Richard And Jaci Lindstrom Foundation
- Assets
- $266.8k
- Revenue
- $6.2k
- Investments
- $256.1k
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 41-1924685
Organization Overview
Richard And Jaci Lindstrom Foundation is located in Wayzata, MN. The organization was established in 1999. 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. Richard And Jaci Lindstrom 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, Richard And Jaci Lindstrom Foundation generated $6.2k 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 (39.8%) each year. All expenses for the organization totaled $30.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richard And Jaci Lindstrom Foundation has awarded 45 individual grants totaling $336,050. 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 |
|---|---|---|---|
Jaci Lindstrom President/secretary | 2 | $0 | |
Richard Lindstrom Treasurer | 1 | $0 | |
Beatrice Wolf Director | 0.5 | $0 | |
Charles Lindstrom Director | 0.5 | $0 | |
Gregory Wolf Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $5,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,084 |
| Capital Gain Net Income | $1,084 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,243 |
| 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 | $25 |
| Total operating and administrative expenses | $1,625 |
| Contributions, gifts, grants paid | $28,500 |
| Total expenses and disbursements | $30,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,672 |
| 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 | $256,102 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $266,774 |
| 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, Richard And Jaci Lindstrom Foundation has awarded $28,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASCRS FOUNDATION PURPOSE: PROGRAM SUPPORT | $10,000 |
LUNG CANCER FOUNDATION OF AMERICA PURPOSE: PROGRAM SUPPORT | $1,000 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: PROGRAM SUPPORT | $7,500 |
HOLLAND FOUNDATION OF SIGHT RESTORATION PURPOSE: PROGRAM SUPPORT | $10,000 |