Clausen Family Foundation
- Assets
- $136.2k
- Revenue
- $28.2k
- Investments
- $128.4k
- Employees
- 0
- Location
- Holstein, IA
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 33-1158977
Organization Overview
Clausen Family Foundation is located in Holstein, IA. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clausen 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, Clausen Family Foundation generated $28.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $57.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas E Clausen President/director | 0 | $0 | |
Joanie S Clausen Secretary/director | 0 | $0 | |
Randall S Gerritsen Treasurer/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $9,367 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,865 |
| Capital Gain Net Income | $18,865 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $769 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21 |
| Total operating and administrative expenses | $790 |
| Contributions, gifts, grants paid | $56,460 |
| Total expenses and disbursements | $57,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,434 |
| Savings and temporary cash investments | $6,305 |
| 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 | $136,157 |
| 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, Clausen Family Foundation has awarded $56,460 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIP AMERICA PURPOSE: POST SECONDARY EDUCATION | $6,460 |
BUENA VISTA UNIVERSITY PURPOSE: POST SECONDARY EDUCATION | $50,000 |