Volkswagen-Stiftung
- Assets
- $4.2b
- Revenue
- $424.1m
- Investments
- $4.1b
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 52-1690493
Organization Overview
Volkswagen-Stiftung is located in Salt Lake City, UT. The organization was established in 1990. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Volkswagen-Stiftung 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, Volkswagen-Stiftung generated $424.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $304.2m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 4 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
THE FOUNDATION WAS INVOLVED IN CARRYING ON APPROXIMATELY 42 SCIENTIFIC OR ACADEMIC CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Georg Schuette Sec'y Gen | 40 | $269,802 | |
Prof Dr Thomas Carell Trustee | 1 | $0 | |
Prof Dr Cornelia Denz Trustee | 1 | $0 | |
Hiltrud Werner Trustee | 1 | $0 | |
Prof Dr Claudia Eckert Trustee | 1 | $0 | |
Elke Hannack Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ernst & Young Gmbh | 12/30/21 | $142,154 |
Schloss Herrenhausen Gmbh | 12/30/21 | $1,991,338 |
Cancom Gmbh | 12/30/21 | $647,274 |
Novacapta Gmbh | 12/30/21 | $261,897 |
Systemhaus Krick Gmbh & Co Kg | 12/30/21 | $202,022 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $300,695,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $123,421,715 |
| Total Revenue | $424,116,790 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $355,536 |
| Other employee salaries and wages | $13,874,247 |
| Pension plans, employee benefits | $0 |
| Interest | $23,039 |
| Taxes | $1,544,881 |
| Depreciation | $628,983 |
| Occupancy | $326,570 |
| Travel, conferences, and meetings | $41,505 |
| Printing and publications | $0 |
| Other expenses | $6,689,774 |
| Total operating and administrative expenses | $25,802,783 |
| Contributions, gifts, grants paid | $278,422,394 |
| Total expenses and disbursements | $304,225,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,666,753 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $20,682,400 |
| 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 | $292,945 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,542,546,760 |
| Net Land, buildings, and equipment | $3,710,958 |
| Other assets | $0 |
| Total assets | $4,170,219,233 |
| Accounts payable and accrued expenses | $567,281 |
| Grants payable | $743,223,754 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $49,311,478 |
| Total liabilities | $793,102,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Volkswagen-Stiftung Salt Lake City, UT | $4,170,219,233 | $424,116,790 |
Charter Fund Inc Broomfield, CO | $606,047,129 | $251,921,544 |
Anschutz Foundation Denver, CO | $0 | $131,519,142 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
The Ray And Tye Noorda Foundation Lindon, UT | $188,322,162 | $42,549,813 |
Colorado Trust Denver, CO | $0 | $33,250,092 |
Bohemian Foundation Fort Collins, CO | $90,098,504 | $41,050,944 |
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Liana Foundation Inc Jackson, WY | $99,821,769 | $1,410,375 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
The Caesars Foundation Las Vegas, NV | $826,760 | $3,036,101 |
Con Alma Health Foundation Santa Fe, NM | $33,283,264 | $4,439,981 |