Engelstad Fam Foundation
- Assets
- $799.4m
- Revenue
- $59.1m
- Investments
- $761.1m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 06/2002
- Data as of
- 12/2019
- EIN
- 80-6008137
Organization Overview
Engelstad Fam Foundation is located in Las Vegas, NV. The organization was established in 2002. 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.
For the year ending 12/2019, Engelstad Fam Foundation generated $59.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $76.9m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Engelstad Fam Foundation has awarded 132 individual grants totaling $66,006,564. 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 |
|---|---|---|---|
Kris Mcgarry Vice President/trustee | 30 | $175,000 | |
Jeffrey Cooper Treasurer/trustee | 30 | $175,000 | |
Sean Mcgarry Assistant Trustee | 20 | $60,000 | |
Betty Engelstad President/trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jgs Group | 12/30/19 | $97,877 |
Fabian Vancott | 12/30/19 | $70,288 |
W Craig Ramos Ltd | 12/30/19 | $162,533 |
Rubinbrown Llp | 12/30/19 | $72,020 |
The Firm | 12/30/19 | $67,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $83,985 |
| Dividends & Interest | $16,490,329 |
| Net Rental Income | $664,206 |
| Net Gain on Sale of Assets | $39,337,117 |
| Capital Gain Net Income | $39,337,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,222,490 |
| Total Revenue | $59,109,744 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $410,000 |
| Other employee salaries and wages | $188,491 |
| Pension plans, employee benefits | $98,902 |
| Interest | $859,783 |
| Taxes | $510,816 |
| Depreciation | $14,443 |
| Occupancy | $116,618 |
| Travel, conferences, and meetings | $19,440 |
| Printing and publications | $0 |
| Other expenses | $347,452 |
| Total operating and administrative expenses | $10,907,151 |
| Contributions, gifts, grants paid | $66,006,564 |
| Total expenses and disbursements | $76,913,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,612,073 |
| 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 | $28,573,315 |
| Investments—mortgage loans | $2,725,796 |
| Investments—other | $11,591,274 |
| Net Land, buildings, and equipment | $3,072,323 |
| Other assets | $29,618 |
| Total assets | $799,432,969 |
| Accounts payable and accrued expenses | $6 |
| 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 | $18,000,000 |
| Total liabilities | $18,000,006 |
Grants Awarded
Over the last fiscal year, Engelstad Fam Foundation has awarded $66,006,564 in support to 132 organizations.
| Grant Recipient | Amount |
|---|---|
Walnut Creek, CA PURPOSE: PROGRAM SUPPORT | $9,000,000 |
CRISTO REY ST VIATOR COLLEGE PREPARATORY PURPOSE: PROGRAM SUPPORT | $7,100,000 |
LEGAL AID CENTER OF SOUTHERN NEVADA PURPOSE: PROGRAM SUPPORT | $6,819,971 |
OPPORTUNITY VILLAGE PURPOSE: PROGRAM SUPPORT | $5,000,000 |
RALPH ENGELSTAD ARENA PURPOSE: PROGRAM SUPPORT | $4,042,409 |
UNLV FOUNDATION PURPOSE: PROGRAM SUPPORT | $3,294,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Engelstad Fam Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Feeding Pets Of The Homeless Carson City, NV PURPOSE: VETERINARY CARE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The California Endowment Los Angeles, CA | $3,446,801,045 | $280,955,609 |
Conrad N Hilton Foundation Agoura Hills, CA | $4,101,713,350 | $963,893,294 |
Good Ventures Foundation Palo Alto, CA | $3,336,254,185 | $1,237,792,121 |
Sergey Brin Family Foundation San Francisco, CA | $0 | $196,006,742 |
James Irvine Foundation San Francisco, CA | $2,606,961,983 | $106,811,064 |
Columbia Lutheran Charities Astoria, OR | $179,724,242 | $148,283,851 |
Tosa Foundation Portola Valley, CA | $602,851,213 | $74,662,846 |
Scully Memorial Foundation Mill Valley, CA | $0 | $177,202,304 |
Broad Foundation Los Angeles, CA | $1,846,960,427 | $168,915,423 |
Engelstad Fam Foundation Las Vegas, NV | $799,432,969 | $59,109,744 |
S D Bechtel Jr Foundation San Francisco, CA | $67,419,693 | $6,476,129 |
Henry J Kaiser Family Foundation San Francisco, CA | $735,632,115 | $53,799,622 |