Scheels All-Sports Foundation
- Assets
- $5.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 45-0447707
The information for Scheels All-Sports Foundation is as of the organization's most recent filing in December '21. This organization is located in Fargo, ND. It has been in existence for 23 years, following its founding in 1998.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Scheels All-Sports Foundation's NTEE code is T20, indicating that it falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. As a Private Grantmaking Foundation, the organization is a nongovernmental, nonprofit organization that manages funds and programs through its own trustees or directors. The foundation is established to support social, educational, religious, and other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the foundation is classified under section 3 of the Internal Revenue Code, which encompasses organizations engaged in Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, fostering Amateur Sports Competition, or preventing Cruelty to Children or Animals.
Grant History
Our dataset includes two years of grant history for the Scheels All-Sports Foundation. In these two years, they have awarded a total of 60 grants, with an average check size of $140,277. The organization awards grants in various sectors, including Arts, Culture & Humanities (5), Recreation & Sports (5), and Youth Development (2). Among the states, the foundation has awarded the most grants in Minnesota (14), followed by North Dakota (20), Iowa (9), Nebraska (8), Wisconsin (6), Colorado (2), and South Dakota (1). On average, the foundation awards 30 grants per year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve M Scheel CEO | 0.1 | $0 | |
Jason L Mack Director | 0.1 | $0 | |
Cory D Tweden Director | 0.1 | $0 | |
Michelle Killoran Secretary/treasurer | 0.2 | $0 | |
Matt R Hanson Director | 0.1 | $0 | |
Mark T Knudson Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,662 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,126,946 |
| Capital Gain Net Income | $2,227,469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $321,200 |
| Total Revenue | $2,548,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,994 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $108 |
| Total operating and administrative expenses | $8,902 |
| Contributions, gifts, grants paid | $2,554,324 |
| Total expenses and disbursements | $2,563,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,621 |
| 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 | $5,890,000 |
| 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 | $5,893,621 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,854,609 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,854,609 |
Grants Awarded
Over the last fiscal year, Scheels All-Sports Foundation has awarded $2,554,324 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
NDSU DEVELOPMENT FOUNDATION PURPOSE: COMMUNITY SUPPORT | $1,000,000 |
CITY OF WEST DES MOINES PURPOSE: COMMUNITY BUILDING - SPORTS AND RECREATIONAL FACILITY | $150,000 |
UND BUSINESS SCHOOL PURPOSE: COMMUNITY SUPPORT | $150,000 |
Roca, NE PURPOSE: GENERAL OPERATIONS | $120,000 |
MINOT PARK DISTRICT FOUNDATION PURPOSE: GENERAL OPERATIONS | $112,500 |
ANNE CARLSEN CENTER PURPOSE: COMMUNITY SUPPORT | $112,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |
The Aditi Foundation Sioux Falls, SD | $272,669 | $9,625,048 |
Denny Sanford Foundation Sioux Falls, SD | $42,390,595 | $5,136,218 |
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |