Sundet Foundation
- Assets
- $5.9m
- Revenue
- $190.9k
- Investments
- $5.3m
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 08/1980
- Data as of
- 12/2022
- EIN
- 41-1378654
Organization Overview
Sundet Foundation is located in Bloomington, MN. The organization was established in 1980. 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. Sundet 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 12/2022, Sundet Foundation generated $190.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.9%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sundet Foundation has awarded 316 individual grants totaling $18,374,692. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leland N Sundet Director/president | 2 | $0 | |
Louise C Sundet Vice President | 2 | $0 | |
Carol Sundet-Meeker Director/president | 10 | $0 | |
Dan Boeckermann Director | 1 | $0 | |
Mark Dienhard Director | 1 | $0 | |
David Sundet Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $149,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $103,065 |
| Net Rental Income | $6,881 |
| Net Gain on Sale of Assets | -$68,067 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $190,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,874 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,616 |
| Total operating and administrative expenses | $60,501 |
| Contributions, gifts, grants paid | $1,820,026 |
| Total expenses and disbursements | $1,880,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,751 |
| 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 | $4,858,636 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $527,466 |
| Total assets | $5,873,048 |
| 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, Sundet Foundation has awarded $4,824,793 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE DEFENDING FREEDOM PURPOSE: CHARITABLECHARITABLE | $50,000 |
ANSELM HOUSE PURPOSE: CHARITABLE | $10,000 |
AVE MARIA ACADEMY PURPOSE: CHARITABLE | $5,000 |
AUGSBURG COLLEGE ROCHESTER CAMPUS PURPOSE: CHARITABLE | $100,000 |
BSF INTERNATIONAL PURPOSE: CHARITABLE | $5,000 |
CASA ALITAS CATHOLIC CHARITIES AID TO MIGRANTS PURPOSE: CHARITABLE | $8,500 |