Richard Sabala Foundation Inc
- Assets
- $5.9m
- Revenue
- $873.4k
- Investments
- $0.0
- Employees
- 21
- Location
- Mccall, ID
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 82-0462123
Organization Overview
Richard Sabala Foundation Inc is located in Mccall, ID. The organization was established in 1993. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Richard Sabala Foundation Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard Sabala 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 12/2022, Richard Sabala Foundation Inc generated $873.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $858.2k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND WELFARE OF MCCALL-DONNELLY SCHOOL DISTRICT CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCCALL ICE SKATING RINK & EVENT CENTER - EDUCATIONAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana M Sabala President | OfficerTrustee | $0 | |
Louis A Sabala Vice Preside | OfficerTrustee | $0 | |
John A Sabala Secretary | OfficerTrustee | $0 | |
Nicholas D Sabala Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,023 |
| Total Program Service Revenue | $596,477 |
| Investment income | $52,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,618 |
| Net Income from Fundraising Events | $177,811 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $873,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,000 |
| Grants and other assistance to domestic individuals. | $8,558 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,615 |
| Payroll taxes | $19,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $330 |
| Fees for services: Accounting | $11,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,398 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,410 |
| Office expenses | $1,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,602 |
| Travel | $1,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,809 |
| Insurance | $58,164 |
| All other expenses | $54,329 |
| Total functional expenses | $858,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,217 |
| Savings and temporary cash investments | $210,514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $286 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,793,163 |
| Investments—publicly traded securities | $1,828,808 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,898,988 |
| Accounts payable and accrued expenses | $11,235 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,235 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $210,514 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,793,163 |
| Retained earnings, endowment, accumulated income, or other funds | $1,884,076 |
| Total liabilities and net assets/fund balances | $5,898,988 |
Grants Awarded
Over the last fiscal year, Richard Sabala Foundation Inc has awarded $50,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PAYETTE LAKES SKI CLUB | | | $20,000 |
CENTRAL IDAHO MOUNTAIN BIKE ASSOC | | | $10,000 |
IDAHO YOUTH RANCH PURPOSE: CAPITAL | $20,000 |