Michael R Sadler Foundation
- Assets
- $261.7k
- Revenue
- $57.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Rapids, MI
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-3567258
Organization Overview
Michael R Sadler Foundation is located in Grand Rapids, MI. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael R Sadler 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, Michael R Sadler Foundation generated $57.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $101.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MICHAEL SADLER FOUNDATION INSPIRES AND EMPOWERS STUDENTS TO REALIZE THEIR INDIVIDUAL POTENTIAL WITH STRONG CHARACTER THROUGH COMMUNITY PROGRAMS, AWARDS AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIKE SADLER SPECIALIST CAMP - THIS ANNUAL COMMUNITY GIVE BACK EVENT IS AN OPPORTUNITY FOR ASPIRING FOOTBALL KICKERS, PUNTERS AND LONG SNAPPERS TO GET ONE ON ONE PROFESSIONAL TRAINING AT AN EXCEPTIONALLY LOW COST. NEED BASED SCHOLARSHIPS ARE AVAILABLE SO ALL INTERESTED STUDENT ATHLETES CAN ATTEND. A PORTION OF THIS CAMP IS DEVOTED TO COACHES SHARING REAL LIFE EXAMPLES OF HOW MIKE SADLER BUILT HIS LEGACY AROUND SIX PILLARS THAT DEVELOP STRONG CHARACTER AS A MODEL FOR CAMPERS TO USE IN BUILDING THEIR OWN LEGACIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen L Sadler President | OfficerTrustee | 40 | $0 |
Jim Cotter Vice President/interim Secretary | OfficerTrustee | 4 | $0 |
Mindy Buell Board Member | Trustee | 2 | $0 |
Mark Dantonio Board Member | Trustee | 2 | $0 |
Shane Bullough Board Member | Trustee | 2 | $0 |
Darqueeze Dennard Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,830 |
| Total Program Service Revenue | $0 |
| Investment income | $515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,369 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,741 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,008 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $218 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $101,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,324 |
| Savings and temporary cash investments | $75,378 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $261,702 |
| Accounts payable and accrued expenses | $2,543 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,543 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $261,702 |
Grants Awarded
Over the last fiscal year, Michael R Sadler Foundation has awarded $55,008 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOREST HILLS NORTHERN HIGH SCHOOL PURPOSE: Student Scholarship | $5,008 |
NATIONAL FOOTBALL FOUNDATION PURPOSE: NFF Endowed Scholarship | $50,000 |