Steven Sabes Foundation
- Assets
- $508.0k
- Revenue
- $100.7k
- Investments
- $479.1k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2021
- EIN
- 85-4196475
Organization Overview
Steven Sabes Foundation is located in Minneapolis, MN. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Steven Sabes 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 12/2021, Steven Sabes Foundation generated $100.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (51.6%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Sabes President | 0 | $0 | |
Maggie O'gara Vice President | 0 | $0 | |
Lauren Sabes Secretary | 0 | $0 | |
Natalie Sabes Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $93,435 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,277 |
| Capital Gain Net Income | $1,277 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,749 |
| 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 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,525 |
| Contributions, gifts, grants paid | $20,500 |
| Total expenses and disbursements | $33,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,914 |
| Savings and temporary cash investments | $0 |
| 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 | $479,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $507,989 |
| Accounts payable and accrued expenses | $9,500 |
| 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 | $9,500 |
Grants Awarded
Over the last fiscal year, Steven Sabes Foundation has awarded $20,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE OCEAN CLEANUP PURPOSE: DEVELOPING AND SCALING TECHNOLOGIES TO RID THE OCEANS OF PLASTIC. | $5,000 |
St Paul, MN PURPOSE: PROVIDE CULTURALLY-SPECIFIC EMERGENCY SERVICES AND SUPPORT TO ALL WHO HAVE EXPERIENCED DOMESTIC VIOLENCE AND SEXUAL ASSULT. | $3,000 |
Hopkins, MN PURPOSE: PROVIDES STUDENTS THE OPPORTUNITIES TO EXCEL IN AND OUTSIDE OF THE CLASSROOM AND GIVES TEACHERS THE TOOLS AND KNOWLEDGE TO TRANSFER THEIR LOVE OF LEARNING TO STUDENTS. | $2,500 |
MICROGRANTS PURPOSE: TO SPUR ECONOMIC SELF-SUFFIENCY BY GIVING STRATEGIC GRANTS TO LOW-INCOME PEOPLE OF POTENTIAL. | $2,500 |
WILDER FOUNDATION PURPOSE: PROMOTE SOCIAL WELFARE INCLUDING: RELIEF OF THE POOR, CARE OF THE SICK AND AGED, CARE AND NURTURE OF CHILDREN, AID OF THE DISADVANTAGED AND OTHERWISE NEEDY, PROMOTION OF PHYSICAL AND MENTAL HEALTH, SUPPORT OF REHABILITATION AND CORRECTIONS, PROVISION OF NEEDED HOUSING AND SOCIAL SERVICES, OPERATION OF RESIDENCES AN DFACILITIES FOR THE AGED, THE INFIRM AND THOSE REQUIRING SPECIAL CARE. | $2,500 |
Long Lake, MN PURPOSE: RESCUE AND REHABILITATE FARM ANIMALS WHILE PROMOTING COMPASSIONATE LIVING. | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |
K A H R Foundation Minnetrista, MN | $0 | $2,779,843 |
The Mortenson Family Foundation Minneapolis, MN | $135,941,290 | $34,670,895 |
Northeast Entrepreneur Fund Inc Duluth, MN | $61,578,010 | $11,454,205 |
Easter Foundation Inc De Pere, WI | $48,221,315 | $14,319,286 |
John Ruan Foundation Trust Urbandale, IA | $110,876,833 | $7,230,015 |
Wem 2000 Foundation Minneapolis, MN | $94,111,129 | $6,290,419 |
Ashley Charitable Foundation Ltd Arcadia, WI | $13,824,381 | $199,581 |