Surack Family Foundation Inc
- Assets
- $87.5m
- Revenue
- -$1.7m
- Investments
- $82.6m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- Data as of
- 12/2022
- EIN
- 87-1894981
Organization Overview
Surack Family Foundation Inc is located in Fort Wayne, IN. 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. Surack Family 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.
Since 2021, Surack Family Foundation Inc has awarded 190 individual grants totaling $16,585,600. 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 |
|---|---|---|---|
Charles J Surack President | 3 | $0 | |
Lisa M Surack Secretary | 2 | $0 | |
John M Hopkins Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,312,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,980,337 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,668,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,581 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,868 |
| Total operating and administrative expenses | $190,374 |
| Contributions, gifts, grants paid | $13,634,600 |
| Total expenses and disbursements | $13,824,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,498,539 |
| Savings and temporary cash investments | $1,421,220 |
| 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 | $307,756 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $87,543,590 |
| Accounts payable and accrued expenses | $4,502,525 |
| 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 | $4,502,525 |
Grants Awarded
Over the last fiscal year, Surack Family Foundation Inc has awarded $13,634,600 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
A MOTHER'S HOPE PURPOSE: AMH DIAMOND GALA | $1,000 |
AFP NORTHEAST INDIANA CHAPTER PURPOSE: RED HEART SPONSOR | $1,000 |
ALIVE COMMUNITY OUTREACH PURPOSE: FOUNDATION CONTRIBUTION | $15,000 |
AMERICAN HEART ASSOCIATION PURPOSE: HW F22 & GALA S22 | $12,500 |
AMERICA'S FREEDOM FEST PURPOSE: 2022 ROTORS & RIBS HEADLINE EVENT SP | $15,000 |
ARTS UNITED OF GREATER FORT WAYNE PURPOSE: DONATION | $10,000 |