Soderquist Family Foundation
- Assets
- $11.8m
- Revenue
- $306.8k
- Investments
- $8.1m
- Employees
- 0
- Location
- Oak Park, IL
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 73-1621266
Organization Overview
Soderquist Family Foundation is located in Oak Park, IL. The organization was established in 2001. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soderquist 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, Soderquist Family Foundation generated $306.8k 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 (19.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Soderquist Family Foundation has awarded 303 individual grants totaling $7,469,216. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO CHARITIES AND ORGANIZATIONS (SEE PART XIV) FOR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Soderquist Director/president/treasurer | 10 | $65,000 | |
Jennifer King Soderquist Director/vice President/secretary | 2 | $0 | |
Dane Soderquist Director | 1 | $0 | |
Anders Soderquist Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $35,750 |
| Dividends & Interest | $392,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$124,044 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57 |
| Total Revenue | $306,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,215 |
| Depreciation | $0 |
| Occupancy | $14,850 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,415 |
| Total operating and administrative expenses | $187,279 |
| Contributions, gifts, grants paid | $1,377,500 |
| Total expenses and disbursements | $1,564,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,609,736 |
| Net Accounts receivable | $37,500 |
| 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 | $3,182 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,143,963 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $292 |
| Total assets | $11,794,673 |
| 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 | $1,661 |
| Total liabilities | $1,661 |
Grants Awarded
Over the last fiscal year, Soderquist Family Foundation has awarded $1,377,500 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AR KIDS READ PURPOSE: CHARITABLE - EDUCATION/SUMMER LITERACY PLAYGROUND | $10,000 |
CALVARY FAMILY OF CHURCHES PURPOSE: CHARITABLE - CHURCH MISSIONS PROGRAM | $6,000 |
CRU PURPOSE: CHARITABLE - URBAN YOUTH PROGRAMS | $6,000 |
CMML PURPOSE: CHARITABLE - CHURCH MISSIONS PROGRAMS | $5,000 |
COMMISSION TO EVERY NATION PURPOSE: CHARITABLE - REFUGEE MINISTRY | $2,000 |
DICKSON VALLEY CAMP PURPOSE: CHARITABLE - YOUTH CAMPING | $70,000 |