Steel Dynamics Foundation Inc
- Assets
- $12.7m
- Revenue
- $270.5k
- Investments
- $5.7m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 10/2009
- Data as of
- 12/2022
- EIN
- 26-3012038
Organization Overview
Steel Dynamics Foundation Inc is located in Fort Wayne, IN. The organization was established in 2009. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Steel Dynamics Foundation Inc 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, Steel Dynamics Foundation Inc generated $270.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Steel Dynamics Foundation Inc has awarded 282 individual grants totaling $23,102,739. 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 |
|---|---|---|---|
Theresa E Wagler President/se | 0 | $0 | |
Richard A Poinsatte Fnd Admin/tr | 2 | $0 | |
Mark D Millett Director | 0 | $0 | |
Keith E Busse Director | 0 | $0 | |
James Marcuccilli Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $172,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,348 |
| Capital Gain Net Income | $94,348 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $270,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,886 |
| Total operating and administrative expenses | $74,509 |
| Contributions, gifts, grants paid | $4,160,000 |
| Total expenses and disbursements | $4,234,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,027,843 |
| 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 | $12,738,537 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,490,610 |
| 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 | $5,490,610 |
Grants Awarded
Over the last fiscal year, Steel Dynamics Foundation Inc has awarded $5,201,406 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS PURPOSE: YOUTH MENTORING PROGRAM | $10,000 |
BOYS AND GIRLS CLUB PURPOSE: CAPITAL EXPANSION- CLUB HOUSE | $100,000 |
CENTER FOR WHITLEY COUNTY YOUTH PURPOSE: PROGRAM SUPPORT | $20,000 |
FORT WAYNE PHILHARMONIC PURPOSE: PATRIOTIC POPS CONCERT SERIES | $50,000 |
GRACE COLLEGE PURPOSE: LILLY CENTER FOR LAKES & STREAMS | $40,000 |
FORT WAYNE MUSEUM OF ART PURPOSE: SIGNATURE EXHIBITION PROGRAM | $30,000 |