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 5 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $50.6m during the year ending 12/2021. While expenses have increased by 21.2% per year over the past 5 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 1,705 individual grants totaling $183,120,430. 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 | $287,167 | |
Sean Boyd President | 5 | $0 | |
Pete Helsell Treasurer | 5 | $0 | |
Judy Pigott Secretary | 5 | $0 | |
Mary Pigott Director | 2 | $0 | |
Tyler Pigott Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiedemann Advisors | 12/30/22 | $406,848 |
Kendra Walker | 12/30/22 | $120,000 |
Freedom Futures | 12/30/22 | $102,400 |
Fulcrum Capital Llc | 12/30/22 | $97,896 |
Ted Lord | 12/30/22 | $72,000 |
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 $44,611,206 in support to 402 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE SAN DIEGO PURPOSE: GENERAL OPERATING SUPPORT | $175,000 |
ALLIED MEDIA PROJECTS PURPOSE: LIBERATION MEDICAL SCHOOL GENERAL SUPPORT | $50,000 |
ALLIANCE SAN DIEGO PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
ALLIED MEDIA PROJECTS PURPOSE: DECOLONIZING WEALTH PROJECT | $25,515 |
ALMA BACKYARD FARMS PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
AMAH MUTSUN LAND TRUST PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |