Sandve Heritage Foundation
- Assets
- $838.9k
- Revenue
- $20.0k
- Investments
- $774.3k
- Employees
- 0
- Location
- Lake Park, IA
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 81-2089562
Organization Overview
Sandve Heritage Foundation is located in Lake Park, IA. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Sandve Heritage 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 12/2023, Sandve Heritage Foundation generated $20.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (34.8%) each year. All expenses for the organization totaled $42.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sandve Heritage Foundation has awarded 112 individual grants totaling $272,447. 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 |
|---|---|---|---|
Carol A Sandve Director/presid | 0 | $0 | |
Heidi Hansen Director/sec | 0 | $0 | |
Sandra Krout Director/treas | 0 | $0 | |
Dan Winterfeld Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $19,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $19,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $188 |
| Total operating and administrative expenses | $6,231 |
| Contributions, gifts, grants paid | $36,050 |
| Total expenses and disbursements | $42,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,622 |
| Savings and temporary cash investments | $62,908 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $838,870 |
| 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, Sandve Heritage Foundation has awarded $36,050 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CLIENT COMMUNITY SERVICES PURPOSE: SERVICE TO ADULTS WITH DISABILITIES | $250 |
JCC EDUCATION FOUNDATION PURPOSE: SCHOLARSHIPS TO STUDENTS | $20,000 |
JACKSON FIRE DEPARTMENT PURPOSE: EQIPMENT | $1,750 |
WINDOM AREA HOSPITAL FOUNDATION PURPOSE: SCHOLARSHIPS FOR LOCAL STUDENTS WHO ARE INTERESTED IN PURSUING A CAREER IN A HEALTHCARE FIELD | $1,100 |
SUNSET COTTAGE HOSPICE WORTHINGTON PURPOSE: HOSPICE CARE | $1,100 |
JACKSON FOOD SHELF INC PURPOSE: SHORT TERM FOOD ASSISTANCE | $1,000 |