David And Janis Larson Foundation
- Assets
- $135.5m
- Revenue
- $5.5m
- Investments
- $132.8m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 41-1957525
Organization Overview
David And Janis Larson Foundation is located in Minneapolis, MN. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. David And Janis Larson 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, David And Janis Larson Foundation generated $5.5m 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 (18.0%) each year. All expenses for the organization totaled $10.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David And Janis Larson Foundation has awarded 63 individual grants totaling $24,325,000. 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 |
|---|---|---|---|
Janis L Larson Pres., Sect'y, Treas., Tru | 2 | $0 | |
D Lance Larson Trustee | 2 | $0 | |
Reid M Larson Trustee | 2 | $0 | |
First Trust Co Llc Trustee | 10 | $184,386 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38 |
| Dividends & Interest | $3,378,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,955,372 |
| Capital Gain Net Income | $1,955,372 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $186,528 |
| Total Revenue | $5,520,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $184,386 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $402,588 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $616,023 |
| Total operating and administrative expenses | $1,222,687 |
| Contributions, gifts, grants paid | $9,300,000 |
| Total expenses and disbursements | $10,522,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,654,422 |
| 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 | $40,931,982 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11 |
| Total assets | $135,472,119 |
| 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, David And Janis Larson Foundation has awarded $9,300,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS AND BIG SISTERS PURPOSE: GENERAL CHARITABLE PURPOSES - OPERATING | $100,000 |
CENTRAL SQUARE CULTURAL AND CIVIC CENTER PURPOSE: GENERAL CHARITABLE PURPOSES | $350,000 |
CHILDREN'S MERCY HOSPITAL PURPOSE: GENERAL CHARITABLE PURPOSES | $100,000 |
COLLEGE POSSIBLE TWIN CITIES PURPOSE: GENERAL CHARITABLE PURPOSES | $200,000 |
FOOD FOR HUNGRY MINDS PURPOSE: GENERAL CHARITABLE PURPOSES | $60,000 |
GUTHRIE THEATER FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $75,000 |