Saccomanno Higher Education Foundation
- Assets
- $15.0m
- Revenue
- $1.5m
- Investments
- $14.8m
- Employees
- 0
- Location
- Grand Junction, CO
- Founding
- 06/1991
- Data as of
- 06/2022
- EIN
- 84-1164982
Organization Overview
Saccomanno Higher Education Foundation is located in Grand Junction, CO. The organization was established in 1991. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Saccomanno Higher Education 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 06/2022, Saccomanno Higher Education Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Saccomanno Higher Education Foundation has awarded 245 individual grants totaling $6,869,358. 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 |
|---|---|---|---|
Lenna Watson President | 5 | $0 | |
Karen Bland Director | 2 | $0 | |
Jay Seaton Director | 2 | $0 | |
Greg Dart Director | 2 | $0 | |
John Marshall Director | 2 | $0 | |
Terrance Farina Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,975 |
| Interest on Savings | $0 |
| Dividends & Interest | $260,680 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,192,770 |
| Capital Gain Net Income | $1,192,770 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,459,425 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,748 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,112 |
| Printing and publications | $0 |
| Other expenses | $10,080 |
| Total operating and administrative expenses | $132,949 |
| Contributions, gifts, grants paid | $875,754 |
| Total expenses and disbursements | $1,008,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,464 |
| 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 | $12,541,663 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,976,094 |
| 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, Saccomanno Higher Education Foundation has awarded $1,931,974 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS AWARDED 20222023 SCHOOL YEAR PURPOSE: EDUCATION | $1,000,000 |
COLORADO MESA UNIVERSITY PURPOSE: EDUCATION | $385,680 |
UNIVERSITY OF UTAH PURPOSE: EDUCATION | $66,700 |
COLORADO MESA UNIVERSITY PURPOSE: SACCOMANNO INTERNSHIP PROGRAM IN BIOLOGICAL RESEARCH (SIPBR) FOR THE 2022/2023 SCHOOL YEAR | $56,220 |
UNIVERSITY OF COLORADO - BOULDER PURPOSE: EDUCATION | $44,250 |
UTAH STATE UNIVERSITY EASTERN PURPOSE: EDUCATION | $41,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Envision Xpress Inc Wichita, KS | $21,582,294 | $13,602,741 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Kansas State Newman Foundation Manhattan, KS | $3,619,556 | $4,925,097 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Friends Of Guadalupe Salt Lake City, UT | $991,216 | $160,574 |
Rockley Family Foundation Inc Golden, CO | $1,094,070 | $6,767,758 |
Castle Rock Lifelong Learning Center Castle Rock, CO | $14,698,293 | $9,801,652 |
Osteopathic Medical Education Consortium Of Oklahoma Inc Tulsa, OK | $3,495,258 | $6,319,915 |
James Megellas Foundation Inc Scottsdale, AZ | $68,107,616 | $5,113,659 |
Steamboat Springs Education Fund Steamboat Springs, CO | $4,415,852 | $5,543,622 |