The Lundeen Foundation
- Assets
- $2.7m
- Revenue
- $61.7k
- Investments
- $2.7m
- Employees
- 0
- Location
- Fergus Falls, MN
- Founding
- 04/1978
- Data as of
- 12/2023
- EIN
- 41-1321858
Organization Overview
The Lundeen Foundation is located in Fergus Falls, MN. The organization was established in 1978. 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. Lundeen 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 12/2023, Lundeen Foundation generated $61.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $125.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 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 |
|---|---|---|---|
Paul Lundeen Chairman | 1 | $0 | |
Mary Lundeen Trustee | 1 | $0 | |
Victor Lundeen Jr Trustee | 1 | $0 | |
E Daniel Lundeen II Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $53,623 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,106 |
| Capital Gain Net Income | $8,106 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,729 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $634 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,184 |
| Contributions, gifts, grants paid | $124,500 |
| Total expenses and disbursements | $125,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,847 |
| Savings and temporary cash investments | $19,339 |
| 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 | $2,696,433 |
| 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, The Lundeen Foundation has awarded $122,400 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
PRAIRIE PUBLIC BROADCASTING PURPOSE: GENERAL OPERATIONS | $3,000 |
FERGUS FALLS PUBLIC LIBRARY PURPOSE: ACCELERATED READING PROGRAM | $5,000 |
ALZHEIMERS ASSN MN-ND CHAPTER PURPOSE: GENERAL OPERATIONS | $1,000 |
PIONEER PUBLIC TELEVISION PURPOSE: GENERAL OPERATIONS | $3,000 |
CLAIRE ANN SHOVER NURSERY SCHOOL PURPOSE: GENERAL OPERATIONS | $1,000 |
FERGUS AREA COLLEGE FOUNDATION PURPOSE: SCHOLARSHIP ENDOWMENT | $5,000 |