Saccomanno Higher Education Foundation
- Assets
- $14.6m
- Revenue
- $540.4k
- Investments
- $13.6m
- Employees
- 0
- Location
- Grand Junction, CO
- Founding
- 06/1991
- Data as of
- 06/2023
- EIN
- 84-1164982
Organization Overview
Saccomanno Higher Education Foundation is located in Grand Junction, CO. The organization was established in 1991. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saccomanno Higher Education 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 06/2023, Saccomanno Higher Education Foundation generated $540.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $954.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Saccomanno Higher Education Foundation has awarded 222 individual grants totaling $7,113,590. 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 |
|---|---|---|---|
Lenna Watson President | 5 | $0 | |
Terrance Farina Vice President | 5 | $0 | |
Gena Cooper Secretary-Treasurer | 5 | $0 | |
Linda Siedow Director | 2 | $0 | |
Bryan Johnson Director | 2 | $0 | |
Nicole Darrow Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,050 |
| Interest on Savings | $0 |
| Dividends & Interest | $434,558 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,795 |
| Capital Gain Net Income | $95,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $540,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,723 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,709 |
| Printing and publications | $0 |
| Other expenses | $10,237 |
| Total operating and administrative expenses | $117,908 |
| Contributions, gifts, grants paid | $836,964 |
| Total expenses and disbursements | $954,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $971,123 |
| 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 | $11,167,087 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,561,625 |
| 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, Saccomanno Higher Education Foundation has awarded $1,823,644 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS STATE UNIVERSITY PURPOSE: EDUCATION | $14,500 |
BAYLOR UNIVERSITY PURPOSE: EDUCATION | $4,000 |
BERKLEE COLLEGE OF MUSIC PURPOSE: EDUCATION | $6,600 |
BOB JONES UNIVERSITY PURPOSE: EDUCATION | $6,300 |
BYU-IDAHO ACCOUNTINGCASHIER'S SERVICES PURPOSE: EDUCATION | $3,500 |
COLLEGE OF PHARMACY UNIVERSITY OF UTAH PURPOSE: EDUCATION | $7,000 |