Dovenberg Family Foundation
- Assets
- $577.9k
- Revenue
- $59.6k
- Investments
- $540.6k
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 06/2004
- Data as of
- 12/2021
- 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 12/2021, Dovenberg Family Foundation generated $59.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $56.5k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Dovenberg Family Foundation has awarded 24 individual grants totaling $128,696. 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
2021
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 | $10,000 |
| Interest on Savings | $219 |
| Dividends & Interest | $20,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,299 |
| Capital Gain Net Income | $29,299 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,589 |
| 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 | $8,638 |
| Contributions, gifts, grants paid | $47,835 |
| Total expenses and disbursements | $56,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,814 |
| Savings and temporary cash investments | $21,515 |
| 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 | $19,436 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $577,900 |
| Accounts payable and accrued expenses | $3,177 |
| 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 | $3,177 |
Grants Awarded
Over the last fiscal year, Dovenberg Family Foundation has awarded $47,835 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND HARVEST HEARTLAND PURPOSE: FIGHT HUNGER | $10,000 |
INTERFAITH OUTREACH PURPOSE: COMMUNITY OUTREACH | $9,856 |
Trumbull, CT PURPOSE: HOCKEY FOR DISABLED CHILDREN | $8,000 |
TOYS FOR TOTS PURPOSE: TOYS FOR CHILDREN | $6,108 |
Roseville, MN PURPOSE: FIGHT CHILDHOOD HUNGER | $4,000 |
Missoula, MT PURPOSE: PUBLIC LANDS CONSERVATION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |
The Ceres Trust Milwaukee, WI | $8,473,497 | $7,541,315 |
New Jci Foundation Inc Milwaukee, WI | $45,616,522 | $3,307,387 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Hall-Perrine Foundation Cedar Rapids, IA | $140,581,654 | $14,980,430 |
Dohmen Company Foundation Inc Milwaukee, WI | $0 | $9,439,356 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Mead Witter Foundation Inc Wisconsin Rapids, WI | $51,357,757 | $5,357,467 |
Comer Science And Education Foundation Waukesha, WI | $78,906,538 | $1,965,731 |