Glasmann Foundation
- Assets
- $789.4k
- Revenue
- $47.6k
- Investments
- $777.7k
- Employees
- 0
- Location
- Ogden, UT
- Founding
- 02/1971
- Data as of
- 12/2021
- EIN
- 23-7048981
Organization Overview
Glasmann Foundation is located in Ogden, UT. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Glasmann 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, Glasmann Foundation generated $47.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $60.8k during the year ending 12/2021. While expenses have increased by 2.9% 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, Glasmann Foundation has awarded 80 individual grants totaling $253,800. 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 |
|---|---|---|---|
Myrene G Temple Trustee | 1 | $0 | |
Thomas O Glasmann Trustee | 1 | $0 | |
Jill Taylor Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,785 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,523 |
| Capital Gain Net Income | $8,523 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $781 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,132 |
| Contributions, gifts, grants paid | $53,700 |
| Total expenses and disbursements | $60,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,769 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $789,434 |
| 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, Glasmann Foundation has awarded $53,700 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Ogden, UT PURPOSE: TEACHER ASSISTANT PATH TO TEACHING, WSU FAMILY LITERACY PROGRAM | $7,000 |
KEARNS HIGH SCHOOL PURPOSE: COUGAR CLUB PRESCHOOL, COUGAR CLUB JOURNALISM, MUSIC AND BAND DEPARTMENTS | $5,000 |
Salt Lake City, UT PURPOSE: CANCER SERVICES | $5,000 |
MAKE A WISH OREGON PURPOSE: HELPING CHILDREN WITH CRITICAL ILLNESS | $4,000 |
Portland, OR PURPOSE: PEDICATRIC CANCER RESEARCH | $4,000 |
Salt Lake City, UT PURPOSE: FOOD BANK | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
E L Wiegand Foundation Reno, NV | $162,053,300 | $6,450,079 |
Simone Charitable Foundation Inc Scottsdale, AZ | $116,213,813 | $7,192,727 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Merlin Foundation Boulder, CO | $11,755,104 | $10,100,928 |
David And Lura Lovell Foundation Tucson, AZ | $13,494,966 | $6,517 |
The Hickey Family Foundation Mesa, AZ | $154,617,141 | $6,519,819 |