Satterberg Foundation
- Assets
- $410.3m
- Revenue
- $30.6m
- Investments
- $365.1m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/1991
- Data as of
- 12/2021
- EIN
- 91-1501066
Organization Overview
Satterberg Foundation is located in Seattle, WA. The organization was established in 1991. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Satterberg 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, Satterberg Foundation generated $30.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $50.6m during the year ending 12/2021. While expenses have increased by 14.1% per year over the past 6 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 2016, Satterberg Foundation has awarded 1,303 individual grants totaling $138,509,224. 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 |
|---|---|---|---|
Sarah Walczyk Executive Director | 40 | $271,746 | |
C'ardiss Gardner-Gleser Sr. Program Officer | 40 | $178,420 | |
Anne Caroline Miceli Operations Manager | 40 | $165,000 | |
Rosa Peralta Program Officer | 40 | $156,000 | |
Brian Zongolowicz Sr. Data Officer | 40 | $135,584 | |
Juliet Le Program Assistant | 40 | $122,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freedom Futures | 12/30/21 | $82,000 |
Fulcrum Capital Llc | 12/30/21 | $103,597 |
Kendra Walker | 12/30/21 | $75,000 |
Sheryl Carter Carter Leadership | 12/30/21 | $71,335 |
Tiedemann Advisors | 12/30/21 | $366,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,897,818 |
| Net Rental Income | $50,354 |
| Net Gain on Sale of Assets | $19,839,911 |
| Capital Gain Net Income | $23,611,923 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,829,954 |
| Total Revenue | $30,618,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $271,746 |
| Other employee salaries and wages | $983,989 |
| Pension plans, employee benefits | $417,849 |
| Interest | $0 |
| Taxes | $578,978 |
| Depreciation | $13,783 |
| Occupancy | $88,805 |
| Travel, conferences, and meetings | $55,719 |
| Printing and publications | $0 |
| Other expenses | $857,941 |
| Total operating and administrative expenses | $4,066,428 |
| Contributions, gifts, grants paid | $46,576,598 |
| Total expenses and disbursements | $50,643,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,582,507 |
| Savings and temporary cash investments | $24,756,129 |
| 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 | $7,400,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $9,429,243 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,413,118 |
| Net Land, buildings, and equipment | $14,570 |
| Other assets | $0 |
| Total assets | $410,301,972 |
| Accounts payable and accrued expenses | $55,028 |
| Grants payable | $341,000 |
| 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 | $396,028 |
Grants Awarded
Over the last fiscal year, Satterberg Foundation has awarded $47,019,098 in support to 450 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: LIBERTY HILL FDN DAF (GENERAL SUPPORT GRANTS)NON CASH GRANTDATE: 7/20/2021COST BASIS: $865,454FMV: $1,695,116 | $1,695,116 |
LIBERTY HILL FOUNDATION PURPOSE: DAF CONTRIBUTIONS - CA GRANTEES, GENERAL SUPPORT | $1,250,000 |
San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORTNON CASH GRANTDATE: 07/06/2021COST BASIS: $521,485FMV: $1,007,142 | $1,007,142 |
San Francisco, CA PURPOSE: BLACK FEMINIST FUND | $1,000,000 |
Detroit, MI PURPOSE: DECOLONIZING WEALTH PROJECTNON CASH GRANTDATE: 12/31/21COST BASIS: $491,802FMV: $996,069 | $996,069 |
RAINIER VALLEY CORPS PURPOSE: GENERAL OPERATING SUPPORTNON CASH GRANTDATE: 12/31/21COST BASIS: $491,802FMV: $996,068 | $996,068 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Satterberg Foundation Seattle, WA | $410,301,972 | $30,618,037 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
The Foraker Group Anchorage, AK | $6,070,531 | $7,451,192 |
Life You Can Save Sequim, WA | $5,276,771 | $7,278,091 |
Washington Charter School Development Inc Seattle, WA | $91,237,714 | $2,883,173 |
The Conservation Alliance Bend, OR | $7,750,898 | $3,428,997 |
Riverpsykhe Inc Kirkland, WA | $3,092,531 | $940,714 |
Children Of The Setting Sun Productions Bellingham, WA | $752,376 | $1,398,162 |
Historic Everett Theatre Preservation Society Everett, WA | $73,947 | $775,689 |
Dave And Wendy Morgan Foundation Snohomish, WA | $4,129,982 | $3,963,255 |
Lamb Weston Charitable Foundation Eagle, ID | $7,000,922 | $10,181 |
Keller Foundation Vancouver, WA | $5,698,972 | $1,225,617 |