Robert Sonsteng Foundation
- Assets
- $7.7m
- Revenue
- $185.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Benson, MN
- Founding
- Data as of
- 12/2021
- EIN
- 81-1933218
Organization Overview
Robert Sonsteng Foundation is located in Benson, MN. 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. Robert Sonsteng Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Robert Sonsteng Foundation has awarded 15 individual grants totaling $501,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVE, REVIEW AND ACT UPON APPLICATIONS FOR GRANTS FROM QUALIFYING ORGANIZATIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald A Wilcox Director/ceo | 2 | $0 | |
Benjamin R Wilcox Director/sec | 0.5 | $0 | |
Steven Nelson VP | 0.5 | $0 | |
Scott Nelson Director | 0.5 | $0 | |
Darrin Nelson Director | 0.5 | $0 | |
Anthony Hilleren Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,305 |
| Dividends & Interest | $90,711 |
| Net Rental Income | $40,505 |
| Net Gain on Sale of Assets | $1,085 |
| Capital Gain Net Income | $1,085 |
| Net ST Capital Gain | $82 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $185,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,822 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,543 |
| Total operating and administrative expenses | $48,701 |
| Contributions, gifts, grants paid | $176,500 |
| Total expenses and disbursements | $225,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,307 |
| 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 | $750,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $5,721,649 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,706,786 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $325,000 |
| 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 | $325,000 |
Grants Awarded
Over the last fiscal year, Robert Sonsteng Foundation has awarded $501,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
SWIFT COUNTY FAIR ASSOC PURPOSE: SUPPORT OF SWIFT CTY FAIR OPERATIONS | $15,000 |
OUR REDEEMER'S LUTHERAN CHURCH PURPOSE: SOUND SYSTEM EXPENSE | $10,000 |
BENSON AREA CARES 4 KIDS PURPOSE: SCHOOL CHILDREN NUTRITION PROGRAM | $12,000 |
EAST ZION LUTHERAN CHURCH PURPOSE: PROPERTY MAINTENANCE | $10,000 |
FFA ALUMNIBOOSTERS PURPOSE: SUPPORT FFA PROGRAMS | $5,000 |
PRAIRIE FIVE CAC PURPOSE: FOOD SHELF SUPPORT | $5,000 |