Squam Lake Foundation
- Assets
- $1.9m
- Revenue
- $232.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Golden Valley, MN
- Founding
- 03/1987
- Data as of
- 11/2023
- EIN
- 36-3492677
Organization Overview
Squam Lake Foundation is located in Golden Valley, MN. The organization was established in 1987. 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. Squam Lake 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 11/2023, Squam Lake Foundation generated $232.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $348.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Squam Lake Foundation has awarded 102 individual grants totaling $1,941,750. 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 |
|---|---|---|---|
John B Winston President, Director | 1 | $1,750 | |
Patricia Sligo Director | 1 | $0 | |
Robert C Mayeron Treasurer, Secretary | 1 | $1,750 | |
Charles A Cleveland Jr Vice President, Director | 1 | $1,750 | |
Robin Tutt Director | 1 | $1,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,493 |
| Dividends & Interest | $20,080 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $184,753 |
| Capital Gain Net Income | $184,753 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $232,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,314 |
| Total operating and administrative expenses | $49,011 |
| Contributions, gifts, grants paid | $299,500 |
| Total expenses and disbursements | $348,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,376 |
| 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 | $1,879,741 |
| 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, Squam Lake Foundation has awarded $299,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BANYAN COMMUNITY PURPOSE: COMMUNITY OUTREACH - YOUTH, FAMILY, COMMUNITY | $10,000 |
INTERFAITH OUTREACH & COMMUNITY PARTNERS PURPOSE: COMMUNITY OUTREACH-FOOD SHELF, HOUSING, EMPLOYMENT | $20,000 |
MACPHAIL CENTER FOR MUSIC PURPOSE: CHAMBER MUSIC EDUCATION, TRAINING, PERFORMANCE | $37,000 |
SECOND HARVEST HEARTLAND PURPOSE: COMMUNITY OUTREACH/FOOD SHELF | $10,000 |
MAYO CLINIC PURPOSE: MEDICAL EDUCATION, RESEARCH, PATIENT CARE | $150,000 |
SIMPSON HOUSING SERVICES INC PURPOSE: COMMUNITY OUTREACH - OVERNIGHT SHELTER, STABLE/SUPPORTIVE HOUSING, CHILDREN & YOUTH PROGRAMS | $7,500 |