Sam I Kobata & Sons Foundation
- Assets
- $7.6m
- Revenue
- $267.6k
- Investments
- $7.1m
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-4797575
Organization Overview
Sam I Kobata & Sons Foundation is located in St Paul, MN. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Sam I Kobata & Sons 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, Sam I Kobata & Sons Foundation generated $267.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $611.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sam I Kobata & Sons Foundation has awarded 111 individual grants totaling $2,381,405. 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 |
|---|---|---|---|
Gary Kobata President | 2 | $4,350 | |
Connie Kobata Secretary/treasurer | 2 | $2,000 | |
Faith Anderson Trustee | 2 | $2,000 | |
James Anderson Vice President | 2 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,427 |
| Dividends & Interest | $229,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,931 |
| Capital Gain Net Income | $7,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,428 |
| Total Revenue | $267,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,350 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,909 |
| Total operating and administrative expenses | $98,640 |
| Contributions, gifts, grants paid | $512,706 |
| Total expenses and disbursements | $611,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,504 |
| 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 | $7,087,014 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $422,149 |
| Total assets | $7,618,667 |
| 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, Sam I Kobata & Sons Foundation has awarded $512,706 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BEND COMMUNITY COLLEGE PURPOSE: COLLEGE SUPPORT | $141,000 |
BIG BEND COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $22,000 |
CENTRAL WASHINGTON UNIVERSITY PURPOSE: COLLEGE SUPPORT | $55,000 |
CENTRAL WASHINGTON UNIVERSITY PURPOSE: SCHOLARSHIPS | $15,000 |
EASTERN WASHINGTON UNIVERSITY PURPOSE: UNIVERSITY SUPPORT | $30,000 |
EASTERN WASHINGTON UNIVERSITY PURPOSE: SCHOLARSHIPS | $52,353 |