Schlessman Foundation Inc
- Assets
- $82.6m
- Revenue
- $9.1m
- Investments
- $80.2m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 11/1958
- Data as of
- 03/2022
- EIN
- 84-6030309
Organization Overview
Schlessman Foundation Inc is located in Denver, CO. The organization was established in 1958. 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. Schlessman Foundation Inc 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 03/2022, Schlessman Foundation Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $9.9m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Schlessman Foundation Inc has awarded 983 individual grants totaling $26,934,079. 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 |
|---|---|---|---|
Eric Bennett Treasurer | 1 | $0 | |
Jennifer Bonicelli Secretary | 1 | $0 | |
Gary Schlessman Vice President | 1 | $0 | |
Lauren Watel President | 1 | $0 | |
Margaret Schlessman Emmerich Trustee | 1 | $0 | |
Michael D Fredericks Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,750,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,428,381 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,921,553 |
| Capital Gain Net Income | $4,921,553 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,763 |
| Total Revenue | $9,127,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $55,538 |
| Pension plans, employee benefits | $3,641 |
| Interest | $0 |
| Taxes | $79,500 |
| Depreciation | $0 |
| Occupancy | $417 |
| Travel, conferences, and meetings | $1,042 |
| Printing and publications | $0 |
| Other expenses | $1,022,783 |
| Total operating and administrative expenses | $1,372,812 |
| Contributions, gifts, grants paid | $8,529,096 |
| Total expenses and disbursements | $9,901,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,313,723 |
| 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 | $136,422 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,975,853 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $82,645,895 |
| 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, Schlessman Foundation Inc has awarded $5,657,083 in support to 139 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY CONNECTION COLORADO PURPOSE: GENERAL OPERATIONS | $7,500 |
ADAMS COUNTY EMERGENCY FOOD BANK PURPOSE: GENERAL OPERATIONS | $15,000 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATIONS | $12,500 |
ANCHOR CENTER FOR BLIND CHILDREN PURPOSE: GENERAL OPERATIONS | $10,000 |
ARCHWAY HOUSING AND SERVICES PURPOSE: GENERAL OPERATIONS | $7,500 |
AUDIO INFORMATION NETWORK OF COLORADO PURPOSE: GENERAL OPERATIONS | $6,000 |