Sje Rhombus Foundation
- Assets
- $1.5m
- Revenue
- $311.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 02/1988
- Data as of
- 12/2021
- EIN
- 36-3556774
Organization Overview
Sje Rhombus Foundation is located in Detroit Lakes, MN. The organization was established in 1988. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sje Rhombus 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 12/2021, Sje Rhombus Foundation generated $311.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $80.1k during the year ending 12/2021. While expenses have increased by 17.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sje Rhombus Foundation has awarded 35 individual grants totaling $278,267. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larissa Willett President | 1 | $0 | |
Lea Anderson Secretary | 1 | $0 | |
David Thomas Vice President | 1 | $0 | |
Taunia Suckert Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $252,780 |
| Interest on Savings | $8,044 |
| Dividends & Interest | $36,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,474 |
| Capital Gain Net Income | $13,474 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $311,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $755 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $13,290 |
| Contributions, gifts, grants paid | $66,830 |
| Total expenses and disbursements | $80,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,496 |
| 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 | $670,683 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,152 |
| Total assets | $1,536,946 |
| 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, Sje Rhombus Foundation has awarded $66,830 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF DETROIT LAKE PURPOSE: BUILDING A GREAT FUTURE CAMPAIGN | $40,000 |
THE OH FDN OF IND COLLEGES PURPOSE: SJE FOUNDATION SCHOLARSHIP PROGRAM ADMIN | $9,000 |
BECKER COUNTY HISTORICAL SOCIETY PURPOSE: PLEDGE FOR A NEW FACILITY | $8,500 |
BECKER COUNTY HISTORICAL SOCIETY PURPOSE: PLEDGE FOR A NEW FACILITY | $5,000 |
DETROIT LAKES PUBLIC SCHOOLS PURPOSE: STEM EXCELLENCE | $2,830 |
FRAZEE ACTION FUND PURPOSE: DOLLAR FOR SCHOLARS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
North Central States Regional Council Of Carpenters Trng Fund Eau Claire, WI | $10,404,488 | $4,232,713 |
Sand County Foundation Inc Madison, WI | $15,482,706 | $6,154,396 |
Life Time Foundation Chanhassen, MN | $2,791,059 | $2,904,635 |
City Forward Collective Inc Milwaukee, WI | $6,717,920 | $2,212,895 |
Via-Bradely College Of Engineering Foundation Sioux Falls, SD | $33,602,136 | $3,151,765 |
Madison Area Technical College Foundation Inc Madison, WI | $19,547,707 | $4,171,287 |
Des Moines Area Community College Foundation Ankeny, IA | $21,577,534 | $4,357,178 |
Miller Endowment Incorporated Ames, IA | $22,284,130 | $1,447,422 |
Iowa College Foundation Des Moines, IA | $7,601,336 | $1,927,763 |
Rochester Msa Building Company Rochester, MN | $15,938,689 | $1,651,178 |