Soar Foundation
- Assets
- $798.9k
- Revenue
- $154.3k
- Investments
- $706.7k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 41-1880574
Organization Overview
Soar Foundation is located in Minneapolis, MN. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soar 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, Soar Foundation generated $154.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $60.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Soar Foundation has awarded 31 individual grants totaling $255,564. 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 |
|---|---|---|---|
Alyn Weisman Secretary | 0.25 | $0 | |
William Weisman President | 0.25 | $0 | |
Charles Weisman Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,867 |
| Interest on Savings | $5 |
| Dividends & Interest | $18,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,757 |
| Capital Gain Net Income | $69,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $154,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $465 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,926 |
| Printing and publications | $0 |
| Other expenses | -$325 |
| Total operating and administrative expenses | $16,951 |
| Contributions, gifts, grants paid | $43,728 |
| Total expenses and disbursements | $60,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,260 |
| 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 | $268,895 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $798,910 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,826 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,826 |
Grants Awarded
Over the last fiscal year, Soar Foundation has awarded $43,728 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHOPRA FOUNDATION PURPOSE: CHARITABLE GIVING | $18,728 |
CHABAD MINNEAPOLIS PURPOSE: CHARITABLE GIVING | $6,000 |
Minnetonka, MN PURPOSE: CHARITABLE GIVING | $5,000 |
UNIVERSITY OF MINNESOTA PURPOSE: CHARITABLE GIVING | $5,000 |
TEMPLE ISRAEL PURPOSE: CHARITABLE GIVING | $4,800 |
Indianapolis, IN PURPOSE: CHARITABLE GIVING | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |
Opportunities Unlimited Sioux City, IA | $5,084,189 | $7,147,348 |
Tieszen Memorial Home Inc Marion, SD | $6,223,545 | $5,748,727 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Internet Security Research Group Minneapolis, MN | $6,123,679 | $6,560,425 |
Central Minnesota Housing Partnership Inc St Augusta, MN | $21,605,447 | $4,430,262 |
John & Denise Graves Foundation Minneapolis, MN | $54,924,760 | $867,412 |
Chs Foundation Inver Grove Heights, MN | $40,013,370 | $7,074,214 |
John R And Zelda Z Grubb Charitable Foundation Urbandale, IA | $12,465,569 | $3,157,752 |
Listen Love Is Sharing The Exceptional Needs Grand Forks, ND | $8,781,410 | $3,741,510 |
Breakwater Health Network Duluth, MN | $640,816 | $1,971,597 |