Josefson Family Foundation
- Assets
- $263.1k
- Revenue
- $9.9k
- Investments
- $262.2k
- Employees
- 0
- Location
- Fergus Falls, MN
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 33-1073761
Organization Overview
Josefson Family Foundation is located in Fergus Falls, MN. The organization was established in 2004. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Josefson 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, Josefson Family Foundation generated $9.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $17.6k during the year ending 12/2021. While expenses have increased by 9.9% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED DIRECT ACTIVITY AND SUPPORT FOR YOUTH DEVELOPMENT AND EDUCATION CULTURAL AND HISTORICAL UNDERSTANDING AND PRESERVATION
PROGRAM TRAINING AND MATERIALS FOR ADMINISTRATION AND OPERATIONS
DIRECT SUPPORT FOR WELLNESS NUTRITION EDUCATION AND HEALTH RESEARCH
DIRECT CHARITABLE ACTIVITY AND SUPPORT OF EDUCATION AND MENTORING FOR ENTREPRENEURS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois E Josefson Trustee | 15 | $0 | |
Laurel E J Kilde Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,548 |
| Taxes | $36 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,359 |
| Total operating and administrative expenses | $16,943 |
| Contributions, gifts, grants paid | $625 |
| Total expenses and disbursements | $17,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $865 |
| 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 | $263,068 |
| Accounts payable and accrued expenses | $9,750 |
| 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 | $125,740 |
| Total liabilities | $135,490 |
Grants Awarded
Over the last fiscal year, Josefson Family Foundation has awarded $625 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPMH PURPOSE: HISTORICAL AND CULTURAL PRESERVATION | $500 |
NORTHERN STAR SCOUTING PURPOSE: YOUTH SUPPORTING ORGANIZATION | $125 |
Peer Organizations
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|---|---|---|
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Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Jeffers Foundation Plymouth, MN | $13,209,879 | $451,010 |
Childrens Museum Of South Dakota Brookings, SD | $7,565,049 | $1,438,522 |
Belwin Conservancy Afton, MN | $13,948,042 | $1,506,492 |
Miracle Ear Foundation Minneapolis, MN | $1,565,051 | $1,538,911 |
On His Path Danville, IA | $274,871 | $641,163 |
Ann Smeltzer Charitable Tr Fort Dodge, IA | $9,572,816 | $1,083,917 |
St Johns Elderly Housing Corporation Eau Claire, WI | $4,250,998 | $912,893 |
Farming For The Future Foundtn Inc Hancock, WI | $15,517,922 | $9,948,061 |