Sjostrom & Sons Foundation Inc
- Assets
- $735.8k
- Revenue
- $40.2k
- Investments
- $722.3k
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 09/1993
- Data as of
- 07/2023
- EIN
- 36-3225935
Organization Overview
Sjostrom & Sons Foundation Inc is located in Rockford, IL. The organization was established in 1993. 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. Sjostrom & Sons 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 07/2023, Sjostrom & Sons Foundation Inc generated $40.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $66.3k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sjostrom & Sons Foundation Inc has awarded 356 individual grants totaling $467,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Sjostrom Director | 0 | $0 | |
Kristopher Sjostrom Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,803 |
| Capital Gain Net Income | $19,803 |
| Net ST Capital Gain | $0 |
| Income Modifications | $220 |
| Profit on Inventory Sales | $0 |
| Other Income | $220 |
| Total Revenue | $40,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42 |
| Total operating and administrative expenses | $16,476 |
| Contributions, gifts, grants paid | $49,850 |
| Total expenses and disbursements | $66,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,163 |
| Savings and temporary cash investments | $9,317 |
| 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 | $735,823 |
| 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, Sjostrom & Sons Foundation Inc has awarded $49,850 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
KISHWAUKEE VALLEY CONCERT BAND PURPOSE: ARTISTIC | $500 |
NORTHERN ILLINOIS BOTANICAL SOCIETY PURPOSE: CHARITABLE | $500 |
BARBARA OLSON CENTER OF HOPE PURPOSE: MEDICAL | $1,000 |
BURPEE NATURAL HISTORY MUSEUM PURPOSE: HISTORICAL | $2,500 |
CEDARVILLE UNIVERSITY PURPOSE: EDUCATIONAL | $2,000 |
DISCOVERY CENTER PURPOSE: EDUCATIONAL | $1,000 |