Soderquist Family Foundation
- Assets
- $13.7m
- Revenue
- $1.0m
- Investments
- $12.9m
- Employees
- 0
- Location
- Oak Park, IL
- Founding
- 11/2001
- Data as of
- 12/2021
- 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 12/2021, Soderquist Family Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Soderquist Family Foundation has awarded 240 individual grants totaling $5,017,716. 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
2021
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 | $10,712 |
| Interest on Savings | $246 |
| Dividends & Interest | $276,150 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $729,891 |
| Capital Gain Net Income | $729,891 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $376 |
| Total Revenue | $1,017,375 |
| 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 | $18,706 |
| Depreciation | $0 |
| Occupancy | $11,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,168 |
| Total operating and administrative expenses | $252,238 |
| Contributions, gifts, grants paid | $854,200 |
| Total expenses and disbursements | $1,106,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $734,357 |
| 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 | $12,937,808 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,847 |
| Total assets | $13,685,012 |
| Accounts payable and accrued expenses | $598 |
| 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 | $30,540 |
| Total liabilities | $31,138 |
Grants Awarded
Over the last fiscal year, Soderquist Family Foundation has awarded $854,200 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Bellwood, IL PURPOSE: CHARITABLE | $150,000 |
CHRISTIANITY TODAY PURPOSE: CHARITABLE | $110,000 |
Chicago, IL PURPOSE: CHARITABLE | $100,000 |
Lincoln, NE PURPOSE: CHARITABLE | $75,000 |
CIRCLE Y RANCH PURPOSE: CHARITABLE | $50,000 |
Pewaukee, WI PURPOSE: CHARITABLE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Relevant Radio Inc Lincolnshire, IL | $100,083,301 | $30,552,688 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Josiah Venture Nfp Wheaton, IL | $16,890,117 | $13,544,001 |
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
International House Of Prayer Kansas City, MO | $184,048 | $5,377,714 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Leadership Resources International Palos Heights, IL | $4,418,909 | $4,858,234 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |