Salin Foundation Inc
- Assets
- $740.3k
- Revenue
- $221.8k
- Investments
- $571.5k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 35-2047694
Organization Overview
Salin Foundation Inc is located in Indianapolis, IN. The organization was established in 1998. 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. Salin 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, Salin Foundation Inc generated $221.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Salin Foundation Inc has awarded 163 individual grants totaling $2,937,919. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO ONE LOCAL AND ONE NATIONAL ORGANIZATION TO HELP PROVIDE CULTURAL AWARENESS AND MEDICAL RESEARCH AND EDUCATION
DONATED CASH AND STOCK TO TWO LOCAL DONOR ADVISED FUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William N Salin II Chairman | 2 | $0 | |
William N Salin III Director | 2 | $0 | |
Samuel J Salin Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $160,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $335,659 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,263 |
| Total Revenue | $221,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $771 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,733 |
| Contributions, gifts, grants paid | $1,731,949 |
| Total expenses and disbursements | $1,759,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $168,756 |
| 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 | $740,288 |
| 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, Salin Foundation Inc has awarded $1,731,949 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MCCLAIN-SALIN FAMILY FOUNDATION PURPOSE: DONATIONGENERAL FUNDS | $143,050 |
ALZHEIMER'S ASSOCIATION PURPOSE: SCIENTIFIC/MEDICAL | $2,500 |
WAWASEE AREA CONSERVANCY PURPOSE: PRESERVINGWAWASEE AREAWATERSHED | $10,000 |
MCCLAIN-SALIN FAMILY FOUNDATION PURPOSE: DONATED STOCKSGENERAL FUNDS | $546,168 |
BNY MELLON CHARITABLE GIFT FUND PURPOSE: DONATIONGENERAL FUND | $1,030,231 |