Sorlie Family Foundation
- Assets
- $267.7k
- Revenue
- $33.9k
- Investments
- $265.8k
- Employees
- 0
- Location
- Bend, OR
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 41-1958210
Organization Overview
Sorlie Family Foundation is located in Bend, OR. The organization was established in 2000. 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. Sorlie Family 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, Sorlie Family Foundation generated $33.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $16.9k during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 6 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.
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 |
|---|---|---|---|
Oscar J Sorlie Jr Vice Preside | 0 | $0 | |
Laurel M Sorlie President, T | 0 | $0 | |
James S Sorlie Director | 0 | $0 | |
John D Sorlie Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,393 |
| Capital Gain Net Income | $27,393 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $298 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $689 |
| Contributions, gifts, grants paid | $16,200 |
| Total expenses and disbursements | $16,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,882 |
| 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 | $267,713 |
| 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, Sorlie Family Foundation has awarded $16,200 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: OPERATING SUPPORT | $6,500 |
YOUNG LIFE OF WICHITA PURPOSE: OPERATING SUPPORT | $2,000 |
Bend, OR PURPOSE: OPERATING SUPPORT | $1,000 |
Linton, ND PURPOSE: OPERATING SUPPORT | $1,000 |
FIRST PRESBYTERIAN FOUNDATION PURPOSE: OPERATING SUPPORT | $500 |
Bend, OR PURPOSE: OPERATING SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Stolte Family Foundation Seattle, WA | $78,833,189 | $10,332,086 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
The Barbara And Gerson Bakar Foundation San Francisco, CA | $150,075,547 | $19,097,345 |
William G Irwin Charity Foundation San Francisco, CA | $95,703,761 | $19,136,887 |
Edgerton Foundation Los Angeles, CA | $106,952,264 | $9,589,110 |