Ove W Jorgensen Foundation Inc
- Assets
- $4.1m
- Revenue
- $18.5k
- Investments
- $3.8m
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 08/1998
- Data as of
- 01/2023
- EIN
- 35-2050475
Organization Overview
Ove W Jorgensen Foundation Inc is located in Fort Wayne, IN. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ove W Jorgensen 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 01/2023, Ove W Jorgensen Foundation Inc generated $18.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $240.4k during the year ending 01/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ove W Jorgensen Foundation Inc has awarded 114 individual grants totaling $1,577,036. 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 |
|---|---|---|---|
Ben Williams Secretary | 2 | $0 | |
Jay O Jorgensen President | 2 | $0 | |
Jane Jorgensen Director | 2 | $0 | |
Susan Jorgensen Vice Preside | 2 | $0 | |
Molly Stevens Director | 2 | $0 | |
Nicholas Stevens Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,879 |
| Dividends & Interest | $99,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$82,617 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,471 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,839 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21 |
| Total operating and administrative expenses | $22,167 |
| Contributions, gifts, grants paid | $218,200 |
| Total expenses and disbursements | $240,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,490 |
| 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 | $2,128,835 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,064,393 |
| 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, Ove W Jorgensen Foundation Inc has awarded $218,200 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE OF GRACE INC PURPOSE: GENERAL | $25,000 |
ENDOWMENT FOR YOUTH PURPOSE: GENERAL | $5,400 |
FORT WAYNE CHILDREN'S ZOO PURPOSE: GENERAL | $13,000 |
ENVIRONMENTAL DEFENSE CENTER PURPOSE: GENERAL | $20,000 |
INDIANA NATURAL RESOURCES FOUNDATIO PURPOSE: GENERAL | $10,000 |
DUCKS UNLIMITED PURPOSE: GENERAL | $10,000 |