Pedersen Family Foundation
- Assets
- $1.7m
- Revenue
- $64.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Aurora, IL
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 36-4304424
Organization Overview
Pedersen Family Foundation is located in Aurora, IL. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Pedersen 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, Pedersen Family Foundation generated $64.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $171.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Pedersen Family Foundation has awarded 60 individual grants totaling $793,804. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO RELIEVE HUMAN SUFFERING AND SUPPORTS ORGANIZATIONS WHO DO SO BY PROVIDING FUNDS FOR FOOD, SHELTER AND CLOTHING.
THE ORGANIZATION SUPPORTS OTHER ENTITIES WHO HELP INDIVIDUALS AND CHILDREN LEAD HAPPY AND PRODUCTIVE LIVES.
THE FOUNDATION HAS PROVIDED HOUSING AND BUILDING NEEDS FOR 501(C)(3) ORGANIZATIONS TO RELIEVE HUMAN SUFFERING FOR THE HOMELESS.
SUPPORT OF ANIMALS IN NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory T Pfister Treasurer | 0 | $0 | |
Krissa Myrda Director | 0 | $0 | |
Kari Pedersen President | 0 | $0 | |
Stephen Pedersen Secretary | 0 | $0 | |
Brian Myrda Director | 0 | $0 | |
Christopher Myrda Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $163 |
| Dividends & Interest | $35,549 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,237 |
| Capital Gain Net Income | $14,168 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35 |
| Total Revenue | $63,984 |
| 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 | $30,821 |
| Total operating and administrative expenses | $35,056 |
| Contributions, gifts, grants paid | $136,117 |
| Total expenses and disbursements | $171,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,837 |
| Savings and temporary cash investments | $52,199 |
| 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 | $1,698,632 |
| 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, Pedersen Family Foundation has awarded $136,117 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CASA OF KANE COUNTY PURPOSE: PROTECT CHILDREN IN THE COURT SYSTEM | $10,000 |
JESUS HOUSE OF HOPE PURPOSE: FOOD AND EMERGENCY AID FOR THE POOR | $20,000 |
CASA OF KENDALL COUNTY PURPOSE: PROTECT CHILDREN IN THE COURT SYSTEM | $47,807 |
MUTUAL GROUND PURPOSE: ASSIST VICTIMS OF DOMESTIC VIOLENCE | $36,750 |
LEE & BEULAH MOOR CHILDREN'S HOME PURPOSE: SAFE STABLE ENVIRONMENT FOR CHILDREN | $5,000 |
FAMILY ENDEAVORS PURPOSE: VETERAN FAMILY SERVICES | $6,340 |