Comfort Family Foundation
- Assets
- $18.5m
- Revenue
- $562.5k
- Investments
- $15.2m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 10/2010
- Data as of
- 12/2020
- EIN
- 27-3079512
Organization Overview
Comfort Family Foundation is located in Sioux Falls, SD. The organization was established in 2010. 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. Comfort Family 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 12/2020, Comfort Family Foundation generated $562.5k 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 (12.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Comfort Family Foundation has awarded 41 individual grants totaling $3,342,300. 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 |
|---|---|---|---|
Btc Trust Company Of South Dakota Officer | 1 | $26,948 | |
Constance M Comfort Director | 1 | $0 | |
Deborah E Miller Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $160,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $282,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,537 |
| Capital Gain Net Income | $120,537 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $562,545 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,491 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160,000 |
| Total operating and administrative expenses | $338,163 |
| Contributions, gifts, grants paid | $913,300 |
| Total expenses and disbursements | $1,251,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,367,220 |
| 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 | $18,542,558 |
| 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, Comfort Family Foundation has awarded $1,153,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY FOUNDATION PURPOSE: UNRESTRICTED GIFT | $750,000 |
Des Moines, IA PURPOSE: UNRESTRICTED GIFT | $250,000 |
Des Moines, IA PURPOSE: UNRESTRICTED GIFT | $35,000 |
Des Moines, IA PURPOSE: UNRESTRICTED GIFT | $25,000 |
Des Moines, IA PURPOSE: UNRESTRICTED GIFT | $25,000 |
BLANK PARK ZOO PURPOSE: UNRESTRICTED GIFT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Hirschfeld Family Foundation Inc Kearney, NE | $102,299,062 | $1,701,092 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |
Aegon Transamerica Foundation Cedar Rapids, IA | $190,245,485 | $26,330,387 |
Acklie Charitable Foundation Lincoln, NE | $0 | $4,995,097 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |