Edson & Margaret Larson Foundation
- Assets
- $51.8m
- Revenue
- $4.9m
- Investments
- $37.5m
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 04/2011
- Data as of
- 12/2022
- EIN
- 27-1507358
Organization Overview
Edson & Margaret Larson Foundation is located in Grand Forks, ND. The organization was established in 2011. 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. Edson & Margaret Larson 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, Edson & Margaret Larson Foundation generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Edson & Margaret Larson Foundation has awarded 40 individual grants totaling $5,728,000. 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 |
|---|---|---|---|
Douglas A Christensen President | 2 | $15,000 | |
Andrew B Kjos Secretary/treasurer | 1 | $15,000 | |
Julie A Barner Trustee | 0.5 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,866 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,795,899 |
| Net Rental Income | $351,308 |
| Net Gain on Sale of Assets | $2,263,490 |
| Capital Gain Net Income | $2,263,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $355,249 |
| Total Revenue | $4,929,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250,782 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,988 |
| Total operating and administrative expenses | $507,590 |
| Contributions, gifts, grants paid | $2,575,500 |
| Total expenses and disbursements | $3,083,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $872,131 |
| 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 | $13,422,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,922,311 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,781,835 |
| 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, Edson & Margaret Larson Foundation has awarded $2,575,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDIA COLLEGE PURPOSE: SCHOLARSHIPS AND LEADERSHIP PROGRAM. | $130,000 |
DICKINSON STATE UNIVERSITY HERITAGE FOUNDATION PURPOSE: SCHOLARSHIPS AND LEADERSHIP PROGRAM. | $250,000 |
MAYVILLE STATE UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIPS AND LEADERSHIP PROGRAM. | $200,000 |
MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION PURPOSE: SCHOLARSHIPS AND LEADERSHIP PROGRAM. | $125,500 |
NORTH DAKOTA STATE COLLEGE OF SCIENCE AND ALUMNI FOUNDATION PURPOSE: SCHOLARSHIPS AND LEADERSHIP PROGRAM. | $150,000 |
UNIVERSITY OF JAMESTOWN PURPOSE: SCHOLARSHIPS AND LEADERSHIP PROGRAM. | $200,000 |