021
- 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 12/2021, Sam Viersen Family Foundation Inc generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sam Viersen Family Foundation Inc has awarded 106 individual grants totaling $2,227,759. 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 |
|---|---|---|---|
Lisa Rhynes Executive Director | 30 | $48,000 | |
Adam Schenk President | 0 | $0 | |
Sam Miller Vice President | 0 | $0 | |
Julie Schenk Director | 0 | $0 | |
Jill Johnson Director | 0 | $0 | |
Eloise Johnson Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,064,784 |
| Interest on Savings | $223 |
| Dividends & Interest | $467,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,425,752 |
| Capital Gain Net Income | $1,425,752 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,500 |
| Total Revenue | $11,966,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $24,810 |
| Interest | $0 |
| Taxes | $25,479 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,199 |
| Printing and publications | $0 |
| Other expenses | $206,255 |
| Total operating and administrative expenses | $326,243 |
| Contributions, gifts, grants paid | $1,140,609 |
| Total expenses and disbursements | $1,466,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,829,103 |
| 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 | $4,844,532 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,834,430 |
| Accounts payable and accrued expenses | $7,500 |
| 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 | $7,500 |
Grants Awarded
Over the last fiscal year, Sam Viersen Family Foundation Inc has awarded $1,140,609 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
STONEBRIDGE ACADEMY PURPOSE: GENERAL OPERATIONS | $411,850 |
OSU FOUNDATION PURPOSE: GENERAL OPERATIONS | $115,000 |
Tulsa, OK PURPOSE: SCHOLARSHIPS | $69,489 |
Okmulgee, OK PURPOSE: GENERAL OPERATIONS | $56,000 |
OU FOUNDATION PURPOSE: GENERAL OPERATIONS | $50,000 |
YMCA OF GREATER TULSA PURPOSE: GENERAL OPERATIONS | $41,120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |