Satterberg Foundation
- Assets
- $426.9m
- Revenue
- $10.7m
- Investments
- $417.0m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 02/1991
- Data as of
- 12/2017
- EIN
- 91-1501066
Organization Overview
Satterberg Foundation is located in Seattle, WA. The organization was established in 1991. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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.
For the year ending 12/2017, Satterberg Foundation generated $10.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $23.5m during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Walczyk Exec. Director | 40 | $153,390 | |
C'ardiss Gardner-Gleser Program Officer | 40 | $94,918 | |
Brian Zongolowicz Program Officer | 40 | $91,963 | |
Anne C Miceli Program Officer | 40 | $91,889 | |
Judy Pigott Secretary/director | 1 | $0 | |
Frank Helsell Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles Schwabfulcrum Capital | 12/30/17 | $81,311 |
Fidelity Investmentsthreshold Group | 12/30/17 | $117,146 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,205 |
| Dividends & Interest | $9,483,470 |
| Net Rental Income | $54,075 |
| Net Gain on Sale of Assets | $1,197,997 |
| Capital Gain Net Income | $1,197,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$26,358 |
| Total Revenue | $10,726,066 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $153,390 |
| Other employee salaries and wages | $352,898 |
| Pension plans, employee benefits | $106,060 |
| Interest | $0 |
| Taxes | $109,271 |
| Depreciation | $17,578 |
| Occupancy | $70,042 |
| Travel, conferences, and meetings | $127,848 |
| Printing and publications | $0 |
| Other expenses | $211,674 |
| Total operating and administrative expenses | $1,459,881 |
| Contributions, gifts, grants paid | $22,027,783 |
| Total expenses and disbursements | $23,487,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,571,362 |
| Savings and temporary cash investments | $5,400,478 |
| 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 | $650,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,216,178 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,125,937 |
| Net Land, buildings, and equipment | $29,340 |
| Other assets | $0 |
| Total assets | $426,908,194 |
| 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, Satterberg Foundation has awarded $22,027,783 in support to 216 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: GENERAL SUPPORT | $1,018,020 |
Los Angeles, CA PURPOSE: COMMUNITY PARTNERSHIPS- PROPOSAL NARRATIVE | $1,000,902 |
Seattle, WA PURPOSE: COMMUNITY PARTNERSHIP- PHILANTHROPY EFFECTIVENESS PROJECT | $1,000,902 |
San Francisco, CA PURPOSE: COMMUNITY PARTNERSHIPS- CLEAN ENERGY IN CALIFORNIA | $1,000,000 |
SAN DIEGO GRANTMAKERS PURPOSE: COMMUNITY PARTNERSHIPS- GENERAL OPERATING SUPPORT | $987,086 |
Los Angeles, CA PURPOSE: COMMUNITY PARTNERSHIPS- FUND FOR CHANGE PROGRAM | $800,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Satterberg Foundation Seattle, WA | $426,908,194 | $10,726,066 |
Washington Charter School Development Inc Seattle, WA | $76,480,111 | $3,930,979 |
The Foraker Group Anchorage, AK | $4,821,068 | $6,662,211 |
Mission Increase Tigard, OR | $534,153 | $6,328,375 |
Children Of The Setting Sun Productions Bellingham, WA | $452,671 | $845,692 |
Keystone Accountability Inc Tacoma, WA | $2,717 | $443,061 |
Keller Foundation Vancouver, WA | $4,872,100 | $631,529 |
Chair The Hope Inc Meridian, ID | $26,368 | $0 |
Grow Seattle, WA | $1,532,215 | $285,395 |
Society Of St Vincent De Paul District Council Of The Columbia Brush Prairie, WA | $83,841 | $0 |
Washinton Schoolgirls Lacross Associates Seattle, WA | $30,892 | $211,234 |
Mount Vernon-Skajit Rotary Charitable Association Mount Vernon, WA | $302,477 | $198,286 |