Njr Foundation
- Assets
- $2.2m
- Revenue
- $159.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 05-0559879
Organization Overview
Njr Foundation is located in Minnetonka, MN. The organization was established in 2003. 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. Njr 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 12/2022, Njr Foundation generated $159.7k 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 (26.8%) each year. All expenses for the organization totaled $95.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Njr Foundation has awarded 51 individual grants totaling $288,500. 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 |
|---|---|---|---|
Neil Rauenhorst President/director | 10 | $0 | |
Becky Rauenhorst Treasurer/director | 10 | $0 | |
Natalie Gomez Secretary/treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,264 |
| Net Rental Income | $13,396 |
| Net Gain on Sale of Assets | $132,048 |
| Capital Gain Net Income | $132,048 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $159,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $878 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,229 |
| Contributions, gifts, grants paid | $89,750 |
| Total expenses and disbursements | $94,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $927,552 |
| 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 | $20,905 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $826,491 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $34,149 |
| Total assets | $2,207,572 |
| 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 | $36 |
| Total liabilities | $36 |
Grants Awarded
Over the last fiscal year, Njr Foundation has awarded $115,250 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF THE HOLY NAMES PURPOSE: LWH MEMORIAL FUND | $10,000 |
TAMPA BAY HISTORY CENTER PURPOSE: 2023 GALA | $10,000 |
CHRIST THE KING CATHOLIC CHURCH PURPOSE: OPERATING FUND | $1,000 |
ST PAUL CATHOLIC CHURCH PURPOSE: 2022 MSGR CHOICE | $10,000 |
TELLURIDE MEDICAL CENTER FDTN PURPOSE: 2023 CAPITAL NEEDS | $5,000 |
ST THOMAS ACADEMY PURPOSE: 2023 ANNUAL FUND | $2,000 |