Sethness Family Foundation
- Assets
- $3.2m
- Revenue
- $446.1k
- Investments
- $3.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-2750234
Organization Overview
Sethness Family Foundation is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Sethness 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, Sethness Family Foundation generated $446.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 50.4% each year . All expenses for the organization totaled $306.7k during the year ending 12/2021. While expenses have increased by 11.9% per year over the past 3 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 2020, Sethness Family Foundation has awarded 87 individual grants totaling $406,515. 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 |
|---|---|---|---|
Holly M Sethness President/dir | 0.2 | $0 | |
Ashley P Gosnell Mody Vice Pres | 0.2 | $0 | |
Charlotte H Sethness Treasurer/dir | 0.2 | $0 | |
Elizabeth B Sethness Vice-Pres/dir | 0.2 | $0 | |
Randall Romei Secretary/dir | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $9 |
| Dividends & Interest | $40,703 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $305,420 |
| Capital Gain Net Income | $305,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $446,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56,022 |
| Total operating and administrative expenses | $78,693 |
| Contributions, gifts, grants paid | $228,015 |
| Total expenses and disbursements | $306,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $138,151 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,240,807 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sethness Family Foundation has awarded $228,015 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
DIGS WITH DIGNITY PURPOSE: $9,000 UNRESTRICTED$10,000 TRUCK$3,465 DRINKS FOR DIGS MATCH | $22,465 |
New York, NY PURPOSE: UNRESTRICTED | $20,500 |
ST ANDREWS SCHOOL PURPOSE: $10,000 SAINTS FUND$10,000 WILL SPEARS SCHOLARSHIP FUND | $20,000 |
SHARE OUR STRENTH-NO KID HUNGRY PURPOSE: UNRESTRICTED | $16,500 |
Chicago, IL PURPOSE: UNRESTRICTED | $15,000 |
NEW ENGLAND HANDICAPPED SPORTS ASSO PURPOSE: UNRESTICTED | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Charitable Foundation Of Greater Des Moines Des Moines, IA | $1,241,409 | $13,055,927 |
La Plaza Inc Indianapolis, IN | $9,386,247 | $2,714,930 |
Sethness Family Foundation Chicago, IL | $3,240,807 | $446,132 |
Community Agency Building Corporation Inc Seymour, IN | $657,344 | $165,627 |
Flora Richardson Foundation Inc Chesterton, IN | $2,221,729 | $253,785 |
Community Value Alliance Inc Saint Louis, MO | $46,316 | $0 |
Csb Charitable Foundation Norwalk, IA | $1,614,540 | $993,863 |
Ternet Fam Foundation Tr Evansville, IN | $2,062,998 | $94,873 |
Foundation For Illinois Colonial And American Studies Mt Auburn, IL | $46,727 | $0 |
Pleasant Hill Arts Foundation Pleasant Hill, IA | $54,694 | $44,735 |
Dcb Foundation Cedar Rapids, IA | $2,606,079 | $91,305 |
Americans For Good Inc Barrington, IL | $854,209 | $15,000 |