Engelstad Fam Foundation
- Assets
- $826.9m
- Revenue
- $53.7m
- Investments
- $768.1m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 06/2002
- Data as of
- 12/2022
- 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. Engelstad Fam 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, Engelstad Fam Foundation generated $53.7m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $78.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Engelstad Fam Foundation has awarded 458 individual grants totaling $190,259,823. 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 Engelstad Ceo/trustee | 40 | $400,000 | |
Jeffrey Cooper Cfo/trustee | 30 | $400,000 | |
Sean Mcgarry Investment Director/trustee | 40 | $155,000 | |
Erin Mcgarry Chief Granting Officer | 40 | $66,154 | |
Denise White Executive Assistant | 40 | $150,000 | |
Richard L Bass Jr Administrative Assis | 40 | $105,833 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jgs Group | 12/30/22 | $698,872 |
W Craig Ramos Ltd | 12/30/22 | $245,906 |
The Firm | 12/30/22 | $81,316 |
Fabian Vancott | 12/30/22 | $184,727 |
Rubinbrown Llp | 12/30/22 | $76,206 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,467 |
| Dividends & Interest | $17,042,932 |
| Net Rental Income | -$7,579,797 |
| Net Gain on Sale of Assets | $34,827,969 |
| Capital Gain Net Income | $34,827,969 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,694,772 |
| Total Revenue | $53,710,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,021,154 |
| Other employee salaries and wages | $411,442 |
| Pension plans, employee benefits | $142,103 |
| Interest | $1,484,530 |
| Taxes | $686,082 |
| Depreciation | $389,474 |
| Occupancy | $119,927 |
| Travel, conferences, and meetings | $635,942 |
| Printing and publications | $0 |
| Other expenses | $11,502,038 |
| Total operating and administrative expenses | $26,360,426 |
| Contributions, gifts, grants paid | $52,007,432 |
| Total expenses and disbursements | $78,367,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,049,398 |
| 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 | $65,764 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $13,087,404 |
| Investments—mortgage loans | $1,725,796 |
| Investments—other | $20,733,914 |
| Net Land, buildings, and equipment | $11,650,294 |
| Other assets | $0 |
| Total assets | $826,907,501 |
| 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 | $46,166,153 |
| Total liabilities | $46,166,153 |
Grants Awarded
Over the last fiscal year, Engelstad Fam Foundation has awarded $52,007,432 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
CANDLELIGHTERS FOR CHILDHOOD CANCER PURPOSE: PROGRAM SUPPORT | $287,000 |
COMMUNITY VIOLENCE INTERVENTION CENTER PURPOSE: PROGRAM SUPPORT | $500,000 |
CAPABILITY HEALTH AND HUMAN SERVICES PURPOSE: PROGRAM SUPPORT | $150,000 |
CLEVELAND CLINIC PURPOSE: PROGRAM SUPPORT | $167,000 |
CROHN'S & COLITIS FOUNDATION OF AMERICA PURPOSE: PROGRAM SUPPORT | $50,000 |
A SOURCE OF JOY THEATRICALS - BROADWAY IN THE HOOD PURPOSE: PROGRAM SUPPORT | $495,000 |