Brad Sethness Foundation
- Assets
- $4.1m
- Revenue
- $135.4k
- Investments
- $4.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-2683469
Organization Overview
Brad Sethness Foundation is located in Chicago, IL. The organization was established in 2019. 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. Brad Sethness 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, Brad Sethness Foundation generated $135.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $320.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Brad Sethness Foundation has awarded 84 individual grants totaling $1,080,800. 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 |
|---|---|---|---|
Randall Romei Secretary/dir | 0.1 | $0 | |
Daniel B Sethness President/dir | 0.1 | $0 | |
Marilyn B Sethness Vice Pres/dir | 0.1 | $0 | |
Marina M Sethness Treasurer/dir | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $750 |
| Dividends & Interest | $106,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,444 |
| Capital Gain Net Income | $28,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $135,422 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,493 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,436 |
| Total operating and administrative expenses | $54,419 |
| Contributions, gifts, grants paid | $265,800 |
| Total expenses and disbursements | $320,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,833 |
| 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 | $2,172,488 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,125,242 |
| 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, Brad Sethness Foundation has awarded $265,800 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BEAN'S CAFE THE CHILDRENS LUNCHBOX PURPOSE: UNRESTRICTED - $15,000HOLIDAY MEAL WISH LIST - $800 | $15,800 |
BOB FINCH MEMORIAL FUND PURPOSE: UNRESTRICTED | $10,000 |
CRESTED BUTTE AVALANCHE CENTER PURPOSE: UNRESTRICTED | $30,000 |
CURTIS MANSION FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
GATEWAY CONTEMPORARY BALLET PURPOSE: UNRESTRICTED | $5,000 |
MISS HALLS SCHOOL PURPOSE: UNRESTRICTED | $25,000 |