Dovenberg Family Foundation
- Assets
- $627.8k
- Revenue
- $97.7k
- Investments
- $586.3k
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 06/2004
- Data as of
- 12/2022
- EIN
- 20-0492387
Organization Overview
Dovenberg Family Foundation is located in Wayzata, MN. The organization was established in 2004. 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. Dovenberg Family 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, Dovenberg Family Foundation generated $97.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.7% each year . All expenses for the organization totaled $42.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Dovenberg Family Foundation has awarded 38 individual grants totaling $163,018. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Dovenberg VP & Treasurer | 0.2 | $0 | |
Kirsten A Dovenberg VP & Secretary | 0.2 | $0 | |
Jean Marie Dovenberg President And Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,020 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,601 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,106 |
| Capital Gain Net Income | $56,106 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,727 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $7,815 |
| Contributions, gifts, grants paid | $34,282 |
| Total expenses and disbursements | $42,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,715 |
| Savings and temporary cash investments | $29,754 |
| 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 | $39,167 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $627,762 |
| 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, Dovenberg Family Foundation has awarded $34,322 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
INTERFAITH OUTREACH PURPOSE: FAMILY SUPPORT FOOD HOUSING AND TRANSPORTATION | $3,852 |
SOUTHERN CT STORM SPECIAL HOCKEY PURPOSE: HOCKEY FOR DISABLED CHILDREN | $5,000 |
SECOND HARVEST HEARTLAND PURPOSE: FIGHT HUNGER | $1,670 |
MEALS ON WHEELS PURPOSE: MEALS TO VULNERABLE PEOPLE | $1,670 |
COOKIE CART PURPOSE: TRAINING TEENS OF COLOR IN NONPROFIT BAKERIES | $1,670 |
BE THE MATCH FOUNDATION PURPOSE: BONE MARROW TRANSPLANT PATIENT ASSISTANCE | $1,000 |