Jensen Private Foundation Inc
- Assets
- $7.4m
- Revenue
- $612.0k
- Investments
- $7.4m
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 04/2012
- Data as of
- 12/2023
- EIN
- 27-3945904
Organization Overview
Jensen Private Foundation Inc is located in Muscatine, IA. The organization was established in 2012. 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. Jensen Private Foundation Inc 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 12/2023, Jensen Private Foundation Inc generated $612.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $355.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jensen Private Foundation Inc has awarded 57 individual grants totaling $1,949,000. 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 |
|---|---|---|---|
Robert D Jensen Chairman | 0 | $0 | |
Joann M Jensen Secretary | 0 | $0 | |
Kevin D Jensen Director | 0 | $0 | |
Kyle L Jensen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $399,203 |
| Interest on Savings | $54 |
| Dividends & Interest | $170,695 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,078 |
| Capital Gain Net Income | $42,078 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $612,030 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $355,000 |
| Total expenses and disbursements | $355,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,924 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,406,387 |
| 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, Jensen Private Foundation Inc has awarded $355,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF GREATER MUS PURPOSE: GENERAL SUPPORT | $322,500 |
FRIENDS OF MUSCATINE ART CENTER PURPOSE: GENERAL SUPPORT | $1,000 |
GMG SCHOOL FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
HISTORIC MUSCATINE PURPOSE: GENERAL SUPPORT | $1,000 |
MUSCATINE CENTER FOR SOCIAL ACTION PURPOSE: GENERAL SUPPORT | $3,000 |
MUSCATINE CHARTIES INC PURPOSE: GENERAL SUPPORT | $5,000 |