Steven Sabes Foundation
- Assets
- $462.7k
- Revenue
- $85.6k
- Investments
- $449.8k
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- Data as of
- 12/2022
- EIN
- 85-4196475
Organization Overview
Steven Sabes Foundation is located in Plymouth, MN. 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. Steven Sabes 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 12/2022, Steven Sabes Foundation generated $85.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (41.6%) each year.
Since 2021, Steven Sabes Foundation has awarded 21 individual grants totaling $139,525. 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 |
|---|---|---|---|
Steven Sabes President | 0 | $0 | |
Maggie O'gara Vice President | 0 | $0 | |
Lauren Sabes Secretary | 0 | $0 | |
Natalie Sabes Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74,584 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,596 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,422 |
| Capital Gain Net Income | $4,422 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,602 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38 |
| Total operating and administrative expenses | $3,051 |
| Contributions, gifts, grants paid | $119,025 |
| Total expenses and disbursements | $122,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,867 |
| Savings and temporary cash investments | $0 |
| 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 | $449,848 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $462,715 |
| Accounts payable and accrued expenses | $700 |
| 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 | $700 |
Grants Awarded
Over the last fiscal year, Steven Sabes Foundation has awarded $119,025 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC PURPOSE: COMMITMENT TO CURING DISEASE, CONNECTING PATIENTS EVERYWHERE, AND TRANSFORMING HEALTH CARE. | $100,000 |
WILDER FOUNDATION PURPOSE: PROMOTE SOCIAL WELFARE INCLUDING: RELIEF OF THE POOR, CARE OF THE SICK AND AGED, CARE AND NURTURE OF CHILDREN, AID OF THE DISADVANTAGED AND OTHERWISE NEEDY, PROMOTION OF PHYSICAL AND MENTAL HEALTH, SUPPORT OF REHABILITATION AND CORRECTIONS, PROVISION OF NEEDED HOUSING AND SOCIAL SERVICES, OPERATION OF RESIDENCES AN DFACILITIES FOR THE AGED, THE INFIRM AND THOSE REQUIRING SPECIAL CARE. | $2,300 |
HUMOROLOGY PURPOSE: TO PROMOTE COMMUNITY ENGAGEMENT AND PHILANTHROPIC SERVICE THROUGH CREATIVITY AND DEDICATION. | $1,500 |
MINNESOTA WILD FOUNDATION PURPOSE: SUPPORT THE GAME OF HOCKEY AND IMPROVE THE LIVES OF FAMILIES IN THE STATE OF HOCKEY. | $1,525 |
WILDLIFE RESEARCH CENTER OF MN PURPOSE: INDUSTRY LEADER IN THE RESEARCH AND DEVELOPMENT OF ADVANCED HUNTING SCENT AND HUMAN SCENT ELIMINATION PRODUCTS FOR HUNTERS. | $2,000 |
AMERICAN IOC PURPOSE: NON-PROFIT DEDICATED TO USING THE REVENUE GENERAGED FROM THE OLYMPIC GAMES TO ASSIST ATHLETES AND DEVELOP SPORT WORLDWIDE. | $5,000 |