Engelstad Fam Foundation
- Assets
- $835.4m
- Revenue
- $95.4m
- Investments
- $776.9m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 80-6008137
Organization Overview
Engelstad Fam Foundation is located in Las Vegas, NV. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Engelstad Fam 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, Engelstad Fam Foundation generated $95.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $54.1m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Engelstad Fam Foundation has awarded 365 individual grants totaling $138,252,391. 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 |
|---|---|---|---|
Jeffrey Cooper Treasurer/trustee | 30 | $400,000 | |
Kris Mcgarry Vice President/trustee | 30 | $400,000 | |
Denise White Executive Assistant | 40 | $123,949 | |
Sean Mcgarry Assistant Trustee | 20 | $93,750 | |
Richard L Bass Jr Administrative Assis | 40 | $61,333 | |
Betty Engelstad President/trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
W Craig Ramos Ltd | 12/30/21 | $212,512 |
Jgs Group | 12/30/21 | $156,082 |
Fabian Vancott | 12/30/21 | $62,484 |
The Firm | 12/30/21 | $100,911 |
Rubinbrown Llp | 12/30/21 | $53,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,145 |
| Dividends & Interest | $15,883,389 |
| Net Rental Income | -$2,330,342 |
| Net Gain on Sale of Assets | $75,860,427 |
| Capital Gain Net Income | $75,860,427 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,110,376 |
| Total Revenue | $95,367,626 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $893,750 |
| Other employee salaries and wages | $293,012 |
| Pension plans, employee benefits | $125,317 |
| Interest | $784,560 |
| Taxes | $620,274 |
| Depreciation | $2,216,765 |
| Occupancy | $119,519 |
| Travel, conferences, and meetings | $165,671 |
| Printing and publications | $0 |
| Other expenses | $2,805,351 |
| Total operating and administrative expenses | $17,630,124 |
| Contributions, gifts, grants paid | $36,465,607 |
| Total expenses and disbursements | $54,095,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,508,643 |
| 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 | $224,368 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $25,020,841 |
| Investments—mortgage loans | $2,454,601 |
| Investments—other | $14,954,284 |
| Net Land, buildings, and equipment | $11,740,551 |
| Other assets | $0 |
| Total assets | $835,390,513 |
| 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 | $28,278,052 |
| Total liabilities | $28,278,052 |
Grants Awarded
Over the last fiscal year, Engelstad Fam Foundation has awarded $36,465,607 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
Las Vegas, NV PURPOSE: PROGRAM SUPPORT | $7,500,000 |
LAS VEGAS METROPOLITAN POLICE FOUNDATION PURPOSE: PROGRAM SUPPORT | $6,000,000 |
ST ROSE DOMINICAN HEALTH FOUNDATION PURPOSE: PROGRAM SUPPORT | $2,000,000 |
Las Vegas, NV PURPOSE: PROGRAM SUPPORT | $1,950,000 |
UNLV FOUNDATION PURPOSE: PROGRAM SUPPORT | $1,025,000 |
Las Vegas, NV PURPOSE: PROGRAM SUPPORT | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Engelstad Fam Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Feeding Pets Of The Homeless Carson City, NV PURPOSE: VETERINARY CARE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valhalla Charitable Foundation Woodside, CA | $798,059,895 | $465,139,878 |
Hobson Lucas Family Foundation San Rafael, CA | $1,224,427,404 | $46,978,147 |
Tosa Foundation Portola Valley, CA | $620,174,698 | $135,076,785 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |