Scheels All-Sports Foundation
- Assets
- $8.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 01/1998
- Data as of
- 12/2020
- EIN
- 45-0447707
Organization Overview
Scheels All-Sports Foundation is located in Fargo, ND. The organization was established in 1998. 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.
For the year ending 12/2020, Scheels All-Sports Foundation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Scheels All-Sports Foundation has awarded 20 individual grants totaling $2,931,150. 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 |
|---|---|---|---|
Steve M Scheel Vice President | 0.1 | $0 | |
Matt R Hanson Director | 0.1 | $0 | |
Trevor J Klein Director | 0.1 | $0 | |
Mark T Knudson Director | 0.1 | $0 | |
Kevin J Lambley Director | 0.1 | $0 | |
Michelle Killoran Secretary/treasurer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,405,890 |
| Capital Gain Net Income | $2,405,890 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $574,786 |
| Total Revenue | $2,980,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,337 |
| Total operating and administrative expenses | $60,087 |
| Contributions, gifts, grants paid | $2,931,150 |
| Total expenses and disbursements | $2,991,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,984 |
| 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 | $8,030,000 |
| 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 | $8,034,984 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $7,981,555 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,981,555 |
Grants Awarded
Over the last fiscal year, Scheels All-Sports Foundation has awarded $2,931,150 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
NDSU DEVELOPMENT FOUNDATION PURPOSE: COMMUNITY SUPPORT | $1,100,000 |
SARTELL COMMUNITY CENTER PURPOSE: COMMUNITY SUPPORT | $225,000 |
Minot, ND PURPOSE: COMMUNITY SUPPORT | $225,000 |
YMCA OF JOHNSTOWN PURPOSE: COMMUNITY SUPPORT | $157,500 |
CITY OF WEST DES MOINES PURPOSE: COMMUNITY BUILDING - SPORTS AND RECREATIONAL FACILITY | $150,000 |
UND BUSINESS SCHOOL PURPOSE: COMMUNITY SUPPORT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Target Foundation Minneapolis, MN | $17,816,807 | $22,990,908 |
3m Foundation St Paul, MN | $14,130,445 | $13,263,360 |
The Curtis L Carlson Family Foundation Long Lake, MN | $248,179,884 | $26,019,277 |
Denny Sanford Foundation Sioux Falls, SD | $0 | $3,998,679 |
Andreas Foundation Mankato, MN | $41,592,906 | $1,783,226 |
Gianforte Fam Charitable Tr Bozeman, MT | $190,971,579 | $15,554,811 |
Frechette Family Foundation Minneapolis, MN | $169,109,390 | $15,212,488 |
Jerome Foundation Inc Saint Paul, MN | $0 | $4,506,806 |
Montana Healthcare Foundation Bozeman, MT | $163,082,340 | $21,813,360 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $132,709,692 | $333,252 |
Xcel Energy Foundation Minneapolis, MN | $10,223,595 | $7,504,000 |
Bcbsm Foundation Inc St Paul, MN | $69,434,458 | $8,441,494 |