Onan Family Foundation
- Assets
- $5.1m
- Revenue
- $402.0k
- Investments
- $5.0m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2022
- EIN
- 41-6033631
Organization Overview
Onan Family Foundation is located in Minneapolis, MN. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onan 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, Onan Family Foundation generated $402.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $347.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Onan Family Foundation has awarded 84 individual grants totaling $744,500. 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 |
|---|---|---|---|
Sarah Boswell Healey President | 2 | $0 | |
Laura Girard Secretary | 2 | $0 | |
David Onan Treasurer | 4 | $0 | |
Charles Onan Trustee | 1 | $0 | |
Karen Onan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $238,184 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,731 |
| Capital Gain Net Income | $159,093 |
| Net ST Capital Gain | $4,638 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $401,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,126 |
| Depreciation | $0 |
| Occupancy | $3,390 |
| Travel, conferences, and meetings | $1,701 |
| Printing and publications | $0 |
| Other expenses | $224 |
| Total operating and administrative expenses | $68,832 |
| Contributions, gifts, grants paid | $279,000 |
| Total expenses and disbursements | $347,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,032 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,075,966 |
| 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, Onan Family Foundation has awarded $279,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ALANO SOCIETY OF MINNEAPOLIS PURPOSE: GENERAL SUPPORT | $3,000 |
BOYS AND GIRLS CLUB OF THE TWIN CIT PURPOSE: GENERAL SUPPORT | $10,000 |
CHARITIES REVIEW COUNCIL PURPOSE: GENERAL SUPPORT | $1,000 |
DUNWOODY COLLEGE PURPOSE: SCHOLARSHIP SUPPORT | $20,000 |
FAITH'S LODGE PURPOSE: GENERAL SUPPORT | $7,500 |
GREATER MINNEAPOLIS CRISIS NURSERY PURPOSE: GENERAL SUPPORT | $10,000 |