Jacobsen Family Foundation
- Assets
- $1.0m
- Revenue
- $29.4k
- Investments
- $904.4k
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 41-1886672
Organization Overview
Jacobsen Family Foundation is located in Saint Paul, MN. The organization was established in 1998. 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. Jacobsen 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, Jacobsen Family Foundation generated $29.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $100.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jacobsen Family Foundation has awarded 31 individual grants totaling $245,225. 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 |
|---|---|---|---|
Ann Johnson Board Chair | 2 | $0 | |
Lowell Jacobsen Treasurer | 2 | $0 | |
Stuart Johnson Director | 2 | $0 | |
Cailin Johnson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,225 |
| Interest on Savings | $331 |
| Dividends & Interest | $22,763 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,040 |
| Capital Gain Net Income | $5,040 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,359 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $9,048 |
| Contributions, gifts, grants paid | $91,441 |
| Total expenses and disbursements | $100,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,180 |
| Savings and temporary cash investments | $33,282 |
| 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 | $50,119 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,000,826 |
| 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, Jacobsen Family Foundation has awarded $91,441 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
GLORIA DEI LUTHERAN CHURCH PURPOSE: GEN OP | $10,000 |
BEREAN BAPTIST PURPOSE: GEN OP | $1,000 |
FEED MY STARVING CHILDREN PURPOSE: GEN OP | $5,000 |
AMPLIFY MISSION NETWORK PURPOSE: GEN OP | $5,000 |
TANDEM PURPOSE: GEN OPSCHOOL SUPPLIES | $3,913 |
PROJECT REACH (SPPS) PURPOSE: GEN OPCOATS FOR KIDS | $1,802 |